How faster direct deposit works for you

So you've probably heard that with Current you can receive your paycheck up to two days faster than with a traditional bank with direct deposits (Oh and if you haven't, consider this your notice!). And you may be wondering, what difference does two days make in getting paid? Or, how do I make this happen? Maybe even, how is that possible?

Well, they're all good questions and lucky for you, we've got good answers! We'll start with how it helps you.

1. What are the benefits to getting your paycheck faster?

First, you've earned that money so why shouldn't you have it sooner? We believe in getting our members their hard-earned cash as soon as we can. It's YOURS. When your paycheck hits your account sooner, you can rest easy knowing your funds are already in place when the monthly rent is due, or when it's time to pay the electric bill. But with faster direct deposits, those days can be numbered. (As well as the days of paying overdraft fees!)

There's also no need to wait until Saturday to do the grocery shopping or spend on any of life necessities because payday is now Wednesday instead of Friday. Give yourself the flexibility to then spend your weekend however YOU want. You've worked hard for that paycheck, you deserve it.

Maybe you pick up an extra shift at work knowing if you work one more day that week you can have even MORE to spend even sooner. But whatever your reasons, whenever was having your hard-earned money sooner a bad thing?

2. How do I sign up for direct deposits and receive my paycheck up to two days faster?

In order to receive your paycheck faster, you must be signed up for a Current Premium Banking Account and signed up for direct deposits. You can sign up for direct deposit through the Current App in a couple different ways, depending on how your employer processes payroll. If this is all new for you, we've broken it down in a few easy steps:

3. How does Current deliver my paycheck faster than traditional banks?

Totally a natural question to have! Bottom line is that payroll is all submitted the same way, we are just crediting your account sooner because we believe in delivering YOUR money to you as soon as possible.

But here's how it works in a nutshell:

Payroll is submitted: Your employer submits payroll files to the Federal Reserve with details on how much and when each employee will be paid.

Info comes to Current: The Federal Reserve then sends that information to Current (and any other financial institutions) to tell us how much money should be deposited into your account and when.

Current credits your account immediately: Most financial institutions hold onto the funds until the employer-specified date to credit your account. But not us! As soon as we receive the files, we make the money available to you, which can be up to two days faster.

There are plenty of good things in life worth waiting for, we just don't believe your money should be one of them.


Banking services provided by Choice Financial Group, Member FDIC. The Current Visa Debit Card is issued by Choice Financial Group pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted.