What Counts As A Direct Deposit?

A lot of bank account sign-up bonuses require a direct deposit, but not all banks have the same view on what counts as a direct deposit. Below I’ll list the best bank sign-up bonuses and what they consider a direct deposit!

What is a Direct Deposit?

Most people think direct deposits are when you electronically deposit your employer’s paycheck or government benefits to your savings or checking account.

While that’s true, you don’t necessarily need to do that when it comes to bank sign-up bonuses. Changing where your paycheck or benefits are deposited can also be time-consuming.

Fortunately, some banks are more flexible on what they count as a direct deposit when it comes to bonuses. Transferring money electronically from one of your existing bank accounts to the new bank account will work in a number of cases.

The list below shows what banks count as a direct deposit simply by transferring funds with an electronics fund transfer (EFT). Just be sure you’re making a push transfer and not a pull transfer – more on this below.

Each bank is different on what counts so be sure to use one that’s listed under the specific bank you’re applying for.

We’ll keep this post as a running list, so bookmark this page as a future reference to see what banks count as a direct deposit when it comes to bank account opening sign up bonuses.

Ninja Note: Looking for the best bank account bonuses? See the entire list on this page.

Difference between a Push and Pull Transfer

You should always do a push transfer and not a pull transfer in order to qualify bank bonuses. What’s the difference between the two?

  • Push Transfer: You’re logging on to an existing bank account and transferring money to your new bank account (pushing a deposit)
  • Pull Transfer: You’re logging into your new bank account and transferring money to it from another bank account you have (pulling a deposit)

For all other intents and purposes, there really isn’t a difference between to two, but for triggering bank bonuses, banks will only consider push transfers as something that qualifies as a direct deposit.

Final Thoughts on What Counts as a Direct Deposit

If you’re new to bank bonuses, keep in mind banks may change what counts or doesn’t count as a direct deposit at any time. Personally, sometimes I do push transfers from two different banks to increase the chance of success.

Have questions or new data points? Help each other out by commenting on specific bank bonuses on their individual post. Comments here should be more general in nature.

Please note that while this alternative direct deposit method has worked well for many, ultimately the only 100% foolproof way is to do an actual direct deposit (employer or government payment).

List Of Banks (in alphabetical order)

Associated Bank

The following counts as a direct deposit with Associated Bank:

  • Ally Bank
  • PNC

Axos Bank

The following counts as a direct deposit with Axos Bank:

  • Fidelity
  • Data points to be added (please send in personal data points)

BBVA

The following counts as a direct deposit with BBVA:

  • Capital One 360
  • Charles Schwab
  • Fidelity
  • First Tech Credit Union
  • Merrill Edge
  • PayPal (seems to no longer work as of 2/2020)
  • Provident Credit Union
  • TD Ameritrade

BMO Harris

The following counts as a direct deposit with BMO Harris:

  • Ally
  • Robinhood
  • Schwab
  • UFCU

Capital One 360

The following counts as a direct deposit with Capital One 360:

  • Ally
  • Charles Schwab
  • Clearview
  • Discover Savings
  • E*Trade
  • Fidelity
  • Fifth Third
  • First Tennessee
  • Goldman Sachs
  • Robinhood
  • TD Ameritrade
  • Vanguard

Chase Bank

$600 Checking + Savings Bonus | $300 Checking Bonus |

Ninja Update 6/1/2022: For Chase, most of the transfer methods below have stopped working. If your transfer has the description “PPD ID/ACH Transfer”, most likely that means it’s a valid transfer that will trigger the bonus. Anything with a “P2P” in it will no longer work.

