All banks are required by law 2 to make direct deposits available by the next business day following the day your bank receives the money from the ACH.īanking services provided by The Bancorp Bank, N.A. How soon your money is available also depends on the bank you use. That’s because it’s up to your employer to prepare and send employees’ payroll information ahead of payday – and if they don’t, your direct deposit may be delayed. While the ACH plays a role in this process, your employer and bank largely determine when you receive your paycheck. Once your bank receives your payment information, your payment is processed and credited to your account. Payment information is sent to your bank: The ACH sends your payment file to your bank to be processed.The ACH processes the payroll file: An ACH operator reviews the payroll file for accuracy and ensures all payments are properly routed.Your employer sends payroll instructions to their bank: Before payday, your employer sends a payroll file to its bank containing employees’ bank account details and paycheck amounts.Here’s a step-by-step breakdown of how direct deposit works: There’s also the role of The Automated Clearing House (ACH), the electronic funds-transfer system that facilitates transactions in the U.S. The exact timing of receiving your direct deposit depends on two main factors: your bank and your employer’s payroll software.

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