11/28/2023 0 Comments Chime direct deposit early![]() Nine percent of consumers account for 80% of overdraft fees, according to Brookings Institution research.Įarly pay is not to be confused with early wage access or earned wage access, through which fintechs and third parties like Even, PayActiv, DailyPay, Branch and Earnin provide small loans to employees based on their next paycheck. “It will make a big difference for a small number of people.” But for people barely making ends meet, “getting access to your money closer to when you earned it is an important step,” said Aaron Klein, senior fellow of economic studies at the Brookings Institution in Washington. Getting paid on a Wednesday or a Thursday instead of a Friday might seem like an insubstantial change.
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