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Deposit Switch

Secure account funding that puts customers in control

A direct deposit switching solution built for the digital future. No payroll forms required.

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The simplicity of direct deposit, without the hassle

 

Mastercard Open Finance uses the power of data to optimize account funding for how we live and work today.

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Pursue primacy with exceptional experience

Direct deposit setup is the most in-demand mobile account opening feature. 

  • More than 85% of total US payroll providers spanning, bespoke enterprise solutions, challenger/HR tech providers, gig-economy platforms and government systems1.
  • 550+ providers who collectively support 2.2M employers in the US1.
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Deposit Switch meets this need with a few simple clicks.

Empower customers

Deposit Switch puts customers in control of their direct deposits, making it fast and easy to fund their accounts.

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Integrate seamlessly

Deposit Switch is embedded in account opening, so switching becomes an effortless part of the customer journey.

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Encourage primacy and drive revenue

Fully engaged retail banking customers with accounts funded by direct deposit are key revenue drivers for their primary banks.

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Deliver the digital-first promise

Updating direct deposits in-app or online eliminates error-prone manual processes and paper forms.

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Developer Resources for Deposit Switch

Learn more about how Deposit Switch works, watch a demo and see user experience flows at Mastercard Developers.

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Consult our team to learn how Mastercard can enhance your business through our products and services.

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*Source: Insider Intelligence, U.S. Account Opening Benchmark, 2022.

1. Atomic 2025