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WSFS Bank Launches Early Pay, Enabling Customers to Receive Eligible Direct Deposits Early
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WSFS Bank, a subsidiary of WSFS Financial , introduces Early Pay, allowing customers to receive eligible direct deposits early, including government benefits. Customers can access funds up to two days in advance, free of charge, by connecting to their WSFS personal accounts.
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WILMINGTON, Del.--(BUSINESS WIRE)--
WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), announced it has launched Early Pay, which allows Customers to receive eligible direct deposits from their employers up to two days early. 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.
WSFS Financial Corporation is a multibillion-dollar financial services company. Its primary subsidiary, WSFS Bank, is the oldest and largest locally headquartered bank and trust company in the Greater Philadelphia and Delaware region. As of December 31, 2023, WSFS Financial Corporation had $20.6 billion in assets on its balance sheet and $78.1 billion in assets under management and administration. WSFS operates from 114 offices, 88 of which are banking offices, located in Pennsylvania (57), Delaware (40), New Jersey (14), Florida (1), Nevada (1) and Virginia (1) and provides comprehensive financial services including commercial banking, consumer banking, treasury management and trust and wealth management. Other subsidiaries or divisions include Arrow Land Transfer, Bryn Mawr Capital Management, LLC, Bryn Mawr Trust®, The Bryn Mawr Trust Company of Delaware, Cash Connect®, NewLane Finance®, Powdermill® Financial Solutions, WSFS Institutional Services®, WSFS Mortgage®, and WSFS Wealth® Investments. Serving the Greater Delaware Valley since 1832, WSFS Bank is one of the ten oldest banks in the United States continuously operating under the same name. For more information, please visit www.wsfsbank.com.
WSFS Bank's Early Pay allows customers to receive eligible direct deposits, including government benefits, up to two days early, free of charge.
What types of direct deposits are eligible for WSFS Bank's Early Pay?
Customers can receive early direct deposits for their paychecks or recurring government benefits, such as Social Security payments, when connected to their WSFS personal accounts.
Are there any costs or fees associated with WSFS Bank's Early Pay?
There are no costs or fees associated with WSFS Bank's Early Pay. Customers can also set up alerts in online banking to be notified when their deposit is available.
How long has WSFS Bank been supporting its customers?
WSFS Bank has been supporting its customers for nearly 200 years, continuously evolving to meet their changing needs by offering products and services to help access funds quicker and make banking easier.
