How quickly will I receive my money? 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.
DailyPay allows companies to offer their employees access to their earned pay before their scheduled payday, without changing their payroll processes, including the timing of the payroll funds and withholding of taxes.
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.
What time your direct deposit hits depends on the financial institution. Most recipients can expect their direct deposits to be available by 9 a.m. on payday, with many banks allowing funds to be released between midnight and 6 a.m. If your bank allows for the funds to be released sooner, you'll see them then.
Because ACH transfers are processed in batches, direct ACH payments typically take one to three business days to appear in the recipient's account—longer than it generally takes to process wire transfers, credit card transactions, and ATM transactions. No international payments.
Reasons your direct deposit hasn't hit
Your employer entered an incorrect date when processing your payroll. Processing is taking longer than usual due to holidays (payday falling on a bank holiday often delays direct deposits). The direct deposit request was accidentally submitted after business hours.
If what is available now in DailyPay has not been updated, please check to see that you have correctly logged your hours. Your earnings can potentially be delayed by the kind of work you're doing, how it's being reported or how much data is being entered by your employer's payroll team at one time.
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.
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.
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.)
With some banks, your paycheck can be available up to two days before your typical payday if your employer uses direct deposit. This early access to your paycheck could help you keep up with bills and avoid late fees, especially on bills due around the time you receive your salary.
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.
DailyPay works in partnership with your employer so you can get your pay early if you want to.
What time do wages go into the bank? Most businesses will make BACS payments, which usually enter the employee's bank account between 1am and 7am on payday.
A night cycle, created in 1979, is used to process Automated Clearing House (ACH) transfers (debits and credits) at night—generally between 10:00 p.m. and 1:30 a.m. Eastern Standard Time (EST).
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?
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.
If you have a late direct deposit, there are several possible explanations, such as bank holidays, processing errors, incorrect bank account information, payroll processing timelines, and other delays.
Please note: If you have made earnings transfers ahead of payday, you may request DailyPay account closure at any time, but we'll receive one final paycheck from your Employer to cover the transfers that we sent you early, passing along any remainder pay to your bank account on file.
You can either file a wage claim with the Division of Labor Standards Enforcement (the Labor Commissioner's Office), or bring an action in court against your former employer to recover the wages if they are still due you, and to claim the waiting time penalty.
Usually, you'll have access to your direct deposit at the opening of business on your payday — by 9 a.m. In many cases, direct deposits hit accounts even earlier, often between midnight and 6 a.m. on payday morning.
Simply log onto your bank account profile and look at your checking account or savings account history. Depending on when payment was sent, your money could come up as pending direct deposit in either one of these accounts. Go into your bank account history to check the status of your money.