We’re always looking for ways to make managing money easier. With Early Pay, if you have a KeyBank account with eligible direct deposits, you could receive your pay up to two days early.
How Early Pay Works
Early Pay from KeyBank may allow you to get your pay up to two days early.
When your employer sends us your direct deposit payment information in advance of your paydate…
We may be able to give you access to your pay — up to two days sooner!
For example….
If you are due to get paid on Friday, and KeyBank receives the direct deposit payment information from your employer two days in advance, you’ll be able to start using your money on Wednesday!
Wednesday -> Payday!
Many types of direct deposits qualify!
- Payroll
- Government benefits
- Social Security
- Unemployment
TIP: Opt in to receive alerts that your pay has arrived early.
No fees.
No enrollment.
Enjoy Early Pay from KeyBank.
When we receive your direct deposit payment information from your employer or other payment provider up to two days before your payday, we could make your money available to you early.
For example, if you expect to be paid on Friday, and KeyBank receives the deposit information two days in advance — you could receive your money on Wednesday!
With eligible direct deposits to a KeyBank account, you could get paid up to two days early.
No need to enroll
With eligible direct deposits to Key checking and savings accounts, you will automatically receive Early Pay.
No-costs
There are no costs or fees for receiving Early Pay.
Eligible for account alerts
Set custom account alerts2 so you can receive updates about account information that's important to you, like when you receive a deposit.
Get Started.
Open an eligible KeyBank account.
Compare KeyBank checking or savings accounts to get started.
Set up direct deposit.
To have your pay deposited into your KeyBank account, quickly and securely set up direct deposit in KeyBank online or mobile banking.
Frequently Asked Questions About Early Pay
For your direct deposit to qualify for Early Pay:
- Your employer or payer must send the direct deposit to Key as an automatic payment to your checking or savings account.
- Your employer or payer must send us the information about your direct deposit at least one day before the scheduled pay date.
- Your direct deposit must not indicate an ineligible transaction type such as tax refunds, bill payments and rent payments.
- Your deposit amount cannot exceed limits set by Key.
- Your HSA and IRA direct deposits qualify when they meet all eligibility requirements above, except when the instructions from your employer or payor indicate that the deposit is intended for a future calendar year.
Employers may not send direct deposit information at the same time each pay period. Since Early Pay depends on when we receive your direct deposit information from your employer or payer, early payment is not guaranteed. The timing of your deposit's availability may vary from deposit to deposit, so it's important to confirm that funds are available before making payments.
To receive alerts when certain deposits hit your account, set up Transaction Alerts for deposits in Account Alerts.
Once you set up direct deposit, Early Pay can be available to you as soon as your next pay day.
Since Early Pay is an automated feature, you cannot opt out of this service. Our system applies Early Pay automatically to eligible direct deposits, and we cannot prevent your qualifying deposit from posting before your scheduled pay date.
Early Pay will not change the amount or the account in which the money is deposited. Your pay will continue to be deposited into your KeyBank checking and savings accounts as usual — just up to two days sooner. See details under What's an "eligible" direct deposit?
1
Early Pay is a service included with your KeyBank consumer deposit account in which KeyBank makes your eligible direct deposits available up to two business days early. Eligible direct deposits include certain transactions such as payroll, government benefits, or similar types of payments. The Early Pay service is dependent on when KeyBank receives information from the payer that the funds are on the way, this could vary, and you may not always receive your funds early. You cannot opt out of Early Pay.
2
Message and data rates may apply from your wireless carrier. KeyBank receives direct deposit information at various times throughout the day. Based on the time we receive it and circumstances beyond our control, it is possible that some alerts may not be sent.