How can I transfer my earnings without paying fees?
Did you know that you don’t have to incur DailyPay fees every time you make a transfer? DailyPay offers options which allow you to transfer your earnings early at no additional cost.
Instant transfers from your DailyPay earnings account to an external account cost a small fee, similar to an ATM.
However, if you have your direct deposit directed to your DailyPay Visa® Prepaid Card, there is no fee¹ for instant transfers to the card. So you can transfer your earnings from DailyPay to your DailyPay Card instantly, without incurring a penny in fees. If you would like to learn more about DailyPay Card transfer limits, please see the Cardholder Agreement for important info. To help you understand where your paycheck will go on payday, we’ve introduced a new setting called Direct Deposit. In this setting, you can update your direct deposit location to your DailyPay Card.
You can also update your Automatic Savings, now renamed Split Direct Deposit. This allows you to send a portion of your remainder pay to a separate bank account on payday. We aim to help you take advantage of this feature and achieve your savings goals.
The functionality of DailyPay on payday remains unchanged.
¹ On-demand pay requires employer participation in DailyPay. On-demand pay fees will be waived for any DailyPay transfers made to a DailyPay Card set up with direct deposit.
The DailyPay Visa® Prepaid Card is issued by The Bancorp Bank, N.A., Member FDIC, pursuant to a license from Visa U.S.A. Inc. and can be used everywhere Visa debit cards are accepted.