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1 Early access to direct deposit funds depends on the timing of the submission of the payment file from the payer. Chime generally makes these funds available on the day the payment file is ...
Direct deposit is a convenient way to receive your paycheck without requiring a paper check or a bank trip. Most banks offer direct deposit as a standard feature in their checking accounts. Some ...
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A direct deposit (or direct credit), in banking, is a deposit of money by a payer directly into a payee's bank account.Direct deposits are most commonly made by businesses in the payment of salaries and wages and for the payment of suppliers' accounts, but the facility can be used for payments for any purpose, such as payment of bills, taxes, and other government charges.
However, some banks and payment apps may make the funds available as soon as the direct deposit is received rather than after it is processed, allowing you to get your money a day or two early.
“While the exact timing varies, direct deposit is generally one or two days earlier than a traditional paycheck,” said Erika Kullberg, a personal finance expert, attorney, and founder of Erika ...
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