Direct Deposit Times Hit - Frugal Reality

36 Direct Deposit Times Hit at Banks and Credit Unions

You received your monthly paycheck and paid some nearly overdue bills, but you’re still left with some outstanding debts and loans. You wish to save $10,000 in a year, but your bills take all the money each month. Instead of having enough money to pay bills as they come, you have to wait until the next paycheck and want to know when the direct deposit hits your account. Does that sound familiar?

Well, that’s the cycle of living paycheck to paycheck, of which 56% of Americans are familiar with. To escape it, you need to drastically cut expenses and save money. Frugal living tips with a big impact on saving money can help you do exactly that.

You know those days of waiting for a new paycheck to arrive can feel long and exhausting. But, again, driving to the bank to deposit your paycheck every time you get paid is inconvenient. That extra time and gas can be put into doing something more constructive. You’ve already worked hard to earn that money; you shouldn’t work hard to have it in your account, right?

That’s where direct deposits come in. Instead of your employer sending you a paper check, they deposit the money directly into your account. It’s become the mainstream payment method way most employers pay their employees. 

Knowing the exact date and time when they’ll get paid for a new employee or someone living from paycheck to paycheck can help relieve some financial stress. That’s why many employees want to know how long it takes for a direct deposit to hit.

So, how long does it take for direct deposit to show in your bank account?

Short Answer: On average, direct deposit times are between 1-3 business days. The exact time it takes for direct deposits to show in your bank account depends on the day, and the time your issuer initiated payments, and how long it takes the ACH network to process the payment.

Thus, there is no universal direct deposit times frame for all banks, and it varies from bank to bank. However, most banks have direct payroll deposits hit employee accounts at midnight the day before payday. That means you can pass by ATMs that dispense $1, $5, $10, $20, $50, or $100 as early as 7 am on payday to withdraw cash.

For instance, AXOS Bank is among the banks with the fastest direct deposit times. The direct deposits are made immediately after your employer sends the funds, and the money can hit your account as early as two days before funds are typically available.

Bank of America, on the other hand, has a direct deposit cutoff time at 9 pm. Money will be available the same day for funds received before the cutoff time. Otherwise, funds will be posted into your account the next business day.

Keep reading to learn when direct deposit times hit bank accounts.

Table of Contents

What is a Direct Deposit?

Direct deposit is the process of transferring money electronically from one bank account to another through the Automated Clearing House (ACH) networkwithout the need for a paper check. Instead of your employer writing or sending you a physical check, they give instructions to their bank to pay money directly into your bank account on a specific date. 

Direct deposits eliminate the need for paper checks, save companies money on payroll processing, and considerably reduces the time associated with processing paper business checks. You don’t have to make an extra trip to the bank to cash a check and wait for funds to deposit. Once a direct deposit hits your bank account, money will immediately be available for you to spend.

To set up a direct deposit, you’ll need to fill out a direct deposit form for your employer with your bank’s name, address, account number, and routing number. To avoid costly errors, you should provide your employer with a voided check so that they can obtain the details directly from there.

Once complete, the issuer can pay money directly into your account without a paper check. Thus, you don’t have to worry about your payroll check getting lost, stolen, or damaged. 

Direct deposits also make it easy to pay bills and manage your savings. In addition, they give you total control of where your money should go every month because you can divide your paycheck into multiple accounts. For instance, you can have part of your paycheck deposited into your savings account, Roth IRA, or an income-producing asset investment account.

How Fast is Direct Deposit?

Direct deposit is many times faster than paper checks. When you cash a payroll check at a bank, it may take 2-5 days before the money is posted in your account. That may seem like forever with modern economic hardships. A large ACH transfer can take a few days longer at some banks to clear.

Typically, direct deposits clear the same day or the next business day after your issuer releases payment, especially at larger banks. That saves the payee the longer waiting time associated with check deposits and the extra time and gas it takes to visit the bank to cash a payroll check. 

And the good thing is, direct deposits don’t require bank holds. So, unlike paper checks, money will be available for you to spend immediately after the funds arrive in your checking account.

That said, the exact direct deposit times depend on where the money is coming from and the issuer’s instructions to their bank. Though the payee may see the money into their account in near-instantaneous timelines, a lot is usually happening in the background to make that possible.

The truth is, your employer initiates payment a few days earlier, like one or two weeks before payday. The bank is then instructed about the exact day when money should be released in your account. So it helps ensure that money goes into your account at the exact date and time without fail.

