What time does direct deposit hit first national bank

It's payday, and your money is already in your account.

Direct deposit is the electronic transfer of a payment from a company or organization into an individual's checking or savings account. It is the most widely used ACH electronic payment application and is a smart way to be paid. It is ideal for payroll, tax refunds, pensions, dividends, bonuses, or other payments.

Table of Contents Show

It's payday, and your money is already in your account.
Direct Deposit is simple.
Direct Deposit is safe.
Direct Deposit is smart.
First Deposit
Snap a couple pics and deposit your check at home or on the go. It’s easy, free and secure.
What Is Direct Deposit?
What Time Does Direct Deposit Hit?
Keep In Mind
Benefits of Direct Deposits
Direct Deposit Times for Major Banks
Good To Know

Direct Deposit is simple.

Once you have signed up for Direct Deposit, you don't have to go to the bank to deposit checks.
Your money is automatically deposited into your account on time, every time - and you don't have to be at work - or even in town!

Direct Deposit is safe.

Direct Deposit payments never get lost.
Direct Deposit is confidential. Money is transferred electronically and passes through fewer hands than a check.
Problems with Direct Deposit, which are rare, are quickly resolved.
Almost 85 percent of identity theft starts with someone seeing your personal financial information on a paper check, billing statement, or bank account statement. Once
Electronic payments are set up, the money travels electronically, greatly reducing the number of people who see your personal information.

Direct Deposit is smart.

Direct Deposit gives you access to your money earlier than check deposits. There is no waiting for checks to clear.
Direct Deposit puts you in charge of your money. Financial planners recommend Direct Deposit as one step towards gaining control of your finances.
With Direct Deposit, you decide how to divide your pay among your accounts and it will be done automatically.
Employers will issue a payment summary of every deposit that will look much like your paycheck stub looks today. It will show your deductions for taxes, insurance, and other obligations, and will reflect the balance that was deposited into your account(s).

To set up a direct deposit of your payroll or any other payment requires you to contact the company and complete the paperwork. They will normally want a voided check from your checkbook containing your bank's routing number and your account number. The routing number is the first set of numbers on the bottom left of your check. The routing number is followed by your account and the number of the check itself.

Contact a customer service representative at one of our office locations if you need help. We are here to help serve you.

First Deposit

Snap a couple pics and deposit your check at home or on the go. It’s easy, free and secure.

Smarter, Simpler Deposits

Deposit a check using the camera on your smartphone and First Mobile, our Mobile Banking app. Snap a picture of the front and back of the check, verify the amount, choose your account and deposit.

Quick Facts

You need a smartphone
You need the First Mobile banking app
$2500 daily deposit* limit

How It Works

STEP 1
Open the Mobile Banking app and select Deposits

STEP 2
Take a picture of the front and bank of your endorsed check

STEP 3
Verify the deposit amount and select the account to receive the deposit

STEP 4
Enter your email address and hit Approve

Need Help?

Download the Mobile App Here
View detailed instructions
For additional support please call us at 254-772-9330.

How to Endorse Your Check:

For Mobile Deposit Only
First National Bank of Central Texas
Account Number
First / Last Name

*Deposits made by 6pm will be credited same day. Deposits after 6pm, weekends, and holidays will be credited next business day.

About Direct Deposit
Direct Deposit Times
Benefits
Major Banks Direct Deposit Times

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Direct deposit was an added perk offered by banks back in the day, but it has become a default option for most users. However, the feature’s ubiquity doesn’t automatically mean that everyone knows about precise direct deposit times.

So it’s good to know: what time does direct deposit hit at your bank? In short, you can expect a direct deposit to arrive in your bank account between 12 a.m. and 6 a.m. on the day your employer sends them out.

What Is Direct Deposit?

Previously, payees had to go to the bank to cash their paycheck. However, with direct deposit, the payer can now initiate an electronic payment that’s readily deposited into the receiver’s bank account.

While paper check deposits took anywhere from two to five days for clearance, direct deposit is just as it sounds–direct. The payee does not have to wait for a long time to receive their payment.

To set up direct deposit, you will have to fill out a form given to you by an employer or the government. You’ll need to fill in your name, your address, your account number and your bank’s name and routing number.

What Time Does Direct Deposit Hit?

Direct deposits are meant to be instantaneous, which means you get paid on the same day as the payer sends the money. However, the time frame for receiving this money depends on who sends the money and from where.

For example, your employer has a system that ensures every employee gets paid as per the payroll schedule. In this case, you can expect the direct deposit to hit at midnight on payday.

With direct deposit, you’ll be paid for the month even before walking into work the next day.

Keep In Mind
Meanwhile, direct deposits from the government, such as social security benefits, arrive on the second, third or fourth Wednesday of the month. If Wednesday is a national holiday, the direct deposit will hit the last business day before the holiday.

As for other sources of direct deposit, the amount arrives in your bank account within one business day or the same day. More importantly, direct deposits are not generally held by the bank. Thus, you can use your money as soon as it comes to your account.

Benefits of Direct Deposits

Direct deposits have many benefits, which is why many employers and the government have adopted them. Here are some of the benefits of direct deposit:

Quicker Access: You can get your money much sooner than paper check deposits. Plus, there are no bank holds on the sum, allowing you to use the cash the same day.
Less Travel: Since the transfer is made electronically, you do not have to travel to the bank to get the check cashed. Once the money is transferred to your account, you get the notification.
Heightened Safety: It’s easy to lose a paper check, and that can become quite a nuisance, especially if it’s your paycheck. On the other hand, direct deposits are safe and insured up to $250,000 by the FDIC.
Automated Savings: Since many banks let you split your direct deposit, you can choose to transfer some amount to a checking account while the rest goes to a savings account. This way, you can increase your savings over time without having to think about it.

Direct Deposit Times for Major Banks

Here’s a table showing the direct deposit times for major banks in the U.S.:

Bank	Direct Deposit Time
Axos Bank	Up to two days early
Bank of America	Same day
BB&T	Between 12 a.m. and 6 a.m. (EST)
BBVA	Same business day
BECU	Between 12 a.m. and 2 a.m. (PST)
Capital One	No later than 9 a.m. (EST)
Chase	By 6:30 a.m. (EST)
Citibank	Between 12 a.m. and 7 a.m.
Citizens Bank	Between 3 a.m. and 6 a.m. (EST)
Fidelity Bank	Between 12 a.m. and 7 a.m. (EST)
PenFed Credit Union	Between 7:30 a.m. and 8:30 a.m. (EST)
TD Bank	6 a.m. on payday
SunTrust Bank	Between 12 a.m. and 7 a.m. (EST)
U.S. Bank	8 a.m. (PST) on payday
USAA	Up to one day early
Wells Fargo	6:30 a.m. (EST) on payday
Woodforest National Bank	Same day if your employer/sender has deposited the money before 8 p.m. (CST)

In most cases, you can start using the money on the same day that it’s deposited into your account. But sometimes, the fund may only become available after one business day.

Good To Know
If you want to receive your paycheck early, get a checking account in a digital bank since they offer early direct deposits. An example is Axos Bank. The bank lets you access your paycheck up to two days early. Likewise, USAA gives you access to your money up to one day early.

Information is accurate as of Dec. 17, 2021.

Editorial Note: This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.

Scott Jeffries is a seasoned technology professional based in Florida. He writes on the topics of business, technology, digital marketing and personal finance. After earning his bachelor’s in Management Information Systems with a minor in Business, Scott spent 15 years working in technology. He's helped startups to Fortune 100 companies bring software products to life. When he's not writing or building software, Scott can be found reading or spending time outside with his kids.

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