Direct deposit is the fastest bank transfer out there. The times from one institution to another can be variable, in Takecareofmoney we are going to tell you.
Direct deposit is the fastest transfer that can be done in banking. The times may vary according to the financial institution that is participating and the type of transaction that is being carried out, whether it is national or international.
While direct deposit used to be a benefit enjoyed by only a few, it is now a tool available to most bank account holders in the United States, regardless of the financial institution to which they belong.
Direct deposits arrive directly to your bank account at a certain time , however, times may be different from one institution to another. In some cases, it even has to do with hours and even delay times can be converted into days so that you can see the transaction reflected in your balance.
Generally, domestic direct deposits are instant, which means that they are paid on the same day, however, the time it takes to receive this money will depend on who is sending the money and from where.
Do you know what are the times that each bank handles?
In Take Care of Money we will talk about how long each of the most important financial institutions in the United States can take to make a direct deposit.
- Axos Bank: The deposit can arrive up to two days before the scheduled date.
- Bank of America: The same day the transfer is made.
- Becu: Instantly after the direct deposit is made.
- Capital One: Instantly after the direct deposit is made.
- Chase: Between 3:00 am and 5:00 am the day after the deposit is sent.
- Citi: Between 12:00 am and 7:00 am.
- Citizens Bank: As soon as the bank receives the deposit on business days.
- Fidelity Bank: As soon as the bank receives the deposit on business days.
- TD Bank: The same day the deposit is received.
- US Bank: At 8 am PST on the day of payment.
- Wells Fargo: The deposit can arrive up to two days before the scheduled date.