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:
- Data points being verified – to be updated
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 | $200 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
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
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
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
The following counts as a direct deposit for SoFi bonus offers:
- Ally
- Altra
- Astra
- Brex
- eBay (managed payments)
- 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
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?
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
It would still be considered a push deposit as long as the transaction is completed.
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!
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
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
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?
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?
That should work and has worked for me in the past. Previously, I owned an S-Corp and had to do payroll for W-2 employees (those not paid as a contractor on 1099-NEC/1099-MISC).
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.
Does anyone have any experience getting Chime to work with a PayPal push? Thanks
Thank you for this list!
A push transfer from SoFi Checking also work for Current (or at least it worked for me!)
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?
Hi Jesse – can you ask this question in the specific post so we all know which post you’re referencing?
Jesse,
I have the same question.. Did you ever get the answer?
Cash app worked for me with chime
How did you make the transfer? Did you link the bank accounts and then transfer?
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.
Hi Brandon, have you tried this yet? All banks say bank transfers and paying another person won’t work. That’s standard language, but actual experiences say otherwise.
Cash app worked for me with chime
will opening alot of accounts in a short period of time affect credit score? Thanks!
No, bank accounts aren’t tied to your credit score at all. I’ve personally open at least 20+ a year.
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?
Hi Trisha – can you post this in the specific bank offer you’re referencing? Not sure what bonus you’re trying to take advantage of.
When you say Alliant is a valid direct deposit, are you talking about Alliant Credit Union?
Yes, I’m referring to the Alliant Credit Union: https://www.alliantcreditunion.org
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?
There’s no minimum time frame to keep the money in the account, but don’t close the account before 180 days or you’ll forfeit your bonus. See the KeyBank post here (I reposted your question there for others to see).
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
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.
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
Hi!
I recently signed up for a promotion of $500 from BMO Harris bank does anyone know what would count as a direct deposit with them push/pull
Thanks!
Updated to include BMO Harris – not much works.
What about eBay ACH payments?
Recently After being told a TD Bank that I couldn’t use the coupon that came to my house because my first name was spelled salvtro instead of salvatore because I’m not the person it was addressed to. Instead of telling him how to do his job and check online for any promotions I decided to do it myself at home. Which was a good thing because it directed here to you themoneyninja.com. I’ve been doing the bank bonus thing for a little over five years and wondering how I ever missed you, after reading your blog about the Pull and Push routine I’ve discovered a whole new way!! You have my praise Master!! Thank you! Thank you! Thank you
Grasshopper
Hey Salvatore! Glad you find the site useful! Apologies for the late response. Hope to see you around. What bank bonuses are you taking advantage of now?
As many as I can find my list CITIZENS, Citibank (has 2 promos $700 gold acct usually do that 1x year this year I got screwed cause they took to long to open act online (Next time I’ll be going to the branch) missed deadline after me complaining got 300.00 but found there investment acct deal for 500 bonus plus got a email promo for 150 direct dep so I’m plus 250) TD, Wells Fargo, Upgrade ( nice one $400 recommended by Credit Karma) Pnc,chase,mnt,usbank(I’m in nj so first had to open a cc) Santander,ally,Bankofamerica, a few years ago tried my first was hsbc was new to the game missed the dead line transfer for the bonus they got wise to the game and put a 3 year requirement to be a new customer.
doing a transfer from my Ally to Capital One produced a P2P code so looks like that one doesn’t work now.
The Ally transfer worked for me. Just like the CO CS rep stated any deposit transfers will qualify and trigger the bonus. I did not have a real DD just ACH transfers from outside banks.
18 Nov 2020 opened account funded with $1.00 transfer from Cap One 360 MM
25 Nov 2020 First $500 posted ACH push from Ally CK
01 Dec 2020 pull $500 back to Ally CK
03 Dec 2020 Second $500 posted ACH push from Disc CK
07 Dec 2020 pull $500 back to Ally CK
06 Jan 2021 third $500 posted ACH push from Ally CK
10 Jan 2021 pull $500 back to Ally CK
19 Feb 2021 $400 Cha-Ching! New account bonus
Anyone know which direct deposits 5/3 Bank will (or won’t) accept for their Checking account bonus offers(?)
