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Keep reading to learn how you’re able to use direct depositto improve your finances.
Setting up direct deposit can also help you avoid overdraft or non-sufficient funds (NSF) fees.
Overdraft fees are upwards of $30 at some banks which can add up quickly, she added.
This is because the funds usually go through faster than if you were to manually deposit your check.
You Get Paid Earlier
Some banks, like Wells Fargo, offer whats called Early Pay Day.
Whats convenient about this key in of feature is that you dont have to manually set it up.
All you have to do is enroll in direct deposit and itll be automatically activated.
But keep in mind that not all banks offer this tool.
Check with yours to see if they offer Early Pay Day or something equivalent.
Take Bank of America as an example.
Wells Fargo also has a version of this called the Extra Day Grace Period.
So, how does this help you?
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