This Online Bank Account Can Help You Get Your Paycheck Up to 2 Days Early

calendar with marker and circled day of salary
ronstik/Getty Images


“The fact that I’m paid on Wednesday versus Friday… helps me budget before the weekend even starts,” explains Samuel Demeny.

He uses direct deposit, and his company technically pays everyone on Fridays. But he has a secret weapon that gets him access to that cash two days earlier than his co-workers.

This Online Bank Account Makes Payday Come Sooner

Earlier this year, Demeny switched to an online bank account with Chime, and he says the early payday feature helps him plan ahead for the weekend “without overspending” on activities as soon as he gets his paycheck.

Unlike most financial institutions, Chime doesn’t wait to give you access to your money until your pay date.

It adds money as soon it receives notification of the transaction from your employer and immediately posts the funds to your account.

That means you’ll get your paycheck early, though not everyone is guaranteed the two-day head start Demeny has. That depends on your employer and its financial institution.

We talked to another Chime account holder, Lee Best, who switched to Chime and gets his paycheck one day ahead of his co-workers — on Wednesday instead of Thursday.

Every little bit helps, right?

Best opened a spending and savings account with Chime on a co-worker’s recommendation. He’d been venting over the proverbial watercooler about his existing bank, and the co-worker suggested the company, which Best had never heard of.

“He spoke so highly of Chime and his experience with them,” Best says, “I decided to check them out. I have been highly satisfied ever since!”

Want to get a jump on payday? Opening a Chime account is free and only takes about five minutes.

Dana Sitar ([email protected]) is a senior writer/newsletter editor at The Penny Hoarder. Say hi and tell her a good joke on Twitter @danasitar.

Do you think this article might help you put more money in your pocket?Thumbs UpThumbs Down