That’s why payroll direct deposits may hit your bank account at midnight the day before payday or between 12 am, and 6 am on the day your employer sends the deposits.

Prior planning also makes it possible for government payments like Social Security benefits, unemployment benefits, or SNAP funds to arrive on recipients’ bank accounts on the second, third, or fourth Wednesday of each month. 

If the payment date aligns with a public holiday, the money is usually deposited one business day before the holiday. Otherwise, there may be a delay of one or two days.

What Are The Direct Deposit Times by Bank and Credit Union? 

Direct deposit times vary between banks and credit unions. We’ve researched for you and compiled a list of the exact direct deposit times for 36 financial institutions in the country. Here’s the list of direct deposit times for banks and credit unions ordered alphabetically.

1. AXOS Bank

AXOS Bank is a fintech bank that provides innovative services and banking to customers nationwide. The financial products and services offered at AXOS include checking, savings, money markets, CDs, lending, and retirement. 

The AXOS Bank ABA routing number is 122287251

What Time Does AXOS Bank Post Direct Deposits?  

AXOS Bank makes the direct deposit as soon as your employer sends the funds. Unlike most banks, the funds are released up to two days before a typical payday. You’ll receive a payroll notification that the funds are available on the same day if your employer deposits the funds during normal business hours.

Find a nearby AXOS Bank to learn about their direct deposit policy here. 

2. Bank of America

Bank of America is one of the world’s largest financial institutions, with around 4,600 locations and around 16,200 ATMs. It has select ATMs that dispense $10 bills

When is the Bank of America Direct Deposit Time Hit?

Bank of America direct deposit cutoff time is at 9 pm Eastern or Central times for same-day credit. Otherwise, the deposited funds are generally available the next business day.

Bank of America funds are processed the same day they’re received. The funds are available the same business day if received before the cutoff time; otherwise, they’re available the next business day.

Find a nearby Bank of America to learn about their direct deposit policy here. 

3. BECU 

BECU is a credit union started for Boeing employees. The not-for-profit financial co-op offers free checking, no minimum balance, and no maintenance fees. They also offer member discounts on things like baseball games and drive-in movies.

The Central National Bank ABA routing number is 325081403

What Time Does BECU Post Direct Deposits?  

BECU direct deposits are usually between 12 am to 2 am PST. It will likely post early in the morning when the bank receives the deposit information from your employer. 

Find a nearby BECU to learn about their direct deposit policy here.

4. BBVA

BBVA USA Bancshares has about 650 branches in Alabama, Arizona, California, Colorado, Florida, New Mexico, and Texas. The regional bank offers free online and mobile banking, Visa debit with cashback rewards, no ATM fees with premium checking, savings, credit cards with smart chip, lending, mortgages, and investments. 

What Time Does BBVA Post Direct Deposits?  

BBVA direct deposits are available on the same business day your employer sends the funds. 

Find a nearby BECU to learn about their direct deposit policy here.

5. Capital One

Capital One is a technology-focused bank with about 750 branches and around 2,000 ATMs. They specialize in credit cards, checking, savings, auto loans, business loans, and commercial loans.

What Time Does Capital One Post Direct Deposits?  

Capital One direct deposits the funds in your account no later than 9 pm EST on the same business day it receives the deposit from your employer. If it’s past that time, then the funds will be available the next business day. 

Find a nearby Capital One to learn about their direct deposit policy here.

6. Central National Bank

Central National Bank has 22 branches in Kansas and Nebraska with over ATMs. 

It offers money services for banking, loan, mortgage, and investment services. Additional services include selling Visa gift cards, personal banking, savings and money market accounts, CDs, and farm management. 

The Central National Bank ABA routing number is 101101293

What Time Does Central National Bank Post Direct Deposits?  

Central National Bank direct deposits the funds in your account between 1 am, and 4 am. Their general policy is to make the funds from checks, cash, and electronic direct deposits available on the same day it’s received.

Find a nearby Central National Bank to learn about their direct deposit policyhere.

7. Chase Bank

Chase Bank serves nearly half the households in the US. Its financial services include personal banking, mortgages, credit cards, auto financing, investment advice, payment processing, small business loans, and cash third-party checks. Chase has over 4,700 branches with around 16,000 ATMs. 

See our guide on how to find the Chase routing numbers and wire transfer online. 

What Time Does Chase Post Direct Deposits?  

