How to set up Bank of America direct deposit (3 easy steps)

Adam Rozsa

Getting paid through direct deposit is easy and convenient. If you’re considering opening a Bank of America (BoA) account to receive your salary, check out these Bank of America reviews to help you pick the right one for you. And if you already have an account, use this guide to BoA direct deposit to set up direct deposit to your Bank of America account.

If you need to send money internationally once you’ve received your pay, check out Wise. Whether you’re paying for a vacation or remitting money home to loved ones overseas, you can access low cost currency conversion which uses the real mid-market exchange rate every time – you can save up to 7x compared to some other providers.

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📝 Table of contents

What is direct deposit?

As the name might suggest, with direct deposit your money - whether that’s your salary or federal benefits paid through the U.S. Treasury - is deposited right into your account when it’s released. No messing about with checks, or waiting for processing - and no risk of your payment getting lost or stolen, either.

Setting up direct deposit is pretty simple. Usually you’ll just have to complete a Bank of America ACH form or BoA direct deposit form and hand it to your employer. Some companies even have online portals to arrange direct deposits, making the whole thing paper-free.

How to set up Bank of America direct deposit in 3 easy steps

Setting up your direct deposit is easy:¹

  1. Get Bank of America’s direct deposit form here. Alternatively, download the BoA direct deposit application or access the prefilled form in online banking
  2. Give your application to your employer - the payroll team can make arrangements to set up direct deposit payments to your Bank of America account
  3. Check in your online or mobile banking to see the payments arrive on payday

To complete your application, you’ll need:²

  • Your Bank of America account number
  • The correct Bank of America routing number
  • Your employer’s name and address including zip code
  • Your name, address and signature

bank of america direct deposit

Set up Bank of America direct deposit from your employer

Setting up a Bank of America direct deposit payment for your salary is easy. In fact, setting up direct deposits with one bank or another may even be required by your employer, as it saves them money. To encourage employee sign up, some businesses have online portals where you can get your direct deposits arranged - check with your payroll department if this is possible for you.

If not, you can download the Bank of America direct deposit form, complete it and hand it in to payroll to get set up. If you’re enrolled in online banking you can even get a prefilled form - just check over the details, sign and hand over to your employer.

Set up a Bank of America direct deposit from the U. S. Treasury

If you receive benefits or other payments through the U.S. Treasury, you can request a direct deposit payment in the following ways:

  1. Sign up online at
  2. Apply by phone on 8003331795
  3. Visit a Bank of America financial center to discuss your requirements

What time does direct deposit hit your Bank of America account?

Direct deposits paid into Bank of America accounts will arrive on the same day they’re released by the depositor.

Bank of America direct deposit: How long does it take?

Bank of America doesn’t release specific deposit times. However, you can set up your online or mobile banking to receive alerts whenever a deposit is received. That way, you’ll know when your money has arrived safely.

bank of america direct deposit

Bank of America direct deposit: Should you set one up?

Getting your pay, social security or other federal benefits paid directly into your bank account is convenient, quick and free. It’s safer than handling checks, can be paid even if you’re not physically in your office on payday and can mean you get your money more quickly compared to other methods. If that sounds good to you - why not set up Bank of America direct deposits today?

Save on international transfers with Wise

If you like the quick and convenient service provided by Bank of America direct deposit payments, you’ll love Wise. If you need to send a payment overseas once you’ve received your paycheck, Wise can help, with low cost international transfers which use the real mid-market exchange rate every time.

Set up your payment online and have it delivered to your recipient’s bank account for convenience. You’ll see how long your payment will take to arrive when you set it up - Wise payments are often much faster than your regular bank can manage.

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Direct deposits for salary and U.S. Treasury payments are convenient and free. What’s not to love?

If you have a Bank of America account, you can easily set up a direct deposit. To get started, head to your online banking to get your prefilled direct deposit form and all the information you could need.

Frequently asked questions

Does Bank of America have free direct deposit?

Yes. Bank of America direct deposits are free.

Why didn't my direct deposit go through Bank of America?

If your direct deposit payment is delayed, this may mean that it was released by your employer later than usual. If the transfers missed BoA’s payment deadline, this can result in short delays. Ask your employer’s payroll department for more information, so you can track your payment.

Does Bank of America do early direct deposit?

Bank of America direct deposit payments are available on the same day they’re released by the employer or other depositor.


1]Bank of America - setting up direct deposit
2]Bank of America direct deposit application form

All sources checked on 26 August 2021

*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.

This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.

We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.

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