Fraudulent calling attempts are on the rise. Scammers are posing as WSFS Associates – using fake caller IDs and personal details to gain your trust. NEVER share your account passwords or verification codes on unsolicited calls. Verify the call by hanging up and notifying us directly at 888.973.7226 7am-7pm ET (M-F) and 9am-3pm ET (on weekends).

Money Management

WSFS Bank Launches Early Pay, Enabling Customers to Receive Eligible Direct Deposits Early

Kyle Babcock
Kyle Babcock
2 min read
April 15, 2024
Early Pay Featured Image

WSFS Bank announced it has launched Early Pay, which allows Customers to receive eligible direct deposits from their employers up to two days early.[1] Early Pay is also available for recurring government benefits, such as Social Security payments.

“We’re thrilled to be able to offer Early Pay to our Customers to help streamline their eligible direct deposits and enable them to access funds sooner,” said Shari Kruzinski, Executive Vice President, Chief Consumer Banking Officer at WSFS Bank. “WSFS has been supporting our Customers for nearly 200 years. Our Customers’ needs continue to evolve over time and so does WSFS. We’re proud to continue offering products and services to help our Customers access their funds quicker and tools that make banking easier.”

Customers already enrolled in direct deposit for their paycheck or recurring government benefits will receive funds up to two days early when connected to their WSFS personal checking, savings or money market accounts. The direct deposit must be to a WSFS Bank personal account and indicate that it is a payroll or recurring government benefit in the Automated Clearing House (ACH) description. There are no costs or fees associated with Early Pay, and Customers can also set up alerts in online banking to be notified when their deposit is available.

Click here to learn more about Early Pay.

Kyle Babcock
By
Kyle Babcock

Kyle Babcock is DE&I Business Partner at WSFS Bank. He has a decade of experience in product and professional services marketing, communications and advertising.

Recent Articles

  • ""

    Money Management

    8 Steps to Spring Clean Your Financial Future
    • Article
    | 6 min read

  • Money Management

    Navigating the Financial Journey of Parenthood
    • Article
    | 3 min read
  • Financial Literacy

    Money Management

    Financial Literacy Month: 4 Tips to Strengthen Your Financial Situation
    • Article
    | 3 min read
View All Resources

Helping you boost your financial intelligence.

Read our financial resources from your friends at WSFS.

View All Resources

Disclosures

1 Early Pay requires eligible direct deposit to your WSFS Bank account. Direct deposits that are eligible for Early Pay include Automated Clearing House (ACH) transactions that WSFS Bank has determined to be compensation for employment or government benefit payments based on the transaction entry description. If the originating entity, such as an employer, has submitted the ACH file at least two days prior to the effective payment date, WSFS Bank may make the funds available up to two days earlier than the effective date for any WSFS Bank Customers who are recipients. When and if these funds can be credited early is dependent on the payer’s payment instructions, how the transaction is coded, and when the payment file is submitted by the payer. This also means that timing of available funds may vary between payment periods. WSFS Bank does not guarantee that you will receive early credit for eligible direct deposits and you should always confirm your Available Balance before attempting to make a withdrawal or purchase. Nonpayroll, tax payments, and other automated payments to your account may not be available for Early Pay. We may cancel Early Pay at any time and without notice. You may cancel Early Pay at any time by calling WSFS Bank at 888.973.7226. New accounts must be opened for 30 days to be eligible for Early Pay.