Chase direct deposits the funds in your account by 6:30 EST on the business day the funds are deposited in the account. Also, the cutoff time for making an ATM deposit is 11 pm Eastern. The cutoff when transferring money on Chase Mobile, Chase.com, or using Zelle is before 11 pm Eastern. 

Find a nearby Chase to learn about their direct deposit policy here.

8. Chime

Chime is technically not a bank but instead a financial technology company. It has your accounts backed by either The Bancorp Bank or Stride Bank and is insured up to $250,000 through its partners.

Chime’s online checking account offers no monthly fees, no minimum balance fees, and no overdraft fees.  You’ll also get access to over 60,000 fee-free ATMs at stores like CVS Pharmacy, Walgreens and convenience stores like 7-Eleven.

The Bancorp ABA routing number is 031101279

The Stride Bank, NA. ABA routing number is 103100195

What Time Does Chime Direct Deposits Hit?  

Chime direct deposits the funds in your account by 9 am Eastern. If your employer and their bank process the transaction fast, you can potentially get your direct deposit up to two days earlier.

Find a nearby Chime ATM to withdraw your direct deposit here.

9. Citibank

Citibank has over 720 branches in the US, more than 65,000 ATMs worldwide. In addition, the Citibank mobile app offers online banking and services for your credit card and unexpired debit card

What Time Does Citibank Post Direct Deposits?  

Citibank direct deposits the funds in your account, generally between 12 am, and 7 am on the business day your employer makes the transfer. Have you or your employer complete the Citibank direct deposit forms to start the process.

Find a nearby Citibank to learn about their direct deposit policy here.

10. Citizens Bank

Citizens Bank is the 13th largest bank in the US, with over 1,000 branches across 11 states and more than 3,100 ATMs. It offers financial services, including banking, savings, lending, wealth management, foreign exchange, and more.

What Time Does Citizens Bank Post Direct Deposits?  

Citizens Bank direct deposits the funds in your account generally between 3 am, and 6 am Eastern time when your employer sends the funds. Click here to learn how to set up direct deposit at Citizens Bank.

Find a nearby Citizens Bank to learn about their direct deposit policy here.

11. Comerica Bank

Comerica Bank has over 590 branches in Arizona, California, Florida, Texas, and Michigan. It offers checking, home loans, credit cards, mobile banking, online banking, boat loans, online brokerage, and insurance for mobile homes, condos, boats, and ATVs. 

What is the Comerica Direct Deposit Times?  

Comerica direct deposits the funds hit your account before 10:30 pm Eastern on the same business day it’s posted (or midnight ET for California customers). The funds will be available the next business day if the transfer is completed after 10:30 pm ET. 

Find a nearby Comerica to learn about their direct deposit policy here.

12. Eastman Credit Union

Eastman Credit Union has 30 branches in Tennessee, Texas, and Virginia. It offers the following financial services, including no annual fee checking, savings accounts, CDs, RV loans, powersports loans, student loans, equipment loans, retirement accounts, insurance services, asset management, and more. 

Eastman has over 75 company-owned ATMs and over 56,000 Allpoint and Presto ATMs for members.

The Eastman Credit Union ACH routing number is 263177725

What is the Eastman Credit Union Direct Deposit Times?  

Eastman Credit Union direct deposits the funds in your account at the earliest cutoff time, at 3 pm Eastern. The money will be available if the deposit is made before the cutoff hour on a business day. 

Find a nearby Eastman Credit Union to learn about their direct deposit policy here.

13. Fidelity

Fidelity has 54 branches and partners with MoneyPass for over 37,000 surcharge-free ATMs. In addition, it provides the following money services: checking accounts, savings accounts, money market, CDs, IRAs, credit cards, and mortgage products.

The Fidelity Investments ABA routing number is 101205681

What Time Does Fidelity Post Direct Deposits?  

Fidelity directly deposits the funds in your account between 12 am and 7 am Eastern when an employer sends the funds. Complete the Fidelity Investments direct deposit form to start the process.

Find a nearby Fidelity to learn about their direct deposit policy here.

14. Fifth Third Bank

Fifth Third Bank has over 1,150 branches in the Midwest with more than 2,400 bank-owned ATMs and access to over 50,000 fee-free ones. It offers consumer checking with a debit card, online banking, online bill pay, savings accounts, CDs, identity theft protection with daily credit monitoring and identity theft insurance, and more.

The Fifth Third Bank ACH routing number is 042000314

What Time Does Fifth Third Bank Post Direct Deposits?  