Does Chime bonus work for Cash app Schwab? Also how much $ DD triggers the bonus?
Yes, per the list, Cash app and Schwab work with Chime to trigger the bonus.
Do you know if it still works with cash app to chime? Their terms and conditions states cash app isn’t a qualifying deposit. I’m hoping it’s referring to a pull transfer. Trying to get my girl and I an extra couple hundred bucks lol thank you
Hi MN,
Does Chase bonus work for Charles Schwab? Also how much $ DD triggers the bonus?
Hi Yuhuda – which Chase bonus are you referring to? There are several. There aren’t enough data points to know if Charles Schwab works with Chase, but I would ask this in the specific Chase post. A lot of members will be able to answer that 🙂
Does Chase bonus work for Charles Schwab? Also how much $ DD triggers the bonus?
???
Can someone here in the group drop me working method to cash out cc
Hi Mathew – what do you mean cashing out CC? You want to take money from a credit card?
Hi Money Ninja,
Under Capitol One 360 you have listed “Clearview”. Is that referencing Clearview FCU in PA? I assumed it had to be something else but I’ve searched “Clearview Bank” and all I can find is Clearview FCU. I have an account with them but it’s so small scale I would be surprised to see it listed of all places.
Hey Dan,
Yes, Clearview is Clearview FCU in Pittsburgh, PA. Very local, but a reader sent an email that it worked for the bonus. Small world, right?!
Especially for HSBC, can you push $5000, pull it out after a few days, and repeat this monthly for 3 months? I don’t see any average monthly balance or minimum deposit duration required.
Hi Karana!
I signed up for the HSBC promotion last summer and I’m currently getting the $120/month bonus. My company deposits my paycheck on the 14th of the month and I transfer it out by the 16th to my regular account. It has worked perfectly.
No min. balance, monthly fee, etc. Just make sure you meet the minimum deposit requirement for the month. (I think it was $5000 direct deposit total per month when I signed up.)
Good luck!
So you’re saying if I go into ally and transfer money into capital one this would qualify as “direct deposit” and trigger the bonus reward?
Hi. I opened a citizens bank account and wanted to get the $300 bonus. I thought the initial deposit counted as an ACH but I dont think it does. So I want to use venmo.
The thing is I’m not exactly how to use venmo to trigger the bonus in the account (I dont use venmo at all). I have a capital one 360 account. Can I link both banks onto venmo, transfer money from 360 into venmo, and then send it to citizens? Or does the money have to be transferred into citizens FROM capital one 360 directly (through venmo)?
Also can I just transfer money from my capital one 360 account to an “external account” and that will trigger? What about if I use bill pay to transfer the money?
Please help! Appreciate your help in advance.
Money ninja, I really need your help. I read a several entries below but did not understand.
Hi Quinn,
I answered you – I think you posted this twice? Please see the comments under the Citizens $400 post.
Great article.
1 – Does a push transfer from Schwab to Chase work for the Chase bonus?
2 – How do you *know* if a push was unsuccessful? Is there any way to know, other than just not receiving the bonus after the deadline passes?
Hi Kevin,
1) For the checking bonus, we haven’t had much data on Schwab so we don’t know if they would work. The others listed will though for the direct deposit requirement. For the bonus on the savings account, I recommend writing a check for mobile deposit. Apparently, some people are having issues transferring $15,000 with bank transfers (Chase’s fraud system providing a false positive).
2) For Chase, 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.
Hello Money Ninja I wish I ready our post before doing wire transfer from Bank of America to Chase . We are waiting on it to reflect in our new account . What do you mean by chase fraud system providing false positive ? Pls kindly explain . Did the people who transfer that have issues fix it and was succeful deposit in there chase savings ?
Hi Hazel, happy new year! If you’re doing a wire transfer you should be fine. The false positive with Chase’s fraud detection system has to do with bank ACH transfers, not wires.
