Tips and Tricks for Getting Your Paycheck Early

Tara Seboldt
May 24, 2022

Life doesn’t always stick to your regular payday schedule. Unexpected expenses—like a busted tire or last-minute birthday gift—can pop up and throw your budget off track. You’re then left with a hard choice of what to spend your money on until your next paycheck.

But did you know you might be able to get your paycheck early? Getting your paycheck early could help you cover life’s sudden expenses without taking on debt.

Keep reading to see how you can get your paycheck early, when it makes sense and why you might want to explore other options.

Is Getting My Paycheck Early Even Possible?

Depending on your job, you might be able to get your paycheck early—or at least part of it. There are lots of reasons you might want your paycheck a little sooner than payday.

For example, you’ve just remembered that you have a wedding to go to this weekend. Getting your paycheck in advance would let you get the happy couple a great gift without wiping out your savings account.

Or, perhaps you tripped over your child’s toys and are facing an unexpected medical bill for your twisted ankle. An early payday helps you cover your bills without taking on unnecessary debt.

However, you should also be realistic about your money habits. Continuously requesting your paycheck early can lead to reliance on early paychecks and loans, trapping you in a cycle you can't escape.

For instance, if you use a payday loan to get money before payday, you might end up in a debt spiral. A debt spiral is when you have to keep borrowing money just to pay down what you already owe.

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How Can I Get My Paycheck Early?

Surprisingly, there is a number of ways to get paid early. Each has its advantages and drawbacks. Take a look at some of the most common ways to get paid before your pay period is up.

  1. Cash Advances

A cash advance is one of the easiest ways to get paid early. Cash advances are small, short-term loans that are designed to be paid back on your next payday. They can be a good option if you need cash fast, as most provide funds the same day or the next business day.

Not all advances are created equal. Some cash advance lenders are just payday loan lenders using a different name for their products. These advances have extremely high interest rates and late fees.

  1. Banking and Personal Finance Apps

Your bank account may let you see your paycheck before payday. Banks like Capital One and online banking apps like Chime give you early access to your paycheck.

You’ll need to set up direct deposit to a checking account to get your paycheck early. It’s also important to note that you may not always get your paycheck before payday.

The actual date of your early direct deposit depends on your employer’s payroll schedule.

  1. Early Pay Partnerships

Some employers partner with early pay apps to let you cash out your paycheck in advance. Whether or not you can use these apps depends on your employer.

Employers who pay you via Gusto, for example, can give you access to Gusto Wallet with Gusto Cashout. The Cashout feature lets you withdraw a portion of your next paycheck.

The downside of early pay apps is that your employer has to participate for you to get access. Your employer may also limit withdrawal amounts or require a minimum balance to withdraw.

Are There Apps To Get My Paycheck Early?

Getting a payday advance might only be a few taps away. Whether your employer partners with an early pay app or you’re looking for a banking solution, there are a handful of options to get paid early.

Possible

Possible is known for offering short-term personal loans that can help you build your credit score. Now, Possible is planning to introduce a new cash advance feature to help you get your paycheck before payday.

There’s no credit check or security deposit required for qualified borrowers to get immediate access to up to $200.

This interest-free cash advance has no late fees—making it easy to get the money you need without going deep into debt.

You can autopay your balance on your next payday and with on-time payments, you could qualify for the new credit card from Possible in time as well.

DailyPay

You can get money from your paycheck, as you earn if your employer partners with DailyPay.

The app syncs with your employer’s payroll and time tracking systems to track the amount you’ve worked.

You can then transfer the money you’ve earned instantly to your bank account.

Earnin

The Earnin mobile app lets you get paid when you want with free instant transfers to a linked debit card.

You can choose to leave a tip when you cash out, but it’s not required.

Earnin does have restrictions, however. You can only cash out up to $100 per day and $500 per pay period.

Chime

You might know Chime as one of the biggest alternatives to traditional bank or credit union accounts.

Chime account users can access their paychecks up to two days before payday with early direct deposit.

Chime accounts also feature an automatic cash advance instead of overdraft fees. If you overspend on your debit card, Chime will cover up to $200. You’ll repay the money with your next paycheck.

Downsides to An Early Paycheck

An early paycheck isn’t always the best solution to pay bills.

Some of the reasons you might want to skip an early payday include:

  • Fees: Many early payday apps and services have fees—such as instant transfer or monthly service fees.
  • Debt spirals: Using early paycheck options like payday loans can put you into a debt spiral. If you can’t pay back your loan, most payday lenders roll the loan into a new one, complete with more fees and interest costs.
  • Unhealthy money habits: Relying on getting your paycheck early could make it harder to stick to a budget. You might find yourself cashing out your paycheck early to buy things you didn’t need.
  • Lower paycheck: Any money you get from your paycheck early will be deducted from your regular check. Early payday services might also exclude taxes. That means your regular paycheck will have the full tax amount taken out, lowering your check more than you expected.

Alternatives to Getting Your Paycheck Before Payday

If getting paid early doesn’t seem like a good fit for you, there are still ways to cover unexpected expenses. You might find one of these options works better for you.

Borrow from Friends or Family

If you have a smaller bill to cover, your best option may be to borrow the money from a close friend or family member. While it may not be the ideal solution, borrowing money from family can help you avoid paying bills on credit cards or payday loans.

Get an Installment Loan

Short-term installment loans let you borrow a small amount of money and pay it back in scheduled payments. You’ll have a fixed interest rate and payment amount—usually paid monthly.

An installment loan can also help improve your credit score if you make on-time payments.

Negotiate Your Bills

Try talking to creditors about your expenses and bills. They may let you use a payment plan or push back your due date because of your financial situation.

For example, if rent is due and you can’t cover it until payday next week, tell your landlord about your situation.

They might let you pay what you can cover now and pay the rest of your rent when you get paid.

Sell Your Stuff

Decluttering your closet, storage or living area could help you organize your home and get the money to cover expenses.

Online marketplaces are a great place to get rid of old stuff and make some money.

Pick Up Gig Work

Some gig apps let you get paid the same day you work. For example, you could drive for Uber or deliver groceries through InstaCart.

The Bottom Line: Getting Your Paycheck Early

Getting paid early could help you cover unexpected expenses. However, it’s not always possible, or a good idea.

Be sure to weigh your options for getting an early paycheck—and alternatives—before committing, and choose what makes the most sense for your financial goals.

Tara Seboldt

Tara is a financial writer with over five years of professional writing experience. She previously worked at a financial planning firm. Tara uses this professional experience to help readers better understand their finances and make smart financial moves. When she’s not writing about money, Tara enjoys spending time in the Idaho mountains hiking, camping, and skiing.

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