Fifth Third Bank direct deposits the funds in your account generally the same business day it was received. The deposit must also be made before 11:59:59 pm Eastern to avoid overdraft fees. 

Find a nearby Fifth Third Bank to learn about their direct deposit policy here.

15. First American Bank

First American has over 60 branches in Illinois, Wisconsin, and Florida with over $5 billion in assets. The bank offers checking and savings account, debit and credit cards, money market, CDs, HSA accounts, IRAs, construction loans, bridge loans, digital banking, mobile wallets, overdraft protection, foreign currency exchange, wealth management, trust and estate planning, and over 55,000 surcharge-free partner ATMs 

The First American Bank ACH routing number is 071922777

What Time Does First American Bank Post Direct Deposits?  

First American Bank direct deposits the funds in your account generally between 2 am, and 5 am Eastern on a business day it’s received.

Find a nearby First American Bank to learn about their direct deposit policy here.

16. Goldman Sachs Bank (aka Marcus)

Goldman Sachs Bank, now known as Marcus, is an online bank that offers high-yield savings accounts, no-fee personal loans, and high-yield certificates of deposit. 

The Goldman Sachs Bank routing number is 1240-8526-0.

What Time Does Goldman Sachs Bank Post Direct Deposits?  

Goldman Sachs Bank direct deposits the funds in your account, generally between 1 am, and 4 am Eastern.

Find a nearby Goldman Sachs Bank to learn about their direct deposit policy here.

17. Greendot

Greendot is an online bank with over 33 million customers. It uses technology to make efficient electronic payments faster and allows people to save, send, control, and spend money. The online bank has fintech partners, including Walmart, Google, Uber, Intuit, and more.

Greendot offers mobile banking, sells debit cards in stores, payroll services, and tax services. 

The Greendot ABA routing number is 124303120

What Time Does Greendot Post Direct Deposits?  

Greendot direct deposits the funds in your account up to two days before payday with ASAP Direct Deposit. Are you waiting for government funds like stimulus money or a pension check? Government funds can arrive up to 4 days before the scheduled benefits day.

Greendot bank is open 24/7 with live customer support here. 

18. HSBC Bank

HSBC Bank has around 230 branches in the US and operates in 64 countries worldwide with over 40 million customers. It offers online and personal banking such as savings, investments, credit cards, mortgages, and loans.

The HSBC Bank ACH routing number is 022000020.

What Time Does HSBC Bank Post Direct Deposits?  

HSBC Bank direct deposits the funds in your account between midnight and 2 am after your employer deposits the money.

Find a nearby HSBC Bank to learn about their direct deposit policy here.

19. KeyBank Bank

KeyBank has around 1,200 branches and 1600 ATMs in 26 states across the US. It offers money services, including transfer funds, bill pay, send money with Zelle, credit cards, order and cash personal checks, investments, and more. 

What is the KeyBank Direct Deposit Time?

KeyBank direct deposits hit your account the same day if the wire transfer is received by 6 pm Eastern on a business day

Find a nearby KeyBank to learn about their direct deposit policy here.

20. Morgan Stanley Bank

Morgan Stanley Bank is a global financial services firm that provides wealth management, investment banking and securities, and investment management services with over 600 branches across the US.  

What Time Does Morgan Stanley Bank Post Direct Deposits?  

Morgan Stanley Bank directly deposits the funds in your account between 2 am and 5 am Eastern after the employer sends the money. 

Find a nearby Morgan Stanley Bank to learn about their direct deposit policy here.

21. Navy Federal Credit Union

Navy Federal Credit Union has over 345 branches that offer free checking accounts, savings accounts, money markets, IRAs, CDs, cashier’s checks, money transfers, money orders, credit cards, consumer loans, mortgages, investments, access to over 30,000 ATMs, and online banking.

The Navy Federal Credit Union ABA routing number is 256074974 for all states.

What Time Does Navy Federal Credit Union Post Direct Deposits?  

Navy Federal Credit Union direct deposits the funds in your account generally between 12 am, and 6 am Eastern on a business day. 

Find a nearby Navy Federal Credit Union to learn about their direct deposit policy here.

22. Northern Trust Bank

Northern Trust is one of the oldest financial institutions with over 55 branches and over $11 trillion in assets under custody. The bank provides investment management, asset servicing, and wealth management for institutions and high-net-worth individuals and families.

What Time Does Northern Trust Post Direct Deposits?  

Northern Trust direct deposits the funds in your account generally between 1 am and 4 am Eastern on the business day your employer sends the money.

