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  • You could get your paycheck into your account up to two days early with several banks.
  • Other institutions make money by holding onto your paycheck longer to earn interest on the funds.
  • Early direct deposits give you quicker access to your money and may let you earn interest sooner.

Direct deposit is the fastest way to get your paycheck into your checking account. Some of the best checking accounts make this process even faster by implementing early direct deposit features.

Early direct deposit can effectively get your paycheck into your checking account up to two days early. Below, find 33 accounts that offer this service, and an explanation of how they can do it and why it can be smart to take advantage.

Bank accounts with early direct deposits

1.Capital One 360 Checking - Product Name Only

2.Axos Bank Essential Checking

3. Ando Spending Account

4. Chime Spending Account

5.Ally Interest Checking Account

6.Albert Cash Account

7. Chase Secure Banking℠ - Product Name Only

8. Andrews Federal Credit Union Online Checking Account

9. Credit Karma Money Spend Account

10. Current Account

11. Dave Spending Account

12. Dora Financial Everyday Checking Account

13. Fifth Third Bank Momentum Checking Account - Product Name Only

14. Greenwood Spending Account - Product Name Only

15. GTE Financial Full Access Checking Account

This credit union has four checking accounts, including one for students. GTE Financial Full Access Checking is its most basic checking account, but all four offer early direct deposit.

16. Huntington Bank Perks Checking

17. Classic Checking Account - Brand + Name

 

18. LendingClub Rewards Checking Account - Product Name Only

19. Navy Federal Free Active Duty Checking™ Account

20. One Account

21. Porte Account

22. Regions Bank LifeGreen® Checking Account

23. Revolut Account

24. Service Everyday Checking Account - Product Name Only

25. Simmons Bank Coin Checking Account

26. SoFi Checking and Savings

27. Spruce Spending Account

28. Truliant Truly Free Checking Account - Product Name Only

29. USAA Classic Checking - Product Name Only

30. Varo Bank Account

31. VyStar Credit Union Free Checking Account - Product Name Only

32. Cash Back Checking Account - Brand + Name

33. Wealthfront Cash Account

Bank accounts with early direct deposit FAQs

How does 2-day early direct deposit work?

Kate Wauck, Vice President of Communications for Wealthfront, told Insider that banks usually take a few days to process paychecks because they are double-counting deposits. During this time, banks can interest. Some banks may choose to speed up the process, however, and process your paycheck more quickly.

What are the benefits of early direct deposits?

Early direct deposits have two main perks. You'll faster access to your money and you can start earning interest on your money sooner if its deposited in an interest-earning bank account.

Does Chase offer 2-day early direct deposit?

Yes, Chase Secure Banking℠ - Product Name Only customers may receive early direct deposits. Early direct deposit is not available for other Chase checking accounts.

Does Wells Fargo deposit 2 days early?

Yes, Wells Fargo checking accounts offer early direct deposits.

Why didn't my direct deposit come 2 days early?

Your direct deposit may not always be available 2 days early. The day you'll receive a direct deposit may vary, depending on when your bank gets the payroll deposit from your employer.

Read the original article on Business Insider