topic Re: Credit Unions (and Banks) with Early Direct Deposit in Personal Finance

Credit Unions (and Banks) with Early Direct Deposit

SouthJamaica — Fri, 07 Jul 2023 21:31:55 GMT

Some credit unions and banks have early direct deposit. If you use direct deposit, they make it available a day or two early, sometimes even sooner than that.

The ones I know that offer this feature are listed below.

If you know of others, let me know and I'll add them to this post. When doing so, be sure to specify what their membership eligibility requirements are, so I'll know how to classify them. If early direct deposit is available only for some accounts, or to some members, please specify the details of eligibility for early direct deposit.

Any updates or corrections would be welcome as well.

Open membership credit unions:

1. Langley FCU (1-2 days)

2. Hanscom FCU (2 days)

3. DCU (2 days)

4. PenFed (2 days)

5. Unify FCU (2 day)

6. Andrews FCU (1 day)

7. Chartway FCU (1-2 days)

8. Service CU (2 days)

9. Affinity FCU (cash back debit checking account) (2 days)

10. US Senate FCU (1-2 days)

11. Consumers CU (Illinois) (1 day)

12. USAlliance (2 day)

13. Mountain America CU (according to @Royalbacon it is open to anyone, although website says otherwise)

14. SDCCU (2 day) (per @Brian_Earl_Spilner)

15. Jovia Financial CU (2 day)

Somewhat limited membership credit unions:

1. NFCU (1 day) (Most members have to specially request the early direct deposit)

Very limited membership credit unions:

1. Abri (1 day)

2. University FCU, Mountain America, America First (all 1-day)

3. Golden 1 (1 day)

4. FCCU (First Community Credit Union) (Houston) (2 days)

5. Baxter CU (2 days)

6. RBFCU (1 day or 2 day)

7. Knoxville TVA Employees CU (2-3 days)

8. Point Breeze CU (1 day), Sky One FCU (1-2 days), Union Square CU (2 days), GPO FCU (1 day) (courtesy Royalbacon)

9. South Florida Educational FCU (1 day)

10. Wescom CU (2 days)

11. SCSCU (1 day)

12. University of South Florida CU (1 day)

13. VyStar CU (2 day)

14. Municipal Credit Union NYC (1 day) (per @WomanITGeek)

15. America First CU

16. Idaho Central Credit Union (2 day) (per @Royalbacon )

Banks:

1. Chime Bank (2 day)

2. Woodforest National Bank (2 day)

3. SoFi (2 day)

4. USAA (1 day) (very limited membership)

5. One Finance

6. 5/3 Bank (with Momentum checking)

7. Capital One (with 360 checking)

8. Citizens Bank (2 day)

9. Discover Bank (2 day) (courtesy @AndySoCal)

10. Ally Bank (2 day) (courtesy @GatorGuy)

11. Huntington Bank (geofenced) (2 day) (courtesy @Royalbacon)

12. JPMorgan Chase (with "Secured Checking" type of account)

13. Wells Fargo (courtesy @difringe) (this one is questionable see @FireMedic1 post: https://ficoforums.myfico.com/t5/Personal-Finance/Wells-Fargo-to-Credit-Direct-Deposits-Early/m-p/6625456#M254887

Other:

1. Fidelity Cash Management (1 day)

(Note: an earlier thread with the same title has been closed, due to its age.)

Re: Credit Unions with Early Direct Deposit

Kforce — Sat, 25 Dec 2021 17:16:48 GMT

One thing that I have figured out is that the "one, two or three day early" is really dependent on when the originating financial institution pushes the payments. It can be 3 days from one payee and 1 for another, and also vary from month to month depending on what day your regular pay day falls. This service in the fine print is more like " we will give it too you when we get it, won't hold it for interest". No guarantee you get it 1, 2 or 3 days early.

Re: Credit Unions with Early Direct Deposit

Guyatthebeach — Sun, 26 Dec 2021 02:06:20 GMT

SouthJamaica,

My main CU, SCSCU, is a one day early direct deposit CU. They are also geo-restricted to select counties and organizations in SC.

Guyatthebeach

Re: Credit Unions with Early Direct Deposit

SouthJamaica — Sun, 26 Dec 2021 05:29:11 GMT

@Kforce wrote:
One thing that I have figured out is that the "one, two or three day early" is really dependent on when the originating financial institution pushes the payments. It can be 3 days from one payee and 1 for another, and also vary from month to month depending on what day your regular pay day falls. This service in the fine print is more like " we will give it too you when we get it, won't hold it for interest". No guarantee you get it 1, 2 or 3 days early.

