We’re excited to announce a fantastic new addition that will make managing your finances even smoother: Early Direct Deposit! Starting today, Envelope users can set up direct deposit to automatically receive their paychecks up to two days early, every time they get paid.
Imagine the possibilities! With Early Direct Deposit, as soon as your paycheck hits your account, you can:
Pay bills earlier: No more waiting around for payday to cover those due dates.
Save earlier: Boost your savings goals by getting a head start.
Spend smarter: Enjoy the flexibility of having your funds available when you need them.
Setting up direct deposit is simple and instructions can be found here.
*Early access to direct deposit funds depends on the timing of the submission of the payment file from the payroll provider. We generally make these funds available on the day the payment file is received, which may be up to two days earlier than the scheduled payment date. However, this availability is not guaranteed.
Envelope Money is a financial technology company and is not a bank. Banking services provided by Pacific West Bank, Member FDIC. Your funds are FDIC insured up to $250,000 through Pacific West Bank, Member FDIC. The Envelope Money Visa® Debit Card is issued by Pacific West Bank pursuant to a license from Visa U.S.A. Inc. and may be used anywhere Visa cards are accepted