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A direct deposit can take anywhere for a day to 3 days. This all depends on the back and what amount the check is.
Friday November 30th
Fridays is the day they DD
Last friday of the month
At approximately 2am on the day it is scheduled to post.
yes but its a mystery what time that day your money will be on it
I don't think an employer can delay mailing your paycheck, but in my experience, the check arrives one day later than a direct deposit is made.
Maybe never. Our politicians are crooks and the state is broke.....
no! its a unicorn
I tried to transfer from checking to savings (my direct deposit hits my checking) and got code 9203. Called Chase and the nice guy told me because my account was overdraft when my DD hit that I could not transfer till after midnight - that it takes a full day to clear the overdraft. I can transfer then and prevent the 9203 code.
NOTE: Your employer or authorize agency must have an agreement with the bank in order to do direct deposit. Your employer and/or an authorize agency can make a direct deposit into your account. You have to go to your employer or authorize agency that pays u money and give them a voided check and give them permission to direct deposit you salary/income into the your account. Every time you personally make a deposit into your account, it is directly deposited into the account. However, most banks will make you wait until the next day to actually make a cash withdrawal. You cannot make a regular deposit look like a direct deposit because direct deposit usually come from an employer that electronically transmits your salary info only to the banks that they have an agreement with.
There are many great benefits using direct deposit. The care-free feeling of not having to make a trip to the bank and wait in line every week. Some people that get money this way get the money a full day in advance vs. the day they got their paper check delivered. An overlooked but equally beneficial consequence of using direct deposit is people usually are able to keep more money in the bank.