Yes there can be slight variations. Think of the 1-day ones as always being the day before, and the 2-day ones as from 1 to 5 days, depending on variables.

Re: Credit Unions with Early Direct Deposit

Revelate — Mon, 27 Dec 2021 10:53:31 GMT

@Kforce wrote:
One thing that I have figured out is that the "one, two or three day early" is really dependent on when the originating financial institution pushes the payments. It can be 3 days from one payee and 1 for another, and also vary from month to month depending on what day your regular pay day falls. This service in the fine print is more like " we will give it too you when we get it, won't hold it for interest". No guarantee you get it 1, 2 or 3 days early.

Yeah, I've gotten DDs randomly early even at Chase recently.

Doesn't seem to be much rhyme or reason to it, it's certainly not consistent most of the time it is very early on my actual pay day. I work for a Dow component so I would expect it to be like clockwork but even it gets a little strange at times.

Re: Credit Unions with Early Direct Deposit

Anonymous — Mon, 27 Dec 2021 13:20:32 GMT

USAlliance meets criteria of being a CU with early DD. Up to 2 days early.

Re: Credit Unions with Early Direct Deposit

CreditInspired — Mon, 27 Dec 2021 13:10:50 GMT

NFCU - 1 day early

Membership required via military affiliation, including relatives whether live or deceased.

Re: Credit Unions with Early Direct Deposit

SouthJamaica — Mon, 27 Dec 2021 13:39:11 GMT

@Anonymous wrote:
USAlliance meets criteria of being a CU with early DD. Up to 2 days early.

Please advise as to membership requirements for USAlliance @Anonymous

Thanks

Re: Credit Unions with Early Direct Deposit

SouthJamaica — Mon, 27 Dec 2021 13:40:12 GMT

@CreditInspired wrote:
NFCU - 1 day early
Membership required via military affiliation, including relatives whether live or deceased.

Please advise as to which members get early direct deposit and how to get it @CreditInspired

Thanks

Re: Credit Unions with Early Direct Deposit

Mr_Mojo_Risin — Mon, 27 Dec 2021 18:47:16 GMT

@SouthJamaica wrote:
@CreditInspired wrote:
NFCU - 1 day early
Membership required via military affiliation, including relatives whether live or deceased.
Please advise as to which members get early direct deposit and how to get it @CreditInspired

Thanks

IME I called Navy's automated system when I had a pending deposit and it asked if I wanted it made available immediately, I said yes please lol.

I did this 2 weeks in a row and now I receive my DD a day early every week without calling in.

I tried calling previously and asking a CSR about early DD, but they said they couldn't do it. So, I guess that's kind of a YEMV.

Re: Credit Unions with Early Direct Deposit

CreditInspired — Mon, 27 Dec 2021 19:39:10 GMT

@Mr_Mojo_Risin wrote:
@SouthJamaica wrote:
@CreditInspired wrote:
NFCU - 1 day early
Membership required via military affiliation, including relatives whether live or deceased.
Please advise as to which members get early direct deposit and how to get it @CreditInspired

Thanks

IME I called Navy's automated system when I had a pending deposit and it asked if I wanted it made available immediately, I said yes please lol.
I did this 2 weeks in a row and now I receive my DD a day early every week without calling in.

I tried calling previously and asking a CSR about early DD, but they said they couldn't do it. So, I guess that's kind of a YEMV.

This is almost how it happened for me over 2 yrs ago. I would call in and talk to a CSR and ask for early release and after 2-3 times of this, it is now automatic.

Re: Credit Unions with Early Direct Deposit

CreditInspired — Mon, 27 Dec 2021 19:44:04 GMT

@Revelate wrote:
@Kforce wrote:
One thing that I have figured out is that the "one, two or three day early" is really dependent on when the originating financial institution pushes the payments. It can be 3 days from one payee and 1 for another, and also vary from month to month depending on what day your regular pay day falls. This service in the fine print is more like " we will give it too you when we get it, won't hold it for interest". No guarantee you get it 1, 2 or 3 days early.
Yeah, I've gotten DDs randomly early even at Chase recently.

Doesn't seem to be much rhyme or reason to it, it's certainly not consistent most of the time it is very early on my actual pay day. I work for a Dow component so I would expect it to be like clockwork but even it gets a little strange at times.

