Banking Early Paycheck
Access your paycheck, up to 2 days sooner.
Set up direct deposit to automatically get your paycheck up to two days early every time you get paid.1 Once the money hits your account, you can start paying bills earlier, saving earlier, investing earlier, and more.
Open an account
How to get paid early with direct deposit.
Set up Direct Deposit from your Employer..
Enjoy early payday, automatically.
Open an account
Benefits of getting your paycheck early.
-
Pay bills on time and avoid late fees.
-
Cover unexpected expenses without stress.
-
Take control of your cash flow.
How early direct deposit works
SoFi’s early-paycheck program posts ACH transactions when it receives notification of incoming funds from the transferring institution. The money in the account starts earning interest as soon as it’s posted. There’s no minimum direct deposit amount required to earn interest.
FAQs
All you need to do is set up direct deposit to your SoFi Checking and Savings account. Note that most employers take a few weeks to set up a new direct deposit, so set it up today!
Yes! Your money will start to earn interest as soon as it is posted to your account.
You can access your paycheck as soon as it’s posted to your account.
Yes! Set up account alerts by navigating to the Notification Settings in the SoFi mobile app.
SoFi early direct deposit is usually available at the start of business on your payday or even earlier between midnight and 6 AM. Note the exact timing ultimately depends on your employer or payroll service provider.
Click here to see how to set up direct deposit.
In addition to early paycheck, members with eligible direct deposit get no-fee Overdraft Coverage2, our highest APY3, plus a checking account bonus of $50 or $300 with an eligible direct deposit of $1,000 or more4. Terms apply.
Note that not everyone is paid two days early, that the exact timing ultimately depends on your employer or payroll service provider. Chat with us if you still think there might be issues.
To qualify for Early Direct Deposit we require $1,000 or more in direct deposits every 31 days.
Qualifying direct deposits that are eligible for early pay have to be recurring, which include:
• Paychecks from your employer, payroll provider or benefits provider.
• Government disbursements, such as Social Security, retirement, or unemployment benefits.
• Non-recurring deposits (e.g. IRS tax refunds) are not eligible.
