Early direct deposit is a service offered by Cape Cod 5 in which your eligible direct deposit may post to your account up to two days early. If you already have an eligible direct deposit set up with your Cape Cod 5 checking or savings account, you are automatically enrolled. If you don’t already have direct deposit set up, you must do so in order to receive early access to your funds.

No, you are automatically enrolled if you have a qualifying direct deposit set up to pay into your Cape Cod 5 checking or savings account.

Payroll companies, pension providers, government benefits such as Supplemental Security Income and Social Security, and Department of Revenue (tax refunds).

Direct deposit can take 1-2 pay periods to take effect, depending on your employer or payment provider. Once Cape Cod 5 receives the funds, we’ll make yours available, up to two days early.

It depends. You might receive your payment two days early, one day early, or on your regularly scheduled payday. Some factors that may impact how early your pay is available include:

• You recently set up direct deposit.

• Your deposit wasn’t sent early by your employer or payer or there’s a payroll system issue from your employer or payer.

• Your deposit type is not eligible, such as a bank-to-bank transfer.

No, you will automatically be enrolled to get earlier access to your funds if you have a qualifying direct deposit into a Cape Cod 5 checking or savings account. Be assured, there is no cost to you and no change to your account(s) or how your direct deposit is set up.