Banks that offer early direct deposit typically have restrictions on the types of direct deposits that qualify. What Is Early Direct Deposit?Įarly direct deposit is a feature offered by some banks that offers access to direct deposit funds up to two days before the processing of the transaction.
The payer, like your employer, initiates an electronic payment deposited into your bank account rather than issuing a paper check. A direct deposit is simply an electronic funds transfer through the ACH Network.
