If you’re looking for ways to get money in your bank account earlier, you’ve come to the right place. So here are some tips on how to get paycheck early, so read on!
Manage your paychecks
You may have problems with your paycheck and not even know it. For example, you might think you are getting paid every two weeks, but your employer is actually paying you every three weeks. Or there is an error on your pay stub, and the company owes you money they forgot to pay out. So, in this case, check your final paycheck and make sure everything is correct before cashing out.
If there’s something wrong with what’s on the stubs, notify the manager in charge of payroll so they can fix things as soon as possible. Be prepared to wait a few days before getting a new check because of processing times (and remember: if there are too many issues with your paycheck, take it up with human resources).
Get money in advance
There are several ways to do this. First, you could borrow money from friends, family or a bank. You could also use a prepaid card or credit card. If you have an overdraft protection account at your bank, then they will automatically transfer funds into your account when you spend more than what’s available to cover the cost of your purchase.
Get a loan
If you really need the cash, there are a few ways to get it. First, if your bank offers loans, you can apply for one (usually with a credit check). You can also ask friends, family members or other people who owe you money—if they’re willing to give you their word that they will pay back what they owe within a reasonable period (probably not years), then this is an option as well. If none of those options suit your needs, try applying for a loan online at one of these websites:
- Prosper (peer-to-peer lending)
- Lending Club (peer-to-peer lending)
- Fast Pay USA
Get a prepaid card
You can use a prepaid card in several ways. First, you can use it to make online purchases just like you would with a credit or debit card, or you can withdraw cash from an ATM. If you want to send money to friends and family, it’s also possible to do so using prepaid cards. The recipient will need their own account.
There are many benefits associated with using prepaid cards:
- They can be used like credit cards. This means that they’re accepted at most stores where plastic is accepted and at ATMs worldwide.
- They don’t require a bank account or credit check—allowing people who don’t have access to traditional financial institutions access to financial services such as making payments over the internet and buying things in person without having cash on hand (or even any identification).
SoFi finance experts say, “Note that most employers take a few weeks to set up a new direct deposit, so set it up today!”
If you want to get early payments in your bank, you should manage your paychecks, get money in advance and get a loan. You can also get a prepaid card.