Payday is always a good day and having access to your paycheck up to two days early¹ can help reduce holiday season stress. When you pair your direct deposit with a Travis Credit Union Free Checking² Account, gift shopping becomes a breeze. In this blog, we will discuss how you can use a Free Checking Account with direct deposit to receive your paycheck up to two days earlier.
What Does It Mean To Get Your Paycheck Early?
Direct deposit is a fast and convenient way to receive your paycheck automatically, so you can avoid trips to your local credit union to deposit your paper check. At Travis Credit Union, having direct deposit with your Free Checking Account gives you access to an early payday. That means you could receive your direct deposit up to two days before your scheduled payday.
This early deposit will depend on the availability of your employer’s payroll information, as well as other terms and conditions. An early payday lets you pay bills sooner, so you don’t have to worry about missing due dates and incurring late fees.
Why Is an Early Payday Helpful During the Holidays?
Receiving your paycheck a couple of days earlier during the holidays gives you a head start on your budgeting. It lets act quicker on purchases and on other money decisions. According to Bankrate.com, most holiday shoppers prefer credit cards, but if you get paid early, you can use cash instead and avoid interest charges.
Also, if you have a long shopping list, the early payday lets you purchase items before they are sold out. This lets you get your shopping done sooner, which can reduce stress and let you enjoy the season even more.
How Can You Use Free Checking To Stay on Budget?
Having your paycheck deposited automatically into your Free Checking Account is a solid first step to sound money management. For starters, you’ll have funds available sooner to pay bills, buy groceries, pay for entertainment and more. Because your money is in a checking account, you have several ways to pay. You can use your debit card, write a check, use a mobile wallet or get cash at an ATM.
Additionally, your Free Checking Account gives you access to TCU’s digital banking, where you can view all your account information online at any time. With digital banking, you can schedule transfers to and from other accounts, pay bills, set up email and text alerts for account transactions, make person-to-person payments with Zelle®³ and do other things. For example, you can set up automated transfers from your checking account to a holiday savings account, so you can easily save for next year’s holidays.
Plus, for those times you need to make non-payroll deposits, the TCU mobile app lets you deposit paper checks directly with your smartphone. This saves you a trip to the branch or ATM and gives you more peace of mind that you won’t forget to make the deposit. A Free Checking Account with direct deposit is a smart money tool that makes it easy and convenient to manage your cash flow. Open your Free Checking today at traviscu.org.
How Can Travis Credit Union Help?
Travis Credit Union is focused on your financial wellness. From Free Checking accounts and credit cards to home loans and auto loans, TCU is focused on your financial wellness. For example, use our free Knowledge Base platform to learn about an array of money-related topics that can help you plan, save, spend and borrow better.
Open your Travis Credit Union Free Checking Account with direct deposit and get paid early every payday!
- Early posting is not guaranteed and is dependent upon individual’s payroll. Subject to receipt from originator and other terms and conditions.
- No monthly maintenance fees apply to the Free Checking Account. Fees such as overdraft, ATM, stop payment and other fees may still apply. See the fee schedule for all potential fees.
- Zelle and the Zelle-related marks are wholly owned by Early Warning Services, LLC, and are used herein under license. Transactions typically occur in minutes when the recipient’s email address or U.S. mobile number is already enrolled with Zelle. Must have a bank account in the U.S. to use Zelle. In order to send payment requests or split payment requests to a U.S. mobile number, the mobile number must already be enrolled with Zelle. Data charges may apply. Check with your mobile phone carrier for details.