Banks With Early Direct Deposit – How Can You Get Paid Early?

By Schuyler Durham
early direct deposit

Old or young, rich or poor — we all look forward to payday. It’s a great feeling when that money lands in your account and you know that your expenses are covered for another pay period. But did you know that you could be delaying that satisfying moment?

Some banking institutions, like MoneyLion, offer early direct deposit. Taking advantage of this feature ensures that you cut down on delays and get your money as soon as possible.

Get Paid Up to 2 Days Early With RoarMoney

Bumping up your payday by up to two days is easy with a RoarMoney℠  account. Really, all you need to do is set up a direct deposit with your employer. You’ll need your RoarMoney account and routing numbers handy to do this. If you have government income (or expect a stimulus check as part of COVID relief bills), you can link those payments to your RoarMoney account using the IRS’s Get My Payment website. If another round of stimulus checks go out, you’ll get your payment up to two days before many others. 

By the way, if you’re struggling to find the direct deposit form at your work, MoneyLion has you covered with a direct deposit form you can print, fill out, and bring to your work’s human resources department. 

You can also use the MoneyLion app to set up direct deposit. Open the Finances tab and tap the More button. You’ll find “Manage direct deposit” under the RoarMoney menu.

Use Instacash When You Need It

Two days early might not always be early enough. If you need some cash to hold you over until payday, you might consider Instacash℠  from MoneyLion. 

These small advances are available for RoarMoney customers and they give you instant access to as much as $250. 

Not only do you get immediate access to those funds, but they come with no strings attached — 0% APR and no monthly fees. In fact, the only fee you might pay is if you choose expedited delivery of the funds. If you need money before payday, but you don’t necessarily need it right now and can wait a couple of days for the funds to arrive in your account, you could end up with a fee-free, no-interest advance.

RoarMoney Banking Perks

Early paydays and Instacash are great, but those only scratch the surface of the benefits of banking with MoneyLion. Here are a few other perks worth noting.

Debit Card Rewards – Shake ‘N’ Bank

Most banks think you should be content with having the right to use a debit card, but MoneyLion rewards you for using your MoneyLion debit card. The program is known as Shake ‘N’ Bank℠ , and essentially, it sends an instant reward to your phone every time you spend at least $10 with your debit card or virtual card.

This charge can be made on either your contactless debit card or your virtual debit card. After the purchase, you’ll get a mobile alert asking you to shake your phone. Shake it to reveal your reward, which could be worth as much as the entire value of your recent purchase (up to $120).

Free Budget and Spending Tracker

MoneyLion also helps you keep an eye on your overall financial health with its Financial Heartbeat service. This tool is integrated into the MoneyLion app, and it automatically tracks vital financial information like your spending habits, credit score, and more. The Financial Heartbeat boils all that information into a single number that falls on a simple 1–10 scale. A “1” means you’ve got a lot of work to do, and a “10” means you couldn’t possibly be doing better.

Secure Banking

For those who are new to mobile banking, it might seem unnerving to enter sensitive information online, but it’s actually incredibly safe. RoarMoney is FDIC insured. And MoneyLion uses TLS security technology that keeps your information safe as it travels through the internet. MoneyLion also has a dedicated security team that works around the clock to identify security threats and protect your accounts.

Price Protection

We’ve all experienced buyer’s remorse before. You buy something in a whirlwind of excitement, but you soon realize you could’ve gotten a better deal if you had gone to a different store or waited for a sale to kick in. That’s why RoarMoney comes with Price Protection for purchases made with your MoneyLion Debit Mastercard or virtual card. As long as you spot the better deal and contact Mastercard within 90 days, you may be eligible to get a cash refund for the price difference.

Options to Grow Your Financial Health

So far, all the perks we’ve covered come with a RoarMoney account, but that’s just one account MoneyLion has to offer. Once you feel settled into your mobile banking account, you may want to branch out to MoneyLion’s Auto Investing accounts and Credit Builder Plus

Auto Investing lets you put your money to work for you without forcing you to choose between stocks and bonds. It’s all automated, so just sit back and watch your money grow. There are no minimums and no asset-based management fees.

Credit Builder Plus Loans are designed to improve your credit score and help you save. Membership costs $19.99/month and includes access to several features. Learn more here.

Sign Up Now and Get Your Paycheck Sooner

If you’re tired of waiting unnecessarily long to get your paychecks, you can sign up for a RoarMoney account right now. 

The process takes just minutes to complete, and all you need is basic personal information about yourself (so MoneyLion can verify your identity). Once you’re ready, download the MoneyLion app or visit MoneyLion’s website to start the process of signing up for RoarMoney

As soon as the process is complete, you can link your your other bank accounts in the app for easy transfers, add your virtual debit card to your phone, and — most importantly — set up a direct deposit with your employer so your next paycheck lands in your RoarMoney account up to two days early.

Sign Up
Sign Up

Get paid up to 2 days early

Open a RoarMoney account to bank with no minimums, no hidden fees, no BS! And you'll love the perks like a contactless debit card, cashback, and fraud protection.

Sign Up