Popular search terms:

What is an Eligible Payroll Deposit?

"Eligible Payroll Deposits" refers to recurring deposits of your wages or compensation. These can come from sources such as your employer, payroll provider, or government payer—including situations where you're acting as an independent contractor. The amount and frequency of these deposits are determined by Current at its sole discretion.

Certain deposits do not qualify as Eligible Payroll Deposits, including non-direct deposit ACH transfers, inter- or intra-bank peer-to-peer transfers, transfers made to debit cards from digital wallets or P2P services (PayPal, Venmo, Cash App, Zelle, Google Pay, Facebook Pay, or other similar services), mobile check deposits, and cash deposits.

Was this article helpful?