My boyfriend and I are new to this whole “bonus” thing. He just opened the Citizens bank checking and savings accounts and is eligible for the $300 checking bonus. His new job also does not offer direct deposit until 90 days working there otherwise, I wouldn’t be on here googling how to trigger a direct deposit of $500 or more into his new citizens checking account within the next 60 days. I called and the representative said it needed to be considered as “pay wages” or something to that extent. I read your list on what triggers the citizens direct deposits, however I am still sooo confused about what ACH or Ally Bank, or Capital One 360 or Venmo transfers mean? Does it mean I have to make a push transfer (I did understand push vs pull transfers) of $500 or more from an account that we already have set up through one of those listed under the citizens bank? Or can I send him $500 from my Venmo account to his Venmo account and then he transfers it into his citizens account? Will that qualify!? PLEASE HELP!!!! Thanks!!!
Hi Jackii,
Citizens Bank may say it needs to be “pay wages”, but we’ve found electronic transfers at other specific banks trigger the bonus.
So the banks or financial apps you’ve mentioned (Ally Bank, Capital One 360, Venmo) will trigger the bonus as long as the transfer is made when you’re logging onto the Venmo app and requesting the money to be sent to Citizens. This is considered a “push transfer” – you’re “pushing” money from another bank to Citizens.
A “pull transfer” is when you’re logged into Citizens and “pulling” money from another account.
You should always push and not pull. Hope that makes sense.
Hi money ninja! Thank you for the response! I did the Venmo money transfer. I had my boyfriend download venmo app setting it up with his citizens checking account. I venmoed him $510 from my Venmo set up with my bank account and he got it in his Venmo account. Next he transferred the $510 instantly from his Venmo app into his bank account (citizens) making the total amount go to $504. Due to the % that Venmo charges for the instant transfer. We logged into his citizens account app and it shows he has $504 in his account. On the line it says RTP Credit $504.90. I logged into his account thru safari thru the online banking system instead of the app so I can see more specifics, and it said the same thing but more….. looked like this.
RTP Credit $504.90
Realtime Credit Venmo Sender Ref:
20121600021271442
12/15/20. $504.90
Everything under the RTP Credit line in the right hand side is in smaller letters (so it’s basically giving me the reference number of the transfer and the date along with the new balance which is the same since there was $0.00 I. The account beforehand).
Will that suffice as a direct deposit???
Please help out!!! Thanks!!!!!
First Republic has a $750 bonus deal now. Does anyone know what trigger’s their direct deposit? Thanks.
Where did you get this offer, Steve? The First Republic $750 bonus seems to be available in OR only.
Do you know if PayPal will trigger the bonus for Capital One 360 accounts? It shows up as an EFT (Electronic Funds Transfer) when I did it…..does that count as an ACH?
Hi Oz – welcome to this site! I actually ran across your blog a while back (someone mentioned it on a thread I was participating in over at Flyertalk).
To answer your question, I haven’t heard of PayPal working or not working for Capital One 360. Anything that has ACH coded as part of the description has worked in the past. The transfers that have been verified to trigger the bonus are from these banks:
Ally
Charles Schwab
Clearview
Discover Savings
E*Trade
Fidelity
Fifth Third
First Tennessee
Goldman Sachs
Robinhood
TD Ameritrade
Vanguard
I updated this post to include this info.
I’m wondering if it counts as a push deposit if coming from someone else’s account via zelle, PayPal, or venmo, or other? depositing into keybank or chase?
Push deposits from others are viewed in a similar fashion as push deposits from yourself. So for KeyBank, you can see PayPal and Venmo are listed as triggering the bonus. Chase doesn’t recognize PayPal and Venmo transfers.
I just talked to Chase and Zelle won’t work. They consider that a bank to bank transfer. Why that doesn’t qualify seems ridiculous to me. I do some work for a friend and she pays me with Zelle, since I’m not her employee, and thought that should work since it’s from her business account…but nope.
Fidelity didn’t work for me as a push to Chase, for either $10 or $1000. Think I might try transferwise.
Any updates Jl100? I’ve been hearing reports that Fidelity is no longer working with Chase and wanted to confirm with you.
To qualify the HSBC $450 bonus, there must be 3 recurring direct deposit for $5000 or more for 3 months after account opening.