Wow! Chase? You were lucky!!!!!!

They barely want to release mine on my payday. It always say "pending" but at least I have access to it.

Re: Credit Unions with Early Direct Deposit

sznthescore — Mon, 27 Dec 2021 19:50:53 GMT

I'll have to give this call in (automatic system) a try with Navy Federal. I seem to get mine on payday with Navy Federal. With PenFed I get it a day early like clockwork. Thank for the info. As soon as I see it pending with Navy Federal, I'll call in.

Re: Credit Unions with Early Direct Deposit

SouthJamaica — Mon, 27 Dec 2021 20:06:35 GMT

@sznthescore wrote:
I'll have to give this call in (automatic system) a try with Navy Federal. I seem to get mine on payday with Navy Federal. With PenFed I get it a day early like clockwork. Thank for the info. As soon as I see it pending with Navy Federal, I'll call in.

The only time I've ever seen that with Chase is that where it's scheduled to come in on a Monday, I might get it Sunday night. But not on a regular basis. And not on any other day of the week.

Re: Credit Unions with Early Direct Deposit

pauldc73 — Thu, 30 Dec 2021 00:00:13 GMT

USAA seems to be 1 day early based on my employer (I moved it from BofA and always was 1 business day earlier after the change)

Re: Credit Unions with Early Direct Deposit

outofcredit — Thu, 30 Dec 2021 05:17:41 GMT

@CreditInspired wrote:
@Revelate wrote:
@Kforce wrote:
One thing that I have figured out is that the "one, two or three day early" is really dependent on when the originating financial institution pushes the payments. It can be 3 days from one payee and 1 for another, and also vary from month to month depending on what day your regular pay day falls. This service in the fine print is more like " we will give it too you when we get it, won't hold it for interest". No guarantee you get it 1, 2 or 3 days early.
Yeah, I've gotten DDs randomly early even at Chase recently.

Doesn't seem to be much rhyme or reason to it, it's certainly not consistent most of the time it is very early on my actual pay day. I work for a Dow component so I would expect it to be like clockwork but even it gets a little strange at times.
Wow! Chase? You were lucky!!!!!!
They barely want to release mine on my payday. It always say "pending" but at least I have access to it.

I always receive my Social Security direct deposit "early" at Chase if my actual deposit date falls on a Monday. It is available on Saturday in those cases.

Re: Credit Unions with Early Direct Deposit

Roger1071549 — Thu, 30 Dec 2021 18:44:58 GMT

I know Baxter Credit Union and United HealthGroup credit union (part of Baxter CU) also do early direct deposit. They call it enhanced direct deposit.

as for a bank. I notice smaller banks do it more often than larger. Phoenixville Federal does post a day early. They do not advertise it though, so it is most likely just a system thing.

Re: Credit Unions with Early Direct Deposit

sznthescore — Fri, 31 Dec 2021 01:12:20 GMT

@sznthescore wrote:
I'll have to give this call in (automatic system) a try with Navy Federal. I seem to get mine on payday with Navy Federal. With PenFed I get it a day early like clockwork. Thank for the info. As soon as I see it pending with Navy Federal, I'll call in.

Well... I gave the NFCU automic system all call... nothing new besides my general account information. The system did let me know that I had a pending direct deposit which arrived two days early in their system and showed in my online banking... however, the system also stated when the funds would be available. There was no option to press to receive it early. If 10pm or later the night before is early, that sucks. But hey... I did give it try.

Re: Credit Unions with Early Direct Deposit

Royalbacon — Fri, 31 Dec 2021 04:51:24 GMT

You have both Mountain America and America First listed as very limited membership, but both of them are actually open to everyone.

America First has numerous different PTA's you can join and they aren't geo-locked, I joined and I live in Minnesota way outside of their footprint. The lady on the phone who help me set up my America First membership joined the Nevada PTA for me and they paid the PTA fee/dues on my behalf for me.

Mountain America you can be eligible by joining the American Consumer Council and they aren't geo-locked either, I even reached out to them via Facebook because when I decided to join America First I was contemplating on joining one or the other (Mountain America or America First) but I ultimately ended up choosing America First.

Re: Credit Unions with Early Direct Deposit

justjac2 — Fri, 31 Dec 2021 12:08:57 GMT

5/3 Bank and One Finance both have early direct deposit.