“In an effort to provide members with additional benefits, VyStar is advancing access to direct deposit payments when they are posted to a member’s account, up to two days earlier than most traditional banks,” the credit union said.
In most cases, payers post their payment files in advance of the payment date, VyStar stated, adding that when this happens it will go ahead and advance the payment amount to the member’s account right away — resulting in members getting access to their payment up to two days before the actual payment date.
“We’re always looking for ways to help our members maximize their financial power, and this unique benefit is a prime example of that,” said VyStar EVP/Chief operations Officer Chad Meadows. “By providing our members with even earlier access to their money, we are creating flexibility, alleviating stress and hopefully improving their day-to-day financial lives.”
Other Benefits
In addition to two-day early direct deposit payments, VyStar said it also offers a wide variety of benefits to its members. Those include:
- Free Checking
- Interest on daily balance
- No monthly minimums
- Access to more than 20,000 no-fee ATMs nationwide
- Online & Mobile Banking
- Pay in-app with digital wallets
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