Many people are trying to find a short, simple, and straight forward answer to the question, What time of the day do direct deposits hit your bank account?
If you opted for direct deposit, most direct deposits hit your bank account in the evening portion of the day.
With so many people claiming unemployment now due to being laid off from the COVID-19 pandemic, there is a lot of worry, frustration, and fear going around. And you can’t blame us for being scared during this time. There is a lot of uncertainty.
But knowing what time of the day your unemployment benefits are supposed to be deposited into your bank account if you opted in for direct deposit can make a big difference in your confidence for day to day life going forward through this crisis.
Part of our mission here at The Survival Journal is to financially prepare for the future. In order for all of us to do that, you need information. You need the facts.
People are waiting for what seems like an eternity for their first unemployment check to arrive in their bank account. Some are checking their account multiple times a day to get that relief of financial security.
After researching and digging for straight answers from government websites and other news sources — most unemployment insurance benefits should be directly deposited into your bank account during the evening posting routine.
This is due to the lower amount of major transactions that typically occur in most banks.
Keep in mind, there has been a delay on unemployment application processing according to ABCnews. Many people have reported a delay of 2-3 weeks in getting their first unemployment check or direct deposit.
It’s a good idea to confirm that you fully completed your unemployment application and entered in your direct deposit bank information inside your profile. If you have, then wait 2-3 weeks before assuming there is an issue.
If this post helped you, you might also want to read my post on investing in gold during a recession.