Find a nearby Northern Trust to learn about their direct deposit policy here.

23. PenFed Credit Union

PenFed Credit Union has 50 branches with $25 billion in assets and over 2 million members worldwide. It offers competitive financial services for mortgages, auto loans, credit cards, savings, home equity, CDs, free checking accounts, personal loans, 24/7 online banking, free coin counting machines for members, and more. 

The PenFed Credit Union routing number is 2560-7844-6.

What Time Does PenFed Credit Union Post Direct Deposits?  

PenFed Credit Union direct deposits the funds in your account generally between 7:30 am and 7:30 am Eastern time

Find a nearby PenFed Credit Union to learn about their direct deposit policy here.

24. PNC Bank

PNC Bank has around 2,300 locations and access to about 18,000 ATMs across the US. It offers fiduciary services, wealth management and investment consulting, FDIC-insured banking services and products, and lending. Consumer money services include checking, savings, credit cards, mortgage lending, retirement advisory, free notary services for customers, auto loans, and free money orders for account holders. PNC is also a place that cashes checks without an ID for free if the check was issued from the bank and the account has sufficient funds.

See our guide on PNC Bank routing numbers and wire transfer information for each state.

What Time Does PNC Bank Post Direct Deposits?  

PNC Bank directly deposits the funds in your account between 12 am and 8 am Eastern once the employer deposits the money. 

Find a nearby PNC Bank to learn about their direct deposit policy here.

25. Regions Bank

Regions Bank has over 1,450 banking offices and over 1900 ATMs across the US. It offers checking, no-fee savings accounts, CDs, money market accounts, debit cards, reloadable prepaid, loyalty and gift cards, credit cards, mortgages, refinancing, personal loans, lines of credit, auto loans, home equity loans, student loans, online banking with bill pay, and cashback rewards. 

Regions Bank also offers secure payment solutions including Apple Pay, LG Pay, Google Pay, Samsung Pay, click to pay with Visa, and Zelle.

What Time Does Regions Bank Post Direct Deposits?  

Regions Bank direct deposits the funds in your account generally between 12 am and 3 am on a business day. The Regions cutoff times for other transactions include 4 pm for cash, 8 pm for DepositSmart ATMs, and 8 pm for mobile and online bill payments and transfers.

Find a nearby Regions Bank to learn about their direct deposit policy here.

26. Security Service Federal Credit Union

Security Service Federal Credit Union has over 65 locations in Texas, Colorado, and Utah. Financial services offered include checking and savings accounts, CDs, money markets, loans, credit cards, home loans, investment advisory, personal and business insurance, real estate agents, title company, payroll services, dree signature guarantee service, free notary services at all branches, and online banking.

The Security Service Federal Credit Union routing number is 314088637.

What Time Does Security Service Federal Credit Union Post Direct Deposits?  

Security Service Federal Credit Union direct deposits the funds in your account generally between 5:30 am and 7 am Eastern time on a business day to clear the funds. Click here to complete the SSFCU direct deposit request form. 

Find a nearby Security Service Federal Credit Union to learn about their direct deposit policy here.

27. State Employees Credit Union

State Employees Credit Union has over 270 locations in North Carolina with more than $45 billion in assets and 1,100 ATMs. 

The SECU offers the following financial service: auto loans, mortgage loans, personal loans, free credit reports, 529 Plans, IRAs, money markets, savings, checking, HSA plans, credit cards, debit cards, estate planning, trust advisory, coin redemption, free document shredding days, foreign currency, safe deposit boxes, US savings bonds, overdraft transfer service, insurance products, signature guarantee and notary services, discount theme park tickets, and more. 

The State Employees Credit Union ABA routing number is 253177049.

What Time Does State Employees Credit Union Post Direct Deposits?  

State Employees Credit Union direct deposits the funds in your account by 5:30 pm Eastern on business days, except Saturdays, Sundays, and federal holidays.

Find a nearby State Employees Credit Union to learn about their direct deposit policy here.

28. Sutton Bank

Sutton Bank is a community bank with eight branches connected to the business and agriculture community in Ohio. They offer business loans for equipment and agriculture loans for livestock, leasing, real estate, working capital, and more. Its digit banking services include a mobile wallet, eStatements, mobile check deposits, and online bill pay.

The Sutton Bank routing number is either 041208777 or 041215663

What Time Does Sutton Bank Post Direct Deposits?  

