Looking to streamline your payroll? Direct deposit can help you save time and money while meeting employee expectations. Learn how to set it up.

Here’s how the direct deposit process works: An employer starts by collecting the banking information—including bank account number and bank routing number—of its employees and vendors.

Interest rates are variable and subject to change at any time. These rates are current as of 1/24/25. ... Direct Deposit Promotion begins on 12/7/2023 and will be available through 1/31/26.

How to Set Up Direct Deposit at Your Bank originally appeared on usnews.com. Update 05/27/25: This story was previously published at an earlier date and has been updated with new information.

If your current bank doesn’t offer early direct deposit, it might be worth shopping around to find one that does. How to set up early direct deposit Many banks will automatically enroll eligible ...