Some employers or payroll processing services will process direct deposits so that the funds are available on payday. Ask your employer about its policies. Generally, if you receive your pay through direct deposit, your funds will be available to withdraw at least as soon as if you had deposited a paper check, and often sooner.

Direct deposit may also enable you to avoid monthly maintenance fees on a checking account without maintaining a minimum monthly balance. In addition, direct deposit programs often enable employees to designate a portion of deposited funds for savings so you can save automatically with each paycheck.