Sutton Bank direct deposits funds hit in your account by 8 pm ET on the paycheck date. The funds will be available as long as the payroll is deposited two banking days ahead of the paycheck date. 

Find a nearby Sutton Bank to learn about their direct deposit policy here.

29. Synchrony Bank

Synchrony Bank, formerly known as MetLife Bank and GE Capital Retail Bank, has around 90 years of history and over 68 million active customer accounts. It has over $62 billion in deposits in FDIC-insured IRAs, CDs, savings accounts, and money market accounts.

The Synchrony Bank ABA routing number is 021213591.

What Time Does Synchrony Bank Post Direct Deposits?  

After the money is deposited, Synchrony Bank directly deposits the funds in your account between 2 am and 5 am.

Find a nearby Synchrony Bank to learn about their direct deposit policy here.

30. TD Bank

TD Bank has over 1,200 branches along the east coast with over 700 ATMs that dispense $5, $50, $100, and $20 bills

The TD Bank branches offer online banking, student banking, cross-border financial services, foreign exchange, overdraft protection, personal banking, small business banking, commercial banking, and investing services. 

What Time Does TD Bank Post Direct Deposits?  

TD Bank direct deposits the funds in your account by 6 am Eastern on the business date of your deposit, except weekends and holidays. 

Find a nearby TD Bank to learn about their direct deposit policy here.

31. Truist (formerly BB&T and SunTrust)

Truist is the seventh-largest commercial bank with around $400 billion in deposits. They service around 10 million households in 17 states. The financial products and services offered at Truist include interest-bearing checking, savings accounts with no minimum balance, money markets with unlimited withdrawals, CDs, investing, and retirement.

What Time Does Truist Post Direct Deposits?  

SunTrust direct deposits typically post between 12 am and 6 am EST. They will post the funds to your account on the business day the bank receives the deposit from your employer. 

Find a nearby Truist to learn about their direct deposit policy here.

32. UnionBank

UnionBank has around 400 branches in California, Oregon, and Washington. It offers a fee-free checking account, savings, money market, CDs, online and mobile banking, home refinancings, education savings accounts, insurance services, SBA loans, payroll services, 401k plans, merchant services, trust services, and more. 

Its digital wallet offering makes it easy to make purchases with your Union Bank credit card and debit card wherever Google Pay, Apple Pay, and Samsung Pay are accepted.

The Union Bank ABA routing number for wire transfers is 122000496.

What Time Does UnionBank Post Direct Deposits?  

Union Bank direct deposits the funds in your account at generally between 2 am and 5 am Eastern. 

Find a nearby Union Bank to learn about their direct deposit policy here.

33. USAA 

USAA offers diversified financial services to members of the US military, veterans, and their families who serviced.

The USAA financial services include checking, bill pay, early direct deposit, reward credit cards, cash back credit cards, low-rate credit cards, auto loans with no prepayment penalty, get preapproved for a mortgage online, CDs, youth banking, mobile banking, boat loans, motorcycle loans, and RV loans.

It has over 60,000 USAA-preferred ATMs nationwide and will refund you up to $15 per month if you use an out-of-network ATM. 

The USAA ABA routing number is: 314074269.

What Time Does USAA Post Direct Deposits?  

USAA direct deposits the funds in your account at least one business day before your scheduled payday. It’s subject to your employer sending your payment details ahead to USAA.

Find a nearby USAA to learn about their direct deposit policy here.

34. US Bank

US Bank has over 2,000 branches in 26 states and over $560 billion in assets. The primary financial services offered include consumer and business lending, consumer banking, fleet cards, global payment processing, freight payment services, equipment financing, trust services, specialty asset management, and 24-hour customer service. 

What Time Does US Bank Post Direct Deposits?  

US Bank direct deposits the funds in your account by 11 am Eastern on the date provided by the employer. 

Find a nearby US Bank to learn about their direct deposit policy here.

35. Wells Fargo

Wells Fargo has over 7,200 locations and 13,000 ATMs operating in 31 countries. It serves about one out of three households in the US. 

It offers financial services, including banking, investing, credit card, personal banking, small business and commercial banking, and mortgage lending.

See our guide on how to find the Wells Fargo routing numbers and wire transfers online.

What Time Does Wells Fargo Post Direct Deposits?  

Wells Fargo directly deposits the funds in your account, generally between 4 am and 6 am when your employer sends the money. 

Find a nearby Wells Fargo to learn about their direct deposit policy here.