The following counts as a direct deposit with Chase Bank:

  • Ameritrade
  • CBC Federal Credit Union
  • Circle Pay
  • CIT Bank
  • Connexus Federal Credit Union
  • Consumers Credit Union
  • DoorDash
  • Elements Financial
  • Fidelity Investments (doesn’t seem to be working anymore)
  • First Technology Credit Union
  • Firstrade
  • Freshbooks WePay
  • Goldman Sachs
  • Google Adsense
  • Gulf Winds Federal Credit Union
  • Gusto
  • Keesler Federal
  • M1 Finance
  • MarketForce Payroll
  • Mercari
  • M&T Bank
  • Northern Bank
  • Orion Federal Credit Union
  • PenFed
  • Provident Credit Union
  • Robinhood (doesn’t seem to be working anymore)
  • Santander Bank (mixed reports since 2020)
  • SoFi Invest
  • SoFi Money
  • Stanford Federal Credit Union
  • TD Ameritrade
  • T-Mobile Money
  • Wise (formerly TransferWise)
  • Uber
  • Uber Eats
  • University Federal Credit Union
  • Vanguard (doesn’t seem to be working anymore)
  • Wealthfront
  • Wisebanyan

Chime

The following counts as a direct deposit with Chime:

  • Ally
  • American Express Serve
  • Apply Pay
  • American Express Bluebird
  • Cash app
  • Charles Schwab
  • Chase
  • Circle Pay
  • Coinbase
  • Discover
  • Hancock Whitney
  • Huntington
  • Northwest FCU
  • PNC
  • TD Bank
  • Wells Fargo
  • USAA
  • U.S. Bank

Citibank

The following counts as a direct deposit with Citibank:

  • Zelle
  • Data points to be added (please send in personal data points)

Citizens Bank

The following counts as a direct deposit with Citizens Bank:

  • ACH
  • Alliant
  • Ally Bank
  • Capital One 360
  • Charles Schwab
  • Chase Bank
  • Fidelity Investments
  • Santander Bank
  • Vanguard
  • Venmo transfers

Current.com

The following counts as a direct deposit with Current:

  • Alliant Credit Union
  • Brex
  • Charles Schwab
  • Discover
  • Elements Financial
  • Northwest FCU

Discover

The following counts as a direct deposit with Discover:

  • Amazon Seller Disbursements
  • American Express Serve
  • Bank of America Business ACH
  • Capital One 360
  • Fidelity
  • Paypal
  • TD Ameritrade

Fairwinds Credit Union

The following counts as a direct deposit with Fairwinds:

  • American Express Business
  • Wealthfront

Fifth Third Bank

$300 Checking Bonus

The following counts as a direct deposit with Fifth Third Bank:

  • Ally
  • Alliant
  • American Express
  • Bank of America
  • Capital One
  • Charles Schwab
  • Chase
  • Citizens
  • Discover
  • eTrade
  • Huntington
  • USAA
  • Capital One 360
  • Liberty Financial
  • Paypal
  • PNC
  • Serve
  • Wise (formerly TransferWise, enter “Payroll” in the payment reference field)
  • Wells Fargo

Go2bank

The following counts as a direct deposit with Go2bank:

  • Wise (formerly TransferWise, enter “Payroll” in the payment reference field)

HSBC

The following counts as a direct deposit with HSBC:

  • Ally
  • American Express Bluebird
  • Chase
  • Discover
  • PNC Checking
  • Robinhood
  • Santander
  • SoFi Money
  • Wells Fargo

Juno (formerly OnJuno)

The following counts as a direct deposit with Juno:

  • American Express Business checking
  • Wise (formerly TransferWise, enter “Payroll” in the payment reference field)

KeyBank

The following counts as a direct deposit with KeyBank:

  • ACH
  • American Express Serve
  • Capital One 360
  • Chase (but instant transfers)
  • Discover (but not savings)
  • E*Trade
  • Huntington
  • Navy Federal Credit Union
  • Paypal
  • Stripe Transfer
  • TD Ameritrade
  • Wise (formerly TransferWise)
  • USAA
  • Wells Fargo
  • Venmo

MoneyLion

$55 Referral Checking Bonus

The following counts as a direct deposit with MoneyLion:

  • Alliant
  • Ally
  • Capital One
  • Charles Schwab
  • Chase
  • Discover
  • Fidelity
  • First Bank
  • First Tech
  • Marcus
  • PenFed
  • PNC
  • Robinhood
  • SoFi
  • TD Bank
  • T-Mobile
  • US Bank
  • Wise (formerly TransferWise)
  • Wells Fargo

PeoplesBank (MD & PA)

The following counts as a direct deposit with PeoplesBank:

