If you are facing a tight time financially, there will be months when receiving your paycheck even a little bit earlier will offer some much-needed relief. The good news is, there are several ways to make this happen — although they are not all created equal.
One avenue is online paycheck advances, which a “growing number of Americans who need cash before their next payday are tapping,” said The New York Times. But these advances carry fees. Another option is early direct deposit; if you have a bank account at an institution that offers it, this choice “allows you to get paid up to two days early — or in some cases, even earlier, depending on the type of deposit,” said Experian. Plus, there are no fees involved.
What is early direct deposit?
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How is it different than online paycheck advances?
Where can you access early direct deposit?
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