Gone are the days of the paper paycheck (at least for most employees). Many of us now enjoy the convenience of direct bank deposit to receive paychecks, government benefits, and tax returns. Continue on to learn more about direct deposit, including how it works, the benefits of using it and, most importantly, when you can expect your direct deposit to hit your bank account. The Wells Fargo direct deposit time, the Bank of America direct deposit time, and more are listed.

In This Article

What Is Direct Deposit?

Direct deposit occurs when an employer, government agency, or other party provides instructions for their financial institution to digitally deposit funds directly into your bank account on a specific date. Direct deposit eliminates the paper check and the need to make a trip to the bank to deposit funds. Once the funds hit your bank account, they are available to you.

To set up direct deposit, your employer or other payer will ask you to enroll in direct deposit, which usually involves filling out a direct deposit form and providing your bank name and address and your account number and routing number. You may also be asked to provide a voided check.

If you’re worried about just when one check will deposit, consider checking out our article: How Long Does It Take for a Check to Deposit, Clear? Top 50 Banks Listed

What Are the Benefits of Direct Deposit?

Direct deposit offers many benefits:

  • You won’t have to worry about your check getting lost, stolen, or damaged.
  • You won’t have to make constant trips to the bank to deposit your check.
  • You won’t need to visit your place of employment to pick up your check or wait for it to arrive in the mail.
  • You have control over where your paycheck goes. You can even divide the funds into multiple accounts, if you wish.
  • You get immediate access to your money as soon as it hits your account.

Direct Deposit Times, by Bank or Credit Union

When can you expect the funds to hit your account through direct deposit? Does direct deposit go in at midnight? We spoke to the following banks to find out the exact time frame you can expect a direct deposit to post to your account.

Note: Payroll companies like ADP, while they are responsible for disbursing funds to financial institutions for direct deposit, the specific banks/credit unions determine when the funds are posted to accounts.

1. Bank of America

2. BECU

  • When does a direct deposit hit your account?: According to a customer service representative, direct deposits will post to your account early in the morning they receive the file, usually between 12 AM – 2 AM (PST).
  • Learn more about direct deposits at BECU.
  • Contact BECU
  • Find a BECU branch

3. BB&T

  • When does a direct deposit hit your account? According to a customer service representative, direct deposits will post to your account on the date indicated by your employer between 12 AM – 6 AM (EST).
  • Learn more about direct deposits at BB&T.
  • Contact BB&T
  • Find a BB&T branch

4. Capital One

5. Chase

6. Citibank

  • When does a direct deposit hit your account?: According to a customer service representative, direct deposits are posted on business days as soon as the deposit is sent to them by your employer. Typically, they are posted between 12 AM – 7 AM.
  • Learn more about direct deposits at Citibank.
  • Contact Citibank
  • Find a Citibank branch

7. Citizens Bank

8. Fifth Third Bank

9. Navy Federal Credit Union

10. PenFed Federal Credit Union

11. PNC Bank

12. Security Service Federal Credit Union

13. State Employees Credit Union

  • When does a direct deposit hit your account?: According to a customer service representative, direct deposits get processed during nightly processing, but those times can vary. However, the funds must be scheduled by the company by 5:30 PM (EST) in order to processed overnight.
  • Learn more about direct deposits at SECU.
  • Contact SECU
  • Find a SECU branch

 14. SunTrust Bank

15. TD Bank

  • When does a direct deposit hit your account?: Direct deposit funds will be available to use no later than 6 AM on the date of your deposit. If you’re anticipating a payroll deposit and your paydays are Fridays, for example, you can expect to receive the funds by 6 AM (EST) on Friday of your pay week. This information was verified by a customer service representative.
  • Learn more about direct deposits at TD Bank.
  • Contact TD Bank
  • Find a TD Bank branch

16. U.S. Bank

17. Wells Fargo

In Summary

There are many benefits of direct deposit — from convenience and efficiency to safety and security. While you will find slight differences regarding each bank’s direct deposit times, you can always expect your funds to be available on the same day they hit your account.

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