36. Woodforest National Bank

Woodforest National Bank has more than 735 branches in 17 states with over 850 24/7 ATM access. 

The bank offers financial services including checking savings, loans, overdraft services, insurance, investment advisory, debit cards, merchant services, federal tax payments, card services, fax services for $2 per page, and money orders cost $2, get photocopies for $1 per page, safe deposit boxes, traveler’s checks, wire transfers, temporary personal checks, coin counting wrappers, online banking, and mobile banking.

What Time Does Woodforest National Bank Post Direct Deposits?  

Woodforest National Bank direct deposits the availability of funds in your account the same business day if deposited before 9 pm Eastern. In addition, they make the funds immediately available on the day your employer sends the direct deposit funds to your bank.

Find a nearby Woodforest National Bank to learn about their direct deposit policy here.

Is Direct Deposit Safe?

Generally, direct deposits provide more safety than paper checks. That’s because money is directly paid to your account without exposing your bank details every time.

Remember that paper checks carry sensitive banking details like your account number and routing number. If your payroll check is lost or stolen, a fraudster can cash it at 24-hour check-cashing stores or use it to make fraudulent purchases and get cash back at stores that give the most cash back. Setting up a direct deposit is a form of fraud prevention.

It helps by getting involved in the process so your bank details don’t get stolen by untrusted third parties who can use such details against you. You should also make sure to provide the correct information, like the routing number and account number, so that your hard-earned money doesn’t end up in the wrong place.

Typing or writing down required details like your bank’s name, address, routing number, and account number incorrectly may result in costly errors. A better way is to provide a voided check to your employer so they can enter details directly from the check to minimize the margin for errors.

What Are the Benefits of Direct Deposit?

Direct deposits come with several benefits to the payer and the payee, including:

  • Convenience: No extra trips to 24-hour check cashing places and banks or longer wait time for funds to clear. Direct deposits clear faster than paper check deposits, and you can access your funds almost immediately after the issuer releases the funds.
  • Safety: Direct deposits are more secure than paper checks. The risk of having your payroll check lost or stolen is eliminated. Again, you don’t have to print paper checks and drive to the bank to cash them.
  • Slashes payroll costs: The employer doesn’t have to incur the time and money associated with processing payroll and mailing paper checks.
  • Direct your funds: You can divide your paycheck to be deposited directly into the correct accounts. That can help you stay on top of your savings and bills because the money is remitted before it hits your checking account.
  • Access your finds earlier: It’s a perk that most online banks use to reward customers who set direct ACH deposits. As a result, you can have your money as early as two days before the scheduled payday.
  • Avoid monthly fees: Banks require that you deposit a certain amount per month, charge a minimum number of debit card transactions, and maintain a minimum daily balance. A direct deposit does the heavy lifting for you so that you don’t have to worry about getting hit with monthly maintenance fees on your checking account.
  • Inexpensive payment transactions – Businesses use ACH, or eChecks, to save money transferring money to you and not deal with the hassles of paper checks. For example, places that sell used electronics, like BuyBackWorld, uses ACH direct deposit for your stuff. Other examples of companies that pay with eCheck include online consignment shops, places to sell vinyl records online, sell antiques online, selling on Poshmark fast, and legit mystery shopping companies.
  • Convenient monthly subscriptions – It’s a more efficient use of your time to set up automatic monthly withdrawals from your checking account for monthly subscriptions and services. For example, setting up an automatic ACH every month for a cheap gym membership like Planet Fitness, cheap massage deals with a membership, or monthly payments after buying a car from a dealer.

How To Setup a Direct Deposit?

Setting up direct deposits is a straightforward process that only takes three steps, shown below:

1. Request a direct deposit form from your employer

The first step is to request and complete your employer’s direct deposit form. You can also download the form directly from your bank’s website. In addition, social security beneficiaries can sign up for direct deposits from the GO Director or the US General Service Administration.

2. Enter your personal and account details

Complete the form with the required information to set up direct deposit, including your name, account number, bank’s routing number, bank address, and Social Security Number (SSN).

Some forms may require you to specify whether yours is a checking or savings account, while certain employers or banks require you to attach a voided check to verify your details.

3. Sign & submit the form

Finally, sign the form and hand it over to your employer. Then wait for your employer to process your request. Depending on how faster your request is processed, it may take a few to several weeks for direct deposits to go into effect.

Frugal Reality Tip: Avoid sending sensitive information like your account number and routing number via email or mail during the setup process. To avoid sensitive details from spilling over to untrusted third parties, get involved in the process and handle it one-on-one with your employer or authorized personnel at the company.

