DailyPay offers two types of transfers: Instant and Next Day. Instant: Money is available instantly, 24/7, including nights, weekends, and bank holidays. Next Day: Transfers requested prior to 2:30 p.m. PST are available in the morning on the next business day.
With DailyPay, you can receive a transfer from what's available now in DailyPay either instantly or on the next business day.
DailyPay is connected to your employer's timekeeping system and receives automated reports of your hours worked. Usually, it takes 24 hours for a shift to be added to the automated reports. (At times, due to unexpected delays in reporting, it can take up to 3 business days for a worked shift to be reported.)
Instant payments mean smart spending
For hourly workers Instant Pay is an in-app feature that allows them to cash out on approved shifts before the job's designated weekly/monthly pay date.
An instant payment made to your existing, amended or new beneficiaries will have access to the money after 30 minutes.
Good news - you'll still be paid on your normal payday in the account that you choose. You might notice a few small changes, though. DailyPay works in partnership with your employer so you can get your pay early if you want to.
Earned Wage Access Can Be Expensive For Employees
Many daily pay providers proudly advertise “No Fees,” but be careful of the fine print! While it may be free to sign up, it's not free to use. Many providers charge a fixed fee every time an employee accesses their funds, sometimes offering up to five transfers a week.
How quickly will I receive my money? DailyPay offers two types of transfers: next-business-day (called “Next”) and instant (called “Now”). With instant transfers, money is available instantly, 24/7.
Your funds should be available in your bank account within minutes when you use Instant Pay, as long as your card is successfully linked. Depending on which bank you use, you may have to allow time for it to process your withdrawal.
For the first three pay periods after you enroll in DailyPay, your Available Balance will be 50% of your gross pay 25% if you have garnishments, such as child support payments).
DailyPay is not a payday loan. Payday loans often have hidden fees or interest payments that can leave the borrower in debt. DailyPay enables you to access your earnings before payday, and there is no loan to repay of any kind.
How long does it take to verify a DailyPay employee's employment or income? Most verifications through Truv are completed in under 24 hours. Is the DailyPay employment verification process secure? Yes, we emphasizes security in our verification process.
Try this: 1 Check your card to make sure it's not currently locked. 2 If you recently had your card replaced, check the app Settings area to make sure things like your card number and expiration date are still accurate in DailyPay.
How fast is instant? A payment is instant when it arrives within 20 seconds. And sometimes they're even quicker. So, your payments could arrive before you can say 'hidden bank fees'.
If your paycheck is showing as 'credit pending' in your pay track or DailyPay statement, it means that it was successfully sent (but is still processing) from your DailyPay account to your bank account on file.
DailyPay offers two types of transfers: Instant and Next Day. Instant Money is available instantly, 24/7, including nights, weekends, and bank holidays. Next Day Transfers requested prior to 11 00 p.m. EST are available in the morning on the next business day.
If your earnings haven't been updated in the DailyPay app, we're here to help. Typically, there are a few common reasons for this: Weekend (Salaried earnings will never update during the weekend) Day before payday (available earnings goes to $0 so we can send you the remainder pay the following day)
When will I see updates to my available balance? hours are sent to DailyPay at 6 pm. Please note that if you are working a shift that does not end prior to 6 pm, your balance will update the following day. For example, if you work on Monday from 2 pm to 8 pm, your earnings will be available Tuesday at 6 pm.
If you did make DailyPay transfers in the pay period to get your earnings early, then your paycheck will include everything you earned after your DailyPay transfers, any DailyPay fees, tax and other withholdings are taken out.
Hourly rates are calculated by the number of hours worked, thereby offering a higher degree of precision for both workers and employers. While day rates tend to be more straightforward to budget upfront, hourly rates often provide fairer compensation for workers.
Updated DailyPay Calculation FAQs
Here's how it works: At the beginning of the pay period, you'll typically see a higher amount available for transfer. Then, as you work more (which generally means your deductions increase), you will see a slight decrease in the amount made available from later shifts.
When you have an overpayment and next log in to the DailyPay app, you'll see the overpayment amount and will be asked to choose one of three options. These are: 1 Pay the full amount by bank transfer. 2 Pay the full amount automatically from your next paycheck.
The remaining balance is automatically deposited into the employee's primary bank account on payday, just like their regular paycheck. On payday, the employer sends the full net pay to DailyPay. The employee then receives their net pay minus any transfers as they normally would on payday.
All DailyPay client accounts are operated by Wells Fargo. So, after your direct deposit information has been updated with your company it should read as a Wells Fargo account. Was this article helpful?