In this article, you will get all information regarding Full list of major banks that let you get paid two days early

DEPENDING on your bank, you may be able to see your paycheck faster.

There are about 30 banks offering what’s called early direct deposit providing swift access to your money.

Customers at 30 different banks may now benefit from early direct deposit


Customers at 30 different banks may now benefit from early direct depositCredit: Getty

Many times, these banks will allow your paycheck to be deposited up to two days early.

Some choose to do this as an incentive to get new customers through the door.

More recently, JPMorgan Chase added the new feature for customers this past October.

Additionally, large banks like Axos, Capital One 360, and SoFi also provide the service for no monthly fee.

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Qualifications may vary per bank so make sure to check out which account works best for you.

However, not all banks will give customers this service as they can make more money by holding on to their funds.

Kate Wauck, Vice President of Communications for Wealthfront, told Business Insider that this is often a common practice.

“It’s referred to as ‘float’ which is basically banks double-counting deposits for a short period of time before they clear the transaction so they can earn interest on both of the amounts,” Kate said.

Pros and cons of early direct deposit

Receiving your money early may help with things like covering your bills and preventing overdraft fees.

Plus, early direct deposit can also get you a tax refund or other government-issued check faster.

In addition to quicker access to your funds, early direct deposits may also let you earn interest sooner.

This is because some banks pay interest on checking accounts.

This means you can transfer money from a checking account to a savings account and earn interest.

Just remember some banks may require you to have minimum deposit amounts or demand membership fees.

Although getting your money early seems ideal, it may not be the right move for everyone.

You may need to open a new account to take advantage of this feature since not every checking account comes with this service.

This means that you may need to look out for monthly fees that accounts require.

Plus, early access may be dangerous for those who typically don’t have the best spending habits.

The full list

Below is the full list of bank accounts offering early direct deposit.

  • Albert Cash Account
  • Ally Interest Checking Account
  • Ando Spending Account
  • Andrews Federal Credit Union Online Checking Account
  • Axos Bank Essential Checking
  • Capital One 360 Checking
  • Cheese Account
  • Chime Checking Account
  • Credit Karma Money Spend Account
  • Current Account
  • Dave Spending Account
  • Dora Financial Everyday Checking Account
  • Fifth Third Bank Momentum Checking Account
  • GTE Financial Full Access Checking Account
  • Huntington Bank Perks Checking
  • Kinly Account
  • LendingClub Rewards Checking Account
  • Navy Federal Free Active Duty Checking Account
  • One account
  • Porte Account
  • Regions Bank LifeGreen Checking Account
  • Revolut Account
  • Service Everyday Checking Account
  • Simmons Bank Coin Checking Account
  • SoFi Checking and Savings
  • Spruce Spending Account
  • USAA Classic Checking
  • Varo Checking Account
  • VyStar Credit Union Free Checking Account
  • Wealthfront Cash Account
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Full list of major banks that let you get paid two days early

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