CHELSEA EMPLOYEES FCU is excited to announce the launch of ACH Early Pay, a new on-demand feature that allows members to access their direct deposits up to two days earlier than scheduled. This service provides greater financial flexibility and convenience, particularly as members prepare for tax refunds and upcoming pay periods.

With ACH Early Pay, members can choose to receive their funds early through online banking either via the mobile app or website. This service is self-initiated and cannot be processed in-branch, ensuring members have full control over when and how they access their money.

How It Works:

• Members must be enrolled in Online Banking to use ACH Early Pay.
• Eligible pending ACH credits, including payroll deposits and tax refunds, is displayed under the Holds/Pending/ACH section in online banking.
• Members can select the ACH Early Pay option next to a pending deposit.
• A disclosure will appear, confirming a $2 fee per transaction for early access.
• Upon confirmation, funds are instantly deposited, and the fee is deducted simultaneously.
• Members can use this service selectively, opting in for certain deposits and skipping others based on their needs.

“This feature is an important step in giving our members more financial control. It provides a safety net for those who need early access to funds, whether it’s for urgent bills, groceries, or unexpected expenses.”

Chelsea Employees FCU encourages members to sign up for e-Statements while enrolling in Online Banking, offering a seamless and eco-friendly banking experience.

To sign up for Online Banking, visit here.

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