Direct Deposit vs. Money Network for EDD payments - which is faster?

I switched to direct deposit back in February and it's been MUCH faster than the Money Network card. I certify Sunday morning around 8am and the money hits my account by Monday afternoon most weeks. Once in a while it takes until Tuesday morning, but never longer than that. Just triple-check your account number and routing number when you set it up - I made a typo the first time and it delayed my payment by 3 weeks while they sorted it out!

direct deposit is the way 2 go for sure. money network is trash. my roomate still uses the card and is always waiting for $$ while mine comes way faster. just my 2 cents

I've had both and honestly it depends on your bank. With Bank of America direct deposit, I get paid Tuesday after certifying Sunday. With Money Network, I could transfer instantly to my B of A account but they'd hold it for 2-3 days anyway. Chase and Wells Fargo friends say direct deposit is faster for them though.

The Money Network to direct deposit debate really depends on your specific situation. The Money Network card technically gives you access to funds faster since the money is loaded to the card as soon as payment is processed (often Sunday night/Monday morning). Direct deposit has an additional step where the payment is sent through the ACH system to your bank. That said, if you're transferring FROM the Money Network card TO your bank account anyway, direct deposit will almost certainly be faster because you're eliminating that middle step. Just be extremely careful when entering your account information - one wrong digit in your account number or routing number will cause significant delays. Also, with direct deposit you can change your information online through UI Online, but there may be a verification period. The system makes you verify a micro-deposit to confirm the account is yours before payments will start going there.

i tried to call EDD to ask this SAME QUESTION last month!!! was on hold for 2 HOURS and then got disconnected!!!! TWICE!!!! their phone system is the WORST!!!!

When I switched to direct deposit last year, it took about 10 days for the change to take effect. The first payment after I made the switch still went to my Money Network card, then the next one went to my bank account. Just something to keep in mind - don't close or empty your Money Network account immediately after requesting the switch. As for timing, I certify Sunday mornings and my payment hits my credit union account on Tuesday morning like clockwork. It's been much more consistent than the Money Network transfers were.

I'm probably in the minority, but I actually prefer the Money Network card. I like being able to use it directly for purchases without waiting for a transfer. Plus I've had issues with my bank putting holds on government deposits before. With the card, I know exactly when the money is available. That said, if you're transferring to your bank anyway, direct deposit probably makes more sense for you. Just be aware that some banks do put holds on ACH deposits, especially government ones, so check with your credit union about their policy.

One more thing to consider: if you ever need to call EDD about payment issues, they can see the status of direct deposits more clearly than Money Network transfers. This makes troubleshooting easier if a payment gets delayed. With Money Network, they sometimes just tell you to contact Money Network customer service, which is another layer of complexity. The trade-off is that if there's a problem with your bank information, direct deposit issues can take longer to resolve. But in normal circumstances, direct deposit is generally more reliable and potentially faster, especially if you're transferring to your bank account anyway.

Just wanted to add my experience as someone who switched about 6 months ago - direct deposit has been a game changer! I certify Sunday evening and the money is in my account by Tuesday morning consistently. The setup was pretty straightforward through UI Online, but definitely have your bank routing and account numbers handy and double-check them before submitting. One tip: take a screenshot of your bank account details from your online banking before entering them - that way you can reference it directly instead of trying to remember or retype from memory. Also, my credit union didn't put any holds on the EDD direct deposits, but I called them ahead of time to let them know to expect them. Worth checking with yours! The peace of mind of not having to remember to transfer money and knowing exactly when it'll hit has been worth the switch for me.

I made the switch from Money Network to direct deposit about 3 months ago and it's been so much better! With Money Network I was doing the same thing - transferring to my bank account and waiting 2-3 days. Now with direct deposit, I certify Sunday morning and the money is usually in my account by Monday evening or Tuesday morning at the latest. The setup process was pretty smooth through UI Online. Just make sure you have your routing number and account number exactly right - I literally had my bank statement open next to me when I entered the info to avoid any typos. Also heads up that it took about 2 weeks for the first direct deposit to come through after I made the change, so don't panic if it doesn't switch immediately. Since you're with a credit union, you might want to call them and ask about their policy on ACH deposits from government agencies. Some places put automatic holds but most credit unions are pretty good about not doing that for regular members. Good luck with the switch!

I switched from Money Network to direct deposit about 4 months ago and it's been night and day difference! I was in a similar situation - transferring from the card to my bank and waiting days for it to clear. Now I certify on Sunday and typically see the deposit in my account by Tuesday morning, sometimes even Monday evening. The setup through UI Online was straightforward but definitely take your time entering the bank info. I printed out a voided check and had it right next to me when I filled out the form - didn't want to risk any typos after reading horror stories. One thing I didn't expect: EDD sent me a confirmation letter in the mail about a week after I made the change online, which was reassuring. And like others mentioned, the first payment after switching still went to my Money Network card, then the following one went to direct deposit. My advice: make the switch! The consistency and speed have made managing my finances so much easier, especially with auto-pay bills like you mentioned. Just give yourself about 2-3 weeks for the transition to fully complete.

I switched from Money Network to direct deposit about 8 months ago and it was one of the best decisions I made! I was in the exact same boat - using the card then transferring to my bank account and waiting forever. Now I certify Sunday morning and my money hits my checking account by Tuesday morning consistently, sometimes even Monday night. The setup process is really straightforward through UI Online. Just have your bank routing and account number ready and triple-check every digit before hitting submit. I actually called my bank beforehand to confirm the routing number because I wanted to be 100% sure. They also told me they don't put holds on government ACH deposits for established customers, which was a relief. One tip that saved me: when you're entering your bank info online, zoom in on the page so the numbers appear larger on your screen. Makes it way easier to catch any typos before you submit. Also keep your Money Network card active until you see that first direct deposit come through - took about 10 days for me. The peace of mind has been amazing. No more worrying about transfer timing or fees. Definitely recommend making the switch!