  • Alliant
  • Ally
  • Charles Schwab
  • PNC
  • Wells Fargo

People’s United Bank

The following counts as a direct deposit with People’s United Bank:

  • Alliant
  • American Express Bluebird

PNC Bank

The following counts as a direct deposit with PNC Bank:

  • Alliant
  • Ally
  • American Express
  • Bank of America
  • Capital One 360
  • Chase
  • Fidelity
  • PayPal
  • PenFed
  • Wise (formerly TransferWise)
  • Venmo transfers
  • Wells Fargo (mixed reports)

Regions Bank

The following counts as a direct deposit with Regions Bank:

  • ACH
  • Alliant
  • Ally
  • American Express Serve
  • Bank of America
  • Capital One 360
  • Charles Schwab
  • Chase
  • First Tennessee
  • PenFed

Santander Bank

The following counts as a direct deposit with Santander Bank:

  • Alliant
  • American Express
  • Capital One 360 (mixed reports, I wouldn’t depend on this method alone)
  • BMO Harris
  • Chase
  • Charles Schwab
  • Fidelity
  • PayPal (no longer valid)
  • Wells Fargo
  • Venmo transfers

SoFi

$325 Checking Bonus

The following counts as a direct deposit for SoFi bonus offers:

  • Ally
  • Altra
  • Astra
  • Brex
  • eBay (managed payments)
  • Gig Payouts (DoorDash, Grubhub, Instacart, Lyft, Uber Eats)
  • PNC
  • Revolut
  • Treasury Direct
  • Wise (formerly TransferWise)

SunTrust

The following counts as a direct deposit for SunTrust bonus offers:

  • ACH
  • Ally
  • Alliant
  • Adventure Credit
  • Capital One 360
  • Charles Schwab
  • Chase
  • Discover
  • Fidelity
  • Goldman Sachs
  • Navy Federal Credit Union
  • Vanguard
  • Wells Fargo

TD Bank

The following counts as a direct deposit for TD Bank bonus offers:

  • ACH
  • Ally
  • Alliant
  • American Express Savings
  • Bank of America
  • Barclays Savings
  • Capital One 360
  • Charles Schwab
  • Chase (doesn’t seem to be working anymore)
  • E*Trade
  • Fidelity
  • Marcus
  • PNC
  • Truist (formerly Suntrust)
  • USAA
  • Vanguard
  • Wells Fargo

Truist

The following counts as a direct deposit for Truist bonus offers:

  • Capital One 360
  • Charles Schwab
  • Chase
  • Fidelity
  • Public.com
  • TD Ameritrade
  • Vanguard
  • Wells Fargo

Wells Fargo

The following counts as a direct deposit for Wells Fargo bonus offers:

  • Bank of America
  • E*Trade
  • Fidelity
  • HSBC
  • KeyBank
  • PayPal
  • PNC Bank
  • Robinhood
  • Santander Bank
  • SoFi Money
  • USAA
  • Venmo transfers

U.S. Bank

The following counts as a direct deposit for U.S. Bank bonus offers:

  • ACH
  • All America Bank
  • Alliant
  • Ally Bank
  • American Express Serve
  • Apple Cash
  • Capital One 360
  • Cash App
  • Charles Schwab
  • Chase
  • Discover
  • DCFU
  • Fidelity
  • Goldman Sachs
  • Marcus
  • PayPal
  • PNC
  • School’s First Credit Union
  • Simple
  • SoFi Money
  • Tech Credit Union
  • Unify FCU
  • USAA
  • Wealthfront
  • Wells Fargo
  • Western Vista Federal Credit Union
About John Pham

John Pham is a personal finance expert, serial entrepreneur, and founder of The Money Ninja. He has also been fortunate enough to have appeared in the New York Times, Boston Globe, and U.S. News & World Report. John has a B.S. in Entrepreneurship and a Masters in Business Administration, both from the University of New Hampshire.

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Larry
Larry
21 hours ago

John

The list for Chase indicates Fidelity is no longer valid. I was successful using Fidelity in February of this year

Jess
Jess
29 days ago

Does US Bank still count a paypal transfer as a direct deposit for their promo? I just called and asked and they said no… but maybe they don’t want me to know that it’ll work haha. thank you!

