Inflation has people living paycheck to paycheck. Here's how some banks are responding | CNN Business

  • 📰 CNN
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 95%

United States News News

United States United States Latest News,United States United States Headlines

“Payday Friday” may soon be replaced by “Payday Wednesday.” Here's why.

“Payday Friday” may soon be replaced by “Payday Wednesday.” This week, JPMorgan Chase, America’s largest bank, became the latest financial institution to offer customers early access to their direct deposits. Chase, the consumer and commercial banking arm of JPMorgan Chase, announced that its 1.4 million Secure Banking customers will automatically receive access to certain direct deposits — such as paychecks, tax refunds, government benefits and pensions — up to two days earlier.

” Chase joins a growing list of fintechs and traditional financial institutions — including Chime, Current, Capital One and Wells Fargo — to offer customers early access to their money. Also, in the past year, several banks such as Bank of America, Citi and Chase have started scrapping overdraft fees.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Friday to Friday. Wednesday to Wednesday It’s still paycheck to paycheck. 🙄

If you're living paycheck to paycheck get an adult job.

Does this affect my pension?

Been got paid on wed😴

...payday to billday

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in US

United States United States Latest News, United States United States Headlines