Do Direct Deposits Hit on Sunday?

Unfortunately, direct deposits won’t hit on Sundays, weekends, or during federal holidays. It’s because the Federal Reserve System is closed during weekends and holidays, and the ACH network doesn’t settle payments during such times. That applies to both direct deposits and bill payments.

Thus, you can expect direct deposits to hit Monday through Friday, but not on weekends or holidays. If your payday coincides with a weekend or holiday, your employer will most likely release funds a day earlier. Otherwise, you’ll have to wait until Monday or the next business day.

How Long Does Direct Deposit Take the First Time?

Once the setup is complete, a direct deposit doesn’t take long to clear the first time. After that, the process is usually quick, and you can expect to access the funds within one to three days. Sometimes, it may go up to five days, depending on who is sending the money.

Most employers initiate the payment process a few days earlier than the scheduled payday to speed up the process. Thus, you can have direct deposits hit your account at midnight before your payday or the same business day between 12 am and 6 am. Mostly, funds will be accessible the next business day after the payer authorizes payment.

How Long Does it Take to Reject a Direct Deposit?

It takes five to seven days or seven to ten days to reject a direct deposit and send the money back to the payer. The banks’ policy determines the exact time frame. Once a direct deposit is canceled, the funds will be returned to the sender.

If you or your employer mistype direct deposit details during setup, there’s a possibility of the money going to the wrong place. This may also happen when you close your old checking account, and your employer sends money into it before the payroll details are updated.

The company will not issue a new payroll check or send another direct deposit until the funds are returned. Company policies may also prevent you from getting paid until the next payroll date, even after the money has been returned.

To avoid all the hassles, you should first cancel direct deposits before canceling your checking account. Then, submit new account details early enough before the next payroll date. 

Companies require employees to present cancellation details early because direct payroll deposits are usually initiated several days or weeks before the scheduled payday. It helps avoid delays in receiving your earnings or instances of the funds being sent to closed accounts.

What Time Does Unemployment Direct Deposit Hit Your Account?

Unemployment direct deposits hit your savings or checking account two to three days after each weekly certification. The payments usually hit the first, second, or third Wednesday of every month. 

Since funds are transferred electronically through an ACH network, they don’t require further bank holds. Thus, money will post overnight and be available the next day after the payment date. Money will be available for use on the morning of the due date, though the exact time may vary from state to state.

That said, weekends and federal holidays will affect when money goes on a Reliacard. You can have money deposited one day before the holiday or delayed by one or two days, depending on whether the payment schedule coincides with a weekend or a holiday.

What are Direct Deposit Alternatives?

If you don’t have a bank account, direct deposits won’t work for you. For instance, over 22% of American households are unbanked. That’s about 55 million adult Americans without bank accounts. They probably get paid through a paper check, which can be risky at times. So if you belong to an unbanked camp, you need a convenient mode of electronic payment to secure your paycheck.

With the advent of the internet and cutting-edge technology, great alternatives to direct deposits have emerged, including:

  • PayPal
  • Venmo
  • Prepaid debit card

Direct Deposit Times Hit Summary

Knowing the exact date and time when you get paid can help you plan and sidestep much of the financial stress that comes with waiting for a paycheck. Unlike paper checks that require extra trips to the bank, delayed clearing, and the risk of fraud, direct deposits come with added security and help expedite the payment process.

The time direct deposits hit your savings or checking account varies based on when the payer initiates the payment and how long the ACH network takes to clear payments.

Generally, you can expect direct deposits to hit within 1-3 business days after your employer has released the funds. However, individuals with online bank accounts may receive their paycheck up to two days before the scheduled payment date as one of the perks for setting direct ACH deposits.

Mostly, banks have same-day or next-day direct deposits times. Usually, money will be in your account between midnight and 6 am on payday. Thus, you can access it early in the morning on payday before going to work.

Unemployment direct deposits are usually paid 1-3 days after the weekly certification. Typically, money goes onto your Reliacard on the first, second, or third Wednesday each month, with a few variations from state to state.

That said, the ACH network doesn’t process direct deposits on weekends and holidays. So you shouldn’t expect direct deposits to hit on Sundays. Instead, allow a delay of one or two business days if your payment schedule coincides with a weekend or a holiday.

If you don’t have a bank account, you can opt for direct deposit alternatives like PayPal, Venmo, or prepaid debit cards.

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