Larry
Larry
1 month ago

John Axos accepts Fidelity as a valid ACH deposit for their bonus.

Sweepster
Sweepster
1 month ago
Reply to  Larry

I can confirm that. Currently doing their $300 bonus and a push from Fidelity triggered the bonus.

Larry
Larry
3 months ago

A note on Santander. Their Bonus requires you to go into the branch to open. They said Fidelity would not count as a ACH deposit. From past experience and John’s list I opened anyway, used Fidelity and got the bonus.

Sweepster
Sweepster
1 month ago
Reply to  Larry

Correct. Their current $400 bonus can be opened online and a push from Fidelity will get you the bonus.

Larry
Larry
3 months ago

John I don’t see Citibank listed here Do we know what counts for their deposits? The refer to Enhanced Deposits but don’t know what that is.

M H S
M H S
2 months ago
Reply to  Larry

I’d 2 Zelle to the account.
And the money cake about 2 weeks after the second Zelle.

But I also did Wells Fargo and Cap 360 just in case. They both showed ACH but the bonus came the next day so I doubt those factored in.

Larry
Larry
1 month ago
Reply to  M H S

Thanks. I did two ACH items from Fidelity and received the bonus within 5 days.

Joe Delaney
Joe Delaney
4 months ago

In the list of institutions that work for Chime, is Apply Pay referring to Apple Pay (or more accurately, Apple Cash) & is that method still working? Isn’t that the same as simple ACH?

K
K
8 months ago

One question reading your guidance “Push Transfer: You’re logging on to an existing bank account and transferring money to your new bank account (pushing a deposit)”

When executing this push transfer, does it matter if I am the owner of the existing bank account i.e. transferring from my existing account to my new account? Or does the bank account have to be owned by someone else e.g. a family member?

Jess F
Jess F
7 months ago
Reply to  John Pham

Does anyone know what works with Sofi? Can I execute a ACH push from Chase to Sofi to qualify for bonus?

PRS
PRS
5 months ago
Reply to  K

hello John,

I recently opened a Sofi bank account and did a push from PNC Bank. but it shows a Deposit and PNC-External something in description. I tried from Fidelity as well, but no luck.

I do not think bank will consider as Direct Deposit. Just wanted to highlight, so you can update the article.

Or let me know if I am missing anything

Dillon
Dillon
9 months ago

so doing an ACH transfer from Chase to Capital One 360 will not trigger the bonus, correct?

RK
RK
10 months ago

Chase to PNC showing as a transfer instead of direct deposit.

Shows like below
“JPMORGAN CHASE EXT TRNSFR”

Angel Davis
Angel Davis
1 year ago

I tried a push deposit from Cashapp to chime to trigger the deposit….it didn’t work. And Coinbase said that it couldn’t connect to the chime account. I don’t have any other of the other accounts except for Apple Pay and i don’t really know how to do that. Any pointers on how to get the chime bonus to trigger? Does it take a few days or?

Elektra
Elektra
8 months ago
Reply to  Angel Davis

How much money did you do it for? I think Chime has a $200+ minimum direct deposit amount to trigger the bonus.

Alex Garcia
Alex Garcia
1 year ago

General question, if you while doing a push you have to verify the two micro transactions to be able to do an ACH transfer, does it still count as a direct deposit?

In this particular case I am doing a push from chase to chime

Debra
Debra
1 year ago

Hi Ninja,

Thank you for this information! To initiate the ACH push I would first have to link the two accounts, right? Is it better to do this over Plaid or with trial deposits?

Thanks again!

Steven S
Steven S
1 year ago

I tried to do that w PayPal setting a pp business account only to find out pp don’t do payroll services but anything else should work as long as it’s ach

Sal piccolo
Sal piccolo
1 year ago

John, I am using chase to fund my SoFi account. My question is when funding sofi with a chase push do I use transfer or does it have to be a wire?

Thanks for your help

Sal

Sal
Sal
1 year ago

I’ve read on HSBC WEBSITE (customers who have a current or past HSBC account in the US on file are not eligible for this offer) so there bonus offer is a one timer for us?

john
john
1 year ago

Has anyone tried paying someone from a business account as employee? Why wouldn’t that work? Not necessarily yourself but a family member etc who has a business account. You can set up employees on their and pay them. Does that not work either?

Craig
Craig
1 year ago

Thanks for this list. I did a push from Schwab brokerage to PeoplesBank (MD/PA) last week. No indication of direct deposit in the transaction description, but you think it works? Just curious where/when your data points for this bank are from? Haven’t seen much online elsewhere.

Tori Brumley
Tori Brumley
1 year ago

Does anyone have any experience getting Chime to work with a PayPal push? Thanks

AGD
AGD
1 year ago

Thank you for this list!
A push transfer from SoFi Checking also work for Current (or at least it worked for me!)

Jesse
Jesse
2 years ago

How much time do you need between deposits for the current US Bank Checking promotion? It’s 2 direct deposits totaling at least 5k, so if i push two 2500 transfers in the same day will that qualify?

Tom
Tom
1 year ago
Reply to  Jesse

Jesse,
I have the same question.. Did you ever get the answer?

Scott
Scott
2 years ago

Cash app worked for me with chime

Popsicles
Popsicles
2 years ago
Reply to  Scott

How did you make the transfer? Did you link the bank accounts and then transfer?

Brandon
Brandon
2 years ago

Will cash app still work for chime the terms and conditions on chime say it won’t. The comments Ive read are also a bit old may I have a more updated chime report to activate the sign up bonus. I have mid Florida as my personal bank as well. I linked chime to my mid Florida from the mid Florida app (currently processing) but again on chime it says bank transfers and pay a person won’t work either. Any ideas on what I should do l.

Scott
Scott
2 years ago
Reply to  Brandon

Cash app worked for me with chime

Jared C McGinnis
Jared C McGinnis
1 year ago
Reply to  Brandon

will opening alot of accounts in a short period of time affect credit score? Thanks!

Larry
Larry
7 months ago

My experience recently shows that if you open a large number of accounts you may get flagged at account opening and get denied. This just started happening for me a couple months ago but not all the time. But definitely no hit on your credit score unless you choose overdraft protection at open time (don’t do this).

Trisha
Trisha
2 years ago

So the direct deposit from UberEATS, for which I had to fill out forms just like with any other job, will not work for the chime offer? 😰 It’s coming up as an “EPI payment” so I figured that since it said payment I might be okay, but not seeing it on the list, I don’t want to take the chance of not getting the bonus. I am only a SB user and new to the bank bonus thing, so I do not bank with any others on the list. What’s the easiest way for me to make sure I get the bonus?

MV
MV
2 years ago

When you say Alliant is a valid direct deposit, are you talking about Alliant Credit Union?

RileyD
RileyD
2 years ago

I see that a deposit via PayPal will work with the KeyBank promotion, but my question is this:
How long does that money have to stay in the account? Is there a specific time, or can I immediately pull that money out after I put it in?

Kro
Kro
2 years ago
Reply to  John Pham

Hello! Question. How updated is the TDbank guideline? Their website says person to person bank transfer won’t work as direct deposit for their tdbank beyond checking 300$ bonus

Are you aware that if recently the push transfer for example from PNC counts as td Bank direct deposit ???

Please respond as soon as possible

Megg
Megg
2 years ago
Reply to  Kro

I just had the same problem today, After having account in TD bank for 4 months I was questioning my bonus of$300, Which in December it was a matter of a few days to have the bonus in my account(according to one person I spoke over the phone).
After a month the money are still not there. made a phone call again.
What I found out today…. my transfers from Chase bank that was supposed to be counted as direct deposit (according to this website) it was NOT.
So the TD Bank does not consider money transfer as a direct deposit, It needs to be from the institution that you get the founds regularly (as payroll ,pension, SS, etc,)
DON’T WAIST YOUR TIME SETING UP TRANSFER FROM A DIFFERENT BANK FOR A BONUS with TD BANK. Only direct deposit from payee.

Andrew Greco
Andrew Greco
2 years ago
Reply to  RileyD

Hi. Was the qualifing direct deposit from Paypal into a Key Bank account done by linking the Paypal account to the bank account and just transferring the funds into the Key Bank account ? Hope I get a reply! Thanks in Advance!
Andrew