Just be sure you’re making a push transfer and not a pull transfer – more on this below.Įach bank is different on what counts so be sure to use one that’s listed under the specific bank you’re applying for. The list below shows what banks count as a direct deposit simply by transferring funds with an electronics fund transfer (EFT). Transferring money electronically from one of your existing bank accounts to the new bank account will work in a number of cases. Changing where your paycheck or benefits are deposited can also be time-consuming.įortunately, some banks are more flexible on what they count as a direct deposit when it comes to bonuses. While that’s true, you don’t necessarily need to do that when it comes to bