Direct deposit has become an employer’s greatest ally in ensuring that all employees receive their benefits on time. However, when you find yourself unemployed, questions often arise about whether you can acquire it.
Now you can apply for unemployment benefits. It has become a simpler procedure since the situation with the pandemic and the need to keep most of the population at home.
How does direct deposit with unemployment work?
To obtain the direct deposit option, you must fill out the form on behalf of your employer or entity that will deposit the funds. One of the options is government assistance, where you will find the system dedicated to delivering unemployment payments.
You must go to your Chime online page and log in as you always do with your account. Go to the settings and click on the direct deposit option. You will find a PDF to fill out that you can print or use a special editing program to enter your information.
Then you must contact the unemployment offices in your city and take the form to the one they indicate. You must wait during the two corresponding payment cycles to begin receiving payments, which is how long it generally takes for the information to be evaluated.
What happens if I quit or get fired before the payment date?
You do not need to worry about losing your job before the pay date, and your employer usually makes payments by direct deposit. You will receive your last paycheck as usual because it will be the days you worked before you left the company.
In case of delay, you should contact the company and request information about your outstanding payment. Delays do not occur regularly but may be due to payroll problems or issues with the banking platform through which funds are transferred.
What are unemployment benefits?
Depending on where you are, you can acquire different benefits while unemployed. Only people who lose their jobs without fault are eligible for these options.
For example, many companies declared bankruptcy during the pandemic and laid off all employees. Those individuals are eligible to receive the benefit until they find new employment.
The CARES Act also states, “Coronavirus Assistance, Relief, and Economic Security Act.” Eligible for benefits is part-time workers, workers who are quarantined pending return to work, self-employed workers, and employees who are no longer performing their duties due to risk of infection.
How long does unemployment direct deposit take?
When you first receive it, it can take two traditional payment cycles. As we said before, they use this time to verify all of your information and add you to the benefit payroll. After that time, there should be no delay.
Direct deposits are almost always received on the agreed date, and in the event of a weekend or holiday, will deposit them two days earlier. When you have problems, you should contact Chime through the online page with ChatBot.
How much is the unemployment payment usually?
Again, the price depends on the city you are in and your earnings at your old job. The conditions that cause you to be unemployed also play a role; in this regard, some weekly benefits are:
- California: $40 – $450 per week
- New Jersey: Maximum weekly benefit of $713
- Texas: $68 – $507 per week
- Washington: $188 – $790 per week
You should check with your unemployment agency to find out what your maximum weekly benefit will be. You can do this after you submit the necessary documents to be part of the unemployment program.