Get Paid Early and Skip Overdraft Charges with the Present Financial institution Account

A man celebrates as he looks at his phone underwater in a pool.

We all know what it’s wish to reside paycheck to paycheck. Been there, finished that.

And when you’re in that scenario, like so many people are, there are two issues you recognize for certain: It certain can be good to receives a commission a pair days early. And overdraft charges are absolutely the worst.

Fortunately, we’ve discovered a cell banking account that may deal with each of these issues for you. It’s known as Present, and it might make your monetary life a lot much less anxious.

Present additionally will get you money again on purchases; removes these annoying holds that fuel stations put in your debit card; and makes it simple to deposit checks and even money.

It’s a state-of-the-art account, designed for the occasions we reside in — and excellent for individuals who might use rather less stress of their monetary life.

Get Paid as much as Two Days Quicker

If you happen to’re residing paycheck to paycheck, you’re removed from alone. Research have discovered that roughly three-quarters of all full-time staff are in the identical boat. And when you’re in that boat, you’re most likely paddling as quick as you may.

One in all Present’s most interesting options is its potential to get you paid as much as two days quicker once you join direct deposits. When you’ve gotten looming payments or mouths to feed, this is usually a lifesaver.

Quicker direct deposits are the important thing. In contrast to the massive brick-and-mortar banking chains that dominate this nation, Present merely credit your account instantly when it will get notified of your incoming direct deposit. That may get the cash to you as much as two days quicker.

No Evil Overdraft Charges

We hate overdraft charges, and we all know you do, too. An overdraft payment to cowl inadequate funds is usually about $35, and that’s at all times painful — particularly when you get hit a number of occasions without delay.

The large banks rake in billions of {dollars} in overdraft charges yearly. It fattens their revenue margin and, actually, it’s an important a part of their complete marketing strategy.

However Present gained’t try this to you. It’ll permit you to overdraft your account by as much as $100* with out hitting you with any nasty charges, so long as you’re getting at the very least $500 in direct deposits every month and also you’re a Premium Member

If you happen to’re residing paycheck to paycheck, it is a enormous aid. It may possibly aid you keep away from that unending cycle.

Make Deposits and Withdrawals Simply

Present is a mobile-only account, so that you’ll do all of your banking via its cell app, which is obtainable for iOS or Android. If you happen to’re used to banking in individual, that is simpler than you may assume.

Making deposits and withdrawals is straightforward.

ATMs: Want to make use of one? With Present’s debit card you may withdraw cash with none charges at greater than 40,000 ATMs throughout the nation.

Including Money: You possibly can add money to your account at greater than 60,000 shops. There’s a map of areas within the Present app.

Deposit checks: Simply signal the examine, snap a photograph of the back and front, then enter the quantity into the app. Achieved.

Money Again and No Fuel Station Holds

In contrast to plenty of different debit playing cards, Present additionally will get you money again on some purchases. You normally solely get that with high-end bank cards, and also you want a extremely good credit score rating to qualify for a kind of.

While you use your debit card at greater than 20,000 collaborating retailers, you may earn as much as 15 factors for each greenback you spend. You possibly can redeem these factors for money at 100 factors per greenback, or to pay in your Present Premium subscription.

Present additionally removes these annoying holds that fuel stations put in your debit card. Man, we hate these. They’re virtually as dangerous as overdraft charges.

Some fuel stations put a maintain of as much as $100 in your card once you purchase fuel there. That maintain locks the quantity being held, making it unavailable so that you can spend. Present instantly removes these holds, so that you’ll by no means have to fret about it.

A Extremely Rated App

Present has two membership plans: a primary plan and a premium plan. The essential plan, which is free, will get you a primary account with a debit card.

The premium plan prices $4.99 a month, however you may rapidly make up for that by avoiding only one overdraft payment. Additionally, it’s the premium plan that means that you can receives a commission quicker. And the factors you earn from collaborating retailers may help cowl your month-to-month payment — you may simply have your factors mechanically utilized to your payment.

Present’s app is very rated by those that use it. As of mid-2021, the app was rated a pleasant 4.7 out of 5 with almost 75,000 critiques in Apple’s App Retailer, and was rated a 4.6 out of 5 with 70,000 critiques on Google Play.

So, when you’re residing paycheck to paycheck, you know the way tough it may be. If you happen to’d wish to receives a commission early and keep away from these nasty overdraft charges, it solely takes a couple of minutes to join Present.

Mike Brassfield ([email protected]) is a senior author at The Penny Hoarder. He actually hates overdraft charges, and he is aware of you do, too.

*Please check with Overdrive Options Phrases and Situations

**Quicker entry to funds is predicated on comparability of conventional banking insurance policies and deposit of paper checks from employers and authorities businesses versus deposits made electronically. Direct deposit and earlier availability of funds is topic to payer’s assist of the characteristic and timing of payer’s funding.

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