The time to receive funds varies by the disbursement method chosen. If the recipient elects to receive the funds on his/her Money Network card, the funds will be loaded instantly. Recipients who elect to have funds deposited directly into a personal bank account may have to wait 3-5 business days for their funds.
Direct deposit is usually processed before 9 am on your scheduled payday. If a payday falls on a weekend or holiday, the deposit may be delayed to the next business day, or your employer may schedule it so it occurs early.
Payday is any day with Wages Now from Money Network. Who doesn't want to get paid faster2? With the Wages Now feature, you can get paid after each workday and always have money available for the things you need most. (Funds are usually available by the following day.)
Debit Card
Receive your first payment in 7-10 days, and future payments within two days after the payment is approved. Note: Set up automatic payment transfers through your Money Network online account to receive payments in your personal bank account within 2-3 days.
If you are eligible for benefits, your payments are usually deposited into your bank account within three days. The timing of when you receive your direct deposit varies based on when your bank processes the payment. Payments deposited to your bank account show as “UI Deposit” or “DI Deposit”.
Money Network® Cards are issued by MetaBank®, N.A., Member FDIC, pursuant to a license from Visa U.S.A. Inc. The Money Network Card is accepted everywhere Visa debit cards are accepted.
Bacs payments will usually go into an account between 01:00 and 07:00. This is the standard Bacs payment time, so if a payment doesn't arrive by 07:00, it may be processed the next working day.
What time of day does direct deposit hit? 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.
If you're eligible for benefits, your payment is usually deposited to your bank account within three days. Payments show as “UI Deposit” or “DI Deposit” on your bank statement. Note: Holidays and weekends will delay your payment until the next business day.
Generally, a bank must make the first $225 from the deposit available—for either cash withdrawal or check writing purposes—at the start of the next business day after the banking day that the deposit is made. The rest of the deposit should generally be available on the second business day.
This is because some financial institutions update their accounts a few hours after midnight. However, most banks complete the direct deposit before 6 a.m., allowing many consumers to wake up the next day with the funds sitting in their accounts.
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.
Sign up for Direct Deposit or request your free Money Network Card today by submitting a Pay Selection Form. See the Pay Selection and Direct Deposit Authorization Agreement for more details.
Your funds will be held at or transferred to MetaBank®, an FDIC-insured institution. Once there, your funds are insured up to $250,000 by the FDIC in the event MetaBank fails, if specific deposit insurance requirements are met. See fdic.gov/deposit/deposits/prepaid.html for details. No overdraft/credit feature.
Transfer funds using the Money Network Mobile App
Click the top left menu and click “Send Money to an External Bank Account” under Move Money Out. Follow the steps to set up your destination bank account prior to completing your ACH transfer. Transfers typically post to your bank account in 2-3 business days.
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.
Funds deposited before 9:00 p.m. ET on a business day will generally be available the next business day. Funds deposited before 8:00 p.m. PT on a business day will generally be available the next business day.
Cash and direct deposits are most often made available same day. Banks typically make most checks available within a couple days. Larger deposits over $5,000 usually take more time to clear. Your bank might also make a portion of it available sooner.
Money in the Bank 2024 is Saturday, July 6 at 7 p.m. ET.
Stick with us. There's a lot to untangle. Money Network Financial, LLC, is owned by Fiserv, Inc.
Starting February 15, 2024, the Employment Development Department (EDD) begins issuing payments for unemployment, disability, and Paid Family Leave customers on new Money Network prepaid debit cards. Benefit payments will no longer be issued on Bank of America debit cards.
Cards issued by Pathward®, N.A. Member FDIC. *Standard message and data rates apply.