I did a push transfer from PNC checking into the HSBC premium checking, but HSBC shown the transfer as Web Transfer P2P. This HSBC premium checking has a $50 monthly account fee if there isn’t $5000 or more direct deposit.
Any idea what I need to do next? Really don’t want to pay the $50 monthly fee 🙁
I know some banks don’t count anything with a P2P in the deposit description, but the P2P designation still works for HSBC.
11/13/19 opened
11/20/19 $5k push from PNC checking (virtual wallet spend account)
12/19/19 $5k push from PNC checking (virtual wallet spend account)
1/16/19 $5k push from PNC checking (virtual wallet spend account)
2/7/20 $750 bonus posted
PNC transfer coded as: DEPOSIT FROM PNCBK SV WEBXFR-P2P
Worked for too.
DP:
6/22: Account opened
7/3: $5000.01 initiated from PNC checking
8/7: $5001.00 initiated from PNC checking
9/10: $5000.00 initiated from PNC checking
10/7: $750 bonus posted
This is what it coded as in HSBC:
DEPOSIT FROM PNCBK CK
WEBXFR-P2P
SYSTEM GENERATED
Opened a HSBC premium checking hoping to receive the $450 bonus. Found out by transfer fund from PNC checking into HSBC premium checking was a Web Transfer P2P and not consider as a Direct Deposit. Anyone out here has success using other banks transfer as a direct deposit?
It worked for me late last year. My data point:
Opened account on 12/16
Pushed 5k from PNC to HSBC Jan, Feb and March
$750 posted
Did you initiate the transfer from PNC and not HSBC? Which deal did you do?
Did a push transfer from PNC checking to HSBC premium checking, but transaction shown Web Transfer P2P. I signed up for the HSBC $450 bonus requires 3 recurring qualifying direct deposit of $5000 or more for 3 consecutive months after account opening. This HSBC premium checking has a $50 monthly fee if without $5000 direct deposit. Any idea how to waive the fee?
Hi, can someone confirm which banks work for HSBC?
These are the financial institutions that no one has reported problems with:
Ally
American Express Bluebird
Chase
Discover
PNC Checking
Robinhood
Santander
SoFi Money
Wells Fargo
does suntrust consider cashapp transfers or PayPal transfers as direct deposits that trigger bonuses
No data on Cash App, but PayPal hasn’t been working for a while.
Confirmed as working for me:
Capital One
Fidelity
TD Bank
You may want to push the question on the specific BBVA post. Maybe someone used PayPal recently can answer.
I gave Fidelity a shot but had no luck so far. How long did the deposit take? Are you pushing from a fidelity cash management account?
Hi, Can someone confirm which all worked for BBVA? Can someone confirm if Paypal push worked and bonus got deposited.
I’m having trouble triggering the direct deposit for Chase Bank. I tried Acorn, Amazon payments and Pen Fed. I’m afraid that I’m going to lose the sign up bonus. I read the Capital One 360 didn’t work recently too.
Hi Catyanna,
I don’t have data points on Acorn, but a lot of people reported PenFed working. I’ve personally used Fidelity and Santander before and they both worked.
How long since you pushed payments to Chase? I ask because the bonus doesn’t post immediately.
Does Robinhood still work on Chase bank because I’ve heard mixed reports?
Hey Philip, Robinhood has been working for Chase for some time and I haven’t heard it not working. Where are you hearing that people are having trouble?
How do you do a push transfer ach from personal
account, and be sure it goes through as that.
Hi Thomas – it’s considered a “push transfer” if you log into your other bank and request a transfer to your new bank account that you signed up for. Going into another bank account to transfer money is always considered a push.
A “pull transfer” is when you are in your new bank account and request money to be transferred into it. You’re “pulling” money away from an outside account.
Does that help?
Awesome this is extremely helpful as i was trying to figure this out and when u call customer service they always tell u its a pay check or a govt payment
Should I be pushing or pulling the deposits?
That’s a great question, VO! You should always be PUSHING into the new bank accounts, not pulling. The terminology may be unfamiliar with some people so I’ll update this post shortly to explain 🙂