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Early Deposit 

frequently asked questions

What is Early Deposit?

Early Deposit is a service that offers you access to your funds from qualifying payroll or government payments up to two days early*.


How do I enroll in Early Deposit?

Avadian members are automatically enrolled in Early Deposit, and there’s no fee for this service.

You do, however, need to have direct deposit set up. If you don’t have direct deposit, you will need to work with your employer or government payor to set it up. To aid that process, we’ve created this form that, once you complete it, will contain the information they need to set up your direct deposit.


What is direct deposit?

A direct deposit is an electronic funds transfer, usually from your employer, retirement plan, or government agency, that puts money directly into your account. Person to person transfers, mobile deposits, or deposits made in-branch or at an ATM or ATM Plus+ do not qualify as direct deposit.


What types of deposits are eligible for Early Deposit?

The most common direct deposits that qualify for Early Deposit are payroll checks, payments from state or federal governments like Social Security or unemployment benefits, or retirement benefits. Any deposits from employers that are noted as payroll may be eligible for Early Deposit. Person to person transfers, mobile deposits, or deposits made in-branch or at an ATM or ATM Plus+ do not qualify as direct deposit.


Will my direct deposit always arrive on the same day?

Because businesses and employers don’t always submit their direct deposit on the same time for each pay period, the day on which your direct deposit arrives may differ from one pay period to the next.

We don’t have control over when the direct deposit files are submitted.


If I’m just now setting up direct deposit, how long will it take?

That depends largely on your employer or payor, but it could take up to 60 days for the direct deposit to be eligible for Early Deposit.


How will I know that I’ve received my deposit?

You can set up a New Transaction Alert in online and mobile banking to let you know when your deposit has arrived in your account.


I’m a business member who makes payroll payments through direct deposit. How will Early Deposit affect my business?

Your business will not be affected since you will be sending your direct deposit file the same way you always have. If your employee is an Avadian member, they may receive their deposit up to two days early.

*Avadian may make funds from direct deposits available to you up to two calendar days prior to our receipt of the funds for regularly recurring direct deposits made directly to your checking, savings, or money market account. We may determine which direct deposits and which deposit accounts qualify in our sole discretion. We may base our determination on factors such as (but not limited to) fraud prevention and the coding of the ACH file. We may change our determination with or without notice to you.
 
We do not guarantee that any direct deposit will be available to you early. If it is not made available to you, then our funds availability policy will apply.
 
If we make funds from a direct deposit available to you prior to the time we receive the funds from the payor through the ACH, but we are unable to collect part or all of the funds, you will be liable to repay us the funds we made available to you. In this situation, you agree that we may debit your account to recover the funds without prior notice to you, even if the debit transaction overdraws your account. In the event of an overdraft, you agree to pay the applicable overdraft fee as then disclosed in our pricing or fee schedule.
 
 


The credit union is federally insured by the National Credit Union Administration.
Additional insurance of up to $250,000 on your savings accounts is provided by Excess Share Insurance Corporation, a licensed insurance company.

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