How to get your paycheck early using your online checking account

Watching for a direct deposit to hit your bank account can be a stressful waiting game, especially if you have everyday expenses to cover and bills that need to be paid. If this is an all-too-familiar challenge, you aren’t alone. Many Americans live paycheck to paycheck, without much of a financial buffer between paydays. And even after your paycheck is sent to your bank, it can still take a few days before that money is in your checking account and available to spend.

Whatever the reason, being able to get your paycheck early can make a huge difference. And your checking account can actually help you do this, depending on your bank. So, how can you get your paycheck early using an online checking account? It just takes a few simple steps and a little know-how.

Can you get your paycheck early using your online checking account?

Yes! You may be able to get your paycheck early and access your cash even sooner than expected, depending on the checking account you pick. Early access to these funds could help you cover immediate expenses or pay bills without having to rely on credit cards or incur late fees.

Not all online checking accounts allow you to get paid early, but some do.

How to get paid early with direct deposit

The process for setting up direct deposit will vary by the payor (your employer, in most cases). Payors often have their own direct deposit form for you to fill out, or you may be able to provide an ACH form that your bank generates on your behalf.

In order to set up direct deposit, you’ll need to provide the payor with information such as your:

• Name on your account
• Bank name
• Bank account and routing numbers
• Bank address

Also, you’ll likely need to tell the payor how you want the money deposited. You may be able to specify those details when you set up direct deposit.

How early will direct deposit funds be available?

The timeline depends on when the ACH transfer is initiated by the payor and when your bank is notified that funds are on their way.

Will funds from my qualifying direct deposit always be available early?

Not necessarily. Banks can’t guarantee that the funds will always be available early because of actions the payor may take. Timing can also depend on when the bank is notified of the pending payment.

Start using your checking account to get your paycheck early

When choosing a bank, you’ll want to look for important benefits such as no fees, expansive ATM networks, and mobile check deposit. Being able to get your paycheck early might be one of the most beneficial perks, though, whether you need it to pay some bills or if you’re ready to make a big purchase.

The information provided herein is for informational purposes only and is not intended to be construed as professional advice. Nothing contained in this article shall give rise to, or be construed to give rise to, any obligation or liability whatsoever on the part of Discover, a division of Capital One, N.A. or its affiliates.

Articles may contain information from third parties. The inclusion of such information does not imply an affiliation with the bank or bank sponsorship, endorsement, or verification regarding the third party or information.