Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

Payday Friday is becoming Payday Wednesday in Minnesota


February 8, 2023

David Joles, Star Tribune

Customers did business at TruStone Financial in Golden Valley.

Payday Friday is increasingly coming one or two days early - on Wednesday or sometimes Thursday.

So are government benefits such as Social Security payments and other direct deposits.

It's not because employers or the government are moving the funds earlier. Rather, the shift is due to a growing number of banks and credit unions following in the footsteps of fintech platforms and advancing the money to customers' accounts before they actually receive the transfers.


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