Advance checking is a type of bank account that allows you to access your funds before they are officially deposited. This feature can be especially helpful for individuals who need quick access to their money, such as freelancers or small business owners.
With an advance checking account, you can get up to 90 days' worth of deposits in advance, giving you the flexibility to manage your finances more effectively.
By using advance checking, you can streamline your business operations by having access to funds when you need them most. This feature is particularly useful for businesses that require immediate payment for services rendered.
Additionally, advance checking can help you avoid overdraft fees and penalties, which can be a significant cost savings for your company.
To get started with advance checking, you'll need to open an account at a participating bank or credit union. You can then apply for the advance checking feature and follow the necessary steps to set it up.
Remember to carefully review the terms and conditions of your account before signing up, as some restrictions may apply.