Direct-deposit loans, that are made available from banking institutions including U.S. Bank, Water Water Wells Fargo and areas Financial, enable bank depositors to borrow funds against their next paycheck, personal safety check or jobless advantage that is straight deposited inside their account.

Banks that provide these kind of loans state their products or services are very different from pay day loans since they have actually reduced interest levels than old-fashioned pay day loans, and loans are created simply to customers that are existing.