Why My Direct Deposit is Late?

If we look at the past, paydays used to mean receiving the salary cheques from your employers. You would then take that cheque to your bank to deposit it and wait for it to be cleared and credited to your account. But that is all in the past now. 

With banking becoming more and more digital these days, the footfall in the banks has decreased drastically. People who can access digital banking services do not require to go to the banks to get their work done. Even the employers don’t issue salary cheques anymore. Instead, they have the details of their employees’ salary accounts and transfer the salaries directly, reducing the hassle. 

But excessive use of technology can cause a minor inconvenience as well. Therefore, depending entirely upon digital methods is never advised.

Why My Direct Deposit is Late?

Your direct deposit is late because the bank needs more time to possess the payment.  Usually, if payment processing occurs during holidays or weekends, your direct deposit will be late a few days. However, if receiving account numbers or payment details are wrong, this can stop or delay payment.

Wait for Some Time

Usually, banks state that it takes up to 24 hours for a direct transfer to reflect in your credits. So, 24 hours is when you must wait after the employers have made the transfer. However, sometimes it takes longer than that. The reasons may be that the transfer was made after working hours, it was a bank holiday, or there was some issue with the bank server. In short, you must wait for at least 24 hours or one working day to raise a concern. 

Connect with Your Bank

Even after giving it some time, the transfer doesn’t reflect in your account, raise a concern with your bank. Brief them about the situation and ask them why the transfer is not contemplated in your account. Ask them if they can check your transaction history. It could be that the transaction was made, but it is not reflected in your account due to some technical reason. The reasons are many.

Contacting the bank will help you know where the problem exactly is. For example, is it with your bank or at your employer’s end? In addition, understanding the root cause of the problem can give you a heads-up to solve the issue.

Talk to your Payroll Officer

Once you have contacted your bank, they have told you that there is no issue at their end. The next step is to get your company’s payroll officer. You can tell them that you have talked to your bank and there is no problem at their end. This helps them trace down what went wrong with the transfer. Possible issues could be that the paperwork got stuck somewhere, there was a mistake with your bank information in their records, or maybe they missed the transfer due to some misunderstanding. 

Contact Your Manager If the Problem Is Not Resolved

If contacting the bank and payroll officer does not solve your problem, it is advisable to contact your manager directly. Your manager will be able to find the issue more efficiently. They might also put pressure on the people responsible for the delay in the transfer to resolve the problem as quickly as possible. It may also help your manager to make sure that this issue does not happen with anyone else in the future. 

What time do most direct deposits hit your bank account?

Usually, if payment is sent on the same day before 5 p.m., payment will hit your bank account on the same day. In other cases, you will receive your payment in 1 business day. However, if the receiver and you are in the same bank, payment will usually proceed instant.

Do all direct deposits go in at midnight?

No, direct deposits can go at any time of the day. However, if you receive monthly payroll, many banks in the US have to practice sending money at midnight because direct payroll deposits are not generally subject to a bank hold.


What time does Netspend post direct deposits?

Netspend posts direct deposits usually twice per day. In my case, I received direct deposits around noon and afternoon around 5 p.m.


Everyone waits for the new month to begin to see that ‘credited’ message on their phones/bank passbook. But if they do not see that message, it becomes a little disappointing. Reasons for the transfer getting delayed could be many. Unfortunately, it is not uncommon, and we have listed all the contact points you can look at if something like this happens to you.



Igor has been a trader since 2007. Currently, Igor works for several prop trading companies. He is an expert in financial niche, long-term trading, and weekly technical levels. The primary field of Igor's research is the application of machine learning in algorithmic trading. Education: Computer Engineering and Ph.D. in machine learning. Igor regularly publishes trading-related videos on the Fxigor Youtube channel. To contact Igor write on: igor@forex.in.rs

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