What happens on payday if I move my direct deposit to EarnIn?

Once your direct deposit has been switched to the Evolve Bank & Trust Deposit Account (offered by EarnIn), here’s what happens on payday:

  1. Your paycheck will be received in the Deposit Account. 
  2. EarnIn will  deduct from your paycheck the funds necessary to cover 'Earnings Spent' in the previous pay period, including any tips, Lightning Speed fees, and earnings transferred out to your linked bank account.
  3. Any remaining funds will be sent to your linked bank account. If you activate Early Pay, you will be charged $2.99 for the Lightning Speed transfer of the remainder of your paycheck. You will generally receive the remainder of your paycheck on the day your employer submitted the payment file, which can be up to 2 days before payday. 

If you also have an EarnIn Card, here’s what happens on payday: 

  1. Your paycheck will be received in the Deposit Account.
  2. Any outstanding 'Earnings Spent' (via Cash Outs or Card Spend) in the previous pay period, including any tips and Lightning Speed fees, will be debited. 
  3. If funds remain and you use Paycheck Router, the amount you’ve selected will be transferred to your linked bank account via ACH. If you opted in to Early Pay,  funds will be sent by Lightning Speed for a $2.99 fee per paycheck. You should expect to receive  your paycheck on the day your employer submits the payment file, which can be up to 2 days before payday. 
  4. Any remaining funds will be  sent  to your secured account (also provided by Evolve Bank & Trust, Member FDIC). You can spend such funds with your EarnIn Card  or transfer them out to your linked bank account.