Early Deposit

Get paid before payday with BankFive's Early Deposit.

• Fast. Access your direct deposits¹ up to two days early.
• Easy. Designate a BankFive account for your direct deposits and you’ll be automatically enrolled in Early Deposit.
• Free. Early Deposit is provided to you at no additional cost.
• Smart. Receive an email or phone notification² once your funds are ready to use.

Open a BankFive account and set up your direct deposit today!

Use our Switch My Bank service to switch your direct deposit to a new BankFive checking or savings account in minutes.

1. Start an application at https://apply.bankfive.com/bankfive/oa#/.
2. Check the "Set Up Direct Deposit" option when selecting your account.
3. Once your account is approved, click the "Set Up Direct Deposit" button on the approval page or follow the link in your Direct Deposit setup email.
4. Log in to your payroll provider or employer through our secure direct deposit setup service.
5. Select which account should receive your paycheck, specify the amount (full or partial paycheck), and submit.
6. Your direct deposit instructions will be sent to your payroll provider, and changes generally take effect within 1-2 pay periods.

Already have a BankFive account?

If you'd like to set up direct deposit for an existing BankFive account, just follow the steps below:

1. Download our Direct Deposit Form
2. Fill it out
3. Return it to your employer

Please note that some employers may require you to fill out their own form, but the requested information will likely be similar to BankFive's Direct Deposit Form.

¹Not all deposits are eligible for Early Deposit. Eligible deposits are limited to direct deposits of payroll, pension, or government benefit payments. Deposits from checks, mobile deposits, online transfers, or person-to-person payment services like Zelle, Venmo, or PayPal are not eligible for Early Deposit.

²Deposit notifications must be set up by the accountholder within Online Banking.