Best Banks That Pay You Early Direct Deposit | A Chance To Acquire Your Paycheck 2 Days Prior in 2022

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Shivangi Gupta
Shivangi Gupta
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Getting paid early and witnessing a sudden increase in the funds two days sooner is always a relief to eyes and mind. Fortunately, some banks on the list offer early direct deposits to their customers and let them avail these services without any complex terms or conditions. According to your pre-planning, it can be an effective way to receive your paycheck sooner than before and pursue your future financial transactions.   

Early deposits are made regarding paychecks received by your employer or government agency. When a check is received, banks instantly deposit it to your account without waiting for the process to complete. It is only practiced when banks have utmost faith in the employer that every due will be cleared on time. When an early direct deposit is received, a customer can access the money instantly and up to his savings game. Apart from early direct deposits, some banks like Chime or Acorns offer a sign-up bonus when a new account is opened. 

Getting early access to the funds laid down in the direct deposit account doesn’t only help you in paying your bill payments on time but also helps you manage your savings goals. Taking into account, we have listed the best banks that let you get paid early in 2022 in the following article.  

Best Banks For Early Direct Deposits

1. Chime Spending Account

Best Banks That Pay You Early Direct Deposit | A Chance To Acquire Your Paycheck 2 Days Prior in 2022
  • Two days Early direct deposit.
  • No minimum deposit is required.
  • If you are qualified, there are no monthly service fees, foreign transaction fees, or overdraft fees up to overdrafts of $200 with SpotMe.
  • Sign-up bonus of $100.
  • Member of FDIC.
  • A debit card is included.
  • The out-of-network ATM fee is $2.50.
  • 60,000+ ATM networks available nationally.

Also, read Chime Credit Builder Secured Visa Card Review 2022

2. SoFi Money Account

 SoFi Money Account
  • Two days early direct deposit.
  • With a debit card in your hand and an existing checking account, a new SoFi Money Account can be opened with a minimum of $10.
  • The signing-up direct deposit bonus is $100.
  • APY rate offered:0.25%.
  • 15% cashback on every expense done by SoFi money. 
  • No overdraft fee included.
  • FDIC insured.
  • 55,000+ ATM networks are available within the Allpoint network.

Also, read Best Free Online Banks 2022 | Top 10 List

3. Axos Essential Checking Account

 Axos Essential Checking Account
  • Two days Early paycheck with direct deposits
  • No monthly fees and no minimum balance.
  • APY 0.15% to 0.61% for balances under $50,000.  
  • The minimum deposit required for opening a new account is $250.
  • FDIC insured.
  • Limitless fee-free ATM reimbursements. 
  • Online and mobile banking

Also, read TeleCheck – 7 Reasons Your Check May Have Been Denied

4. Capital One 360 Checking Account

Capital One 360 Checking Account
  • Two days Early direct deposits are available.
  • No monthly service fee foreign transaction fee is available.
  • The minimum opening deposit amount or balance requirement is NIL.
  • APY: 0.10% on all account balances.
  • FDIC insured.
  • 70,000+ fee-free ATM networks are available, whereas out-of-network fees are not reimbursable. 
  • Reliable customer service.

Also, read 10 Best Black Owned Banks Today | Top Checking And Savings Account

5. GoBank Checking Account

 GoBank Checking Account
  • Two days early direct deposit.
  • Government facilities can be availed four days sooner.
  • No overdraft fees are included.
  • Monthly service charge: $8.95, can be waived off by receiving a monthly cashback of $500 in the form of paycheck or government benefits.
  • The minimum deposit required for opening an account is $20 to $500.
  • Regular APY: None.
  • If cash is deposited at a particular retailer, you ought to pay a fee worth $4.95.
  • 42,000+ ATM networks available, usage of out-of-network ATM fee is $3.
  • FDIC insured.

Also, read Vital Facts About Charge-Off Accounts | 6 Unknown Facts

6. Current Premium Account

 Current Premium Account
  • Two days early direct deposit.
  • Do not use ChexSystems or credit reports to screen new accounts.
  • No-hold on debit card gas purchases, apart from some holding of $100, lock the money for not making it fully available for spending purposes.
  •  Unlimited cashback is available from some participating retailers. 
  • No minimum balance is required.
  • No overdraft fee is charged for overdrafts up to $100 with Onedrive.
  • 24/7 customer care service.

Also, read Bad Credit Loans in California in 2022 | Put An End To Your Financial Worries

7. LendingClub Rewards Checking Account

LendingClub Rewards Checking Account
  • Two days early direct deposits.
  • Do not use ChexSystems but will indulge itself in the soft pull of your credit report from Equifax to have an overview of your banking history (it will not affect your credit score, though).
  • No monthly service fee. 
  • Minimum deposit amount: $100, can be funded from a debit card or a savings/ checking account from another bank.
  • 1% cashback on everyday purchases with a debit card.
  • Unlimited ATM fee reimbursements. 
  • 0.10% APY: $2,500-$99,999.99 balance; 0.15% APY: >100,000 balance.
  • Customer service is available over phone, mail, or chat.
  • Deposits up to $250,000 are FDIC insured. 

Also, read Best Credit Cards That Are Easy To Acquire In 2022

8. Varo Checking Account

Varo Checking Account
  • Two days early direct deposits.
  • No minimum deposit is required. 
  • There is no monthly fee, foreign transaction fee, or overdraft fee for overdrafts up to $50.
  • 15% cash back rewards are available if you shop from particular retailers.
  • Cashback worth $5 is automatically deposited into your account.
  • If your debit card is swiped five times per month and your direct deposit account is credited by a minimum of $1,000 each month, it means that you qualify for a no-fee overdraft.
  • No physical branches and no joint accounts are available.
  • 55,000+ ATM networks available, out-of-network ATM fee charged is $2.50. 

9. Acorns Checking Account

 Acorns Checking Account
  • 2 Days early direct deposits of minimum $250.
  • A sign-up bonus of $75 will be credited to your account within 45 days.
  • No overdraft fees and no transfer fees.
  • Digital banking.
  • Reimbursable fee on ATM withdrawals nationally.
  • Offers service of round-up purchases done by debit cards, and the spare money is invested accordingly.
  • Checking account deposits up to $250,000 are FDIC insured.
  • Fraud protection.

Also, read Best Banks For Bad Credit | A Chance To Revamp Your Credit Score

10. Navy Federal Free Active Duty Checking Account

Navy Federal Free Active Duty Checking Account
  • One-day early direct deposit.
  • No minimum deposit is required.
  • No monthly service charge if you are a member of direct military deposits.
  • 30,000 fee-free ATM networks available, reimbursable out-of-network fees up to $20.
  • Free of charge personalized checks.
  • Overdraft protection can be done through savings transfer, line of credit, or optional overdraft protection service.
  • Active military, retired military, or reservists can acquire free Active Duty checking.

Also, read 6 Banks That Don’t Use ChexSystems | Everything That You Need To Know

To Put It In Nutshell…

It is said that every bank can clear your paycheck two days early. Still, not every bank does it because:

1) they wish to earn interest from both the accounts by writing the word ‘exists’ in two different places (recipient’s account and payer’s account), and

2) to cover their risk if they are unsure the employer or government agencies will clear that amount. But some banks give you the advantage of receiving your funds as early as possible. It helps you earn the interest as early as possible, avoid late payments, and meet your saving goals. 

As much trust you put in PathofEx, we put in the same amount of trust in these banks. Figure out your choices and write down below for any related query. 

Thank You!


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