What Methods Banks Count As Direct Deposit?

Here at Bank Checking Savings, we try to find the best bank deals for our readers so you guys can max out on checking and savings bonuses. If you’re familiar with these offers, you will know that they often come with some kind of direct deposit requirements. The terms and conditions usually define Direct Deposit as an electronic deposit of your paycheck, pension, or government benefits (such as Social Security) from your employer or the government. However, many banks have trouble verifying these transactions or simply don’t have the time. In an effort to help our readers save time and energy, we have put together a table of several banks that accept alternative direct deposit methods. Our table will be a great resource for those of you who don’t have a paycheck or government benefits to satisfy direct deposit requirements.

Chase Total Business Checking® Earn a $200 cash bonus when you open a new Chase Total Business Checking® account then deposit $1,000 or more in new money within 20 business days & maintain that balance for 60 days, and complete 5 qualifying transactions. Learn More---Chase Total Business Checking Review

Chase Total Checking® + Chase SavingsSM Earn a $200 bonus when you open a new Chase Total Checking® account and set up direct deposit. Also earn a $150 bonus when you open a new Chase SavingsSM account, deposit a total of $10,000 or more in new money within 20 business days & maintain a $10,000 balance for 90 days. Apply Now---Chase Total Checking + Savings Review

Chase Premier Plus CheckingSM Get $300 when you open a new Chase Premier Plus CheckingSM account and set up direct deposit. Access to over 16,000 Chase ATMs and 5,100 branches. Customer earns interest. No Chase fee on first four non-Chase ATM transactions. Apply Now---Chase Premier Plus Checking Review

Chase College CheckingSM: Get $100 as a new Chase checking customer when you open a Chase College CheckingSM account, enroll in paperless statements and complete 10 qualifying transactions within 60 days of account opening. The account comes with free Chase Debit Card, Mobile Check Deposit, Banker guidance, Text banking and QuickPay with Zelle. Get Coupon---Chase College Checking Review

ACH Transfers: Most if not all bank accounts have Automated Clearing House (ACH) Transfers which is a free way to transfer money between financial institutions. This popular method of direct deposit can usually be completed within 2 business days. You may also be able to use a Person2Person payment such as Chase Quickpay, PayPal, Amazon Payments, Bluebird, etc.