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A deposit before 11:00 PM ET is processed on the same business day.Deposits made after 11:00 PM ET are viewable (pending) in your account immediately, but will not be processed until the next business day.Chase posts your transactions to your account at the end of each day beginning with deposits and ends with withdrawals. This avoids overdraft fees as long as at the end of the day you’ve deposited enough to cover your withdrawals before the end of the day, in this case 11:00 PM ET.Bank Time Accounts UpdateChase Between 3 a.m. and 5 a.m.Citigroup, Inc. Between 2 a.m. and 4 a.m.Wells Fargo Between midnight and 3 a.m.Bank of America Between 4 a.m. and 6 a.m.

If my direct deposit is submitted on a Friday, when will it post to my account?It would be impossible for the deposit to hit your account immediately as someone else said. That can only happen in wire transfer situations - and that’s still only if your bank is willing to deposit the transfer immediately.Direct deposits are required to be sent through ACH - the Automated Clearing House. When payroll is processed, the file gets sent by ACH, which then disseminates the payroll to each bank for every employee included in the file. This is why direct deposits are ideally sent by the payroll company two days before the check date. Day 1: file gets sent to ACH. Day 2: ACH sends the data to your bank. Day 3: depending on when your bank processes transfers, which typically happens between midnight and 4 am, the money will hit your account then.So what happens when your direct deposit is submitted the day before your check date? The ACH has a cutoff time for when submissions must be received for next day transfer. If I recall correctly, it’s 4 pm. (It’s been about 10 years since I last had to do this - that could have changed, but I doubt it would be later than 5 or 6 pm.) As long as the ACH gets the file with your data by that time, they’ll guarantee sending the data to your bank by midnight, and once again, depending on your bank’s processing time, it will hit your account between midnight and 4 am on the check date.Unless your payroll submission on the actual check date is submitted to the ACH by the morning shutoff time (again, it’s been 10 years or so, but I think it’s around 11:30 am), you won’t be able to get a same day direct deposit. If it’s submitted in time, a call will still need to be made to your bank to let them know the ACH is on its way so they’ll do a manual deposit on your behalf. Same day direct deposits are a pain in the neck, and most payroll companies will charge from $35 to $50 to perform one.Back to the question, which asks when the money will be deposited into your account when it gets submitted on a Friday. Payroll is 100% based on the check date. It could have been submitted on Friday, but if the check date isn’t until the following Tuesday, it’s not going to hit your account until Tuesday. If it gets submitted with a Friday check date, it’ll hit your account when your bank processes it (between midnight and 4 am). But if the question is asking what time it will hit your account when it was submitted on Friday with the same day check date, the previous paragraph tells you whether you’ll get the funds that day or Monday. The earlier it gets submitted on Friday, the more likely it is that you’ll receive the funds that day. After noon, you most likely won’t see the deposit until Monday.Thank you for the A2A.

Buying lottery tickets frequently. No, you won't win. I had a former student keep track of his expenses and earning from lottery tickets because he thought he "cracked the code." He stopped buying tickets after a month because he saw how much he was losing.Not having a bank account. This is typically due to poor financial judgment in the past, which has resulted in being a risk to a bank. They've usually bounced a lot of checks and had many overdraft fees.Cashing paychecks at a store. This goes back to #2, plus, why would you pay to cash a check? You can cash it for free or deposit it at your bank. Or, even better, set up direct deposit with your employer.Considering overdraft fees a normal part of life. If you just keep using your debit card until it gets declined, you aren't paying much attention to your finances. It's not complicated, but many people just don't make the effort to make plans for their money before it runs out.Payday loans and paycheck advances. When people run out of money, sometimes they make desperate decisions.My list consists of behaviors that indicate a lack of engagement with one's own finances.