Newsweek recently highlighted the best banks across the country for Early Direct Deposit. Andrews Federal was featured among the leading financial institutions to provide this service to its members.
Keep reading to learn more about Early Direct Deposit, why it matters and what makes Andrews Federal’s Early Direct Deposit option stand out from other financial services providers.
Why Early Direct Deposit is a Win for Our Members
With Early Direct Deposit, you can receive your paycheck earlier than your regularly scheduled payday. When your employer gives us noticed that your paycheck is being transmitted to us, we make those funds available in your account, rather than requiring you to wait until the actual direct deposit transaction is processed. You need your funds available as soon as possible, so you can focus on the things that are most important to you in life. When you know your funds are ready and available in your account to pay bills, pay rent or buy groceries, you can handle your business, then get back to enjoying life. Early Direct Deposit can also help you avoid potential late fees on transactions because you’re waiting for funds to process into your account. When you have a financial need, you can just handle it with less stress and less worry.
Other Reasons Members Love Using Andrews Federal’s Checking Accounts
Newsweek included Andrews Federal in their list because of our early direct deposit functionality, but the article also shared the area where the credit union really shines: our dividend rates.
In addition to offering Early Direct Deposit, Andrews Federal’s Kasasa Cash Checking pays up to 6.00% APY on balances - exponentially more than the national average of 0.08% APY paid by other financial institutions. And, Andrews Federal offers:
- No monthly fee
- No minimum balance requirement
- Up to $25 per month in ATM fee reimbursements
Early Direct Deposit is just one of the many ways Andrews Federal adds value for members and supports you throughout your financial journey. Our low-cost, high-reward checking accounts make it easier for you to manage your money, while also giving you the flexible, convenient support you need to reach your financial goals.
If you’re a member, make sure you’re taking advantage of the benefits of Early Direct Deposit and the rewards of our Kasasa Cash Checking. If you’re not yet a member, joining Andrews Federal is easy and gives you access to a full suite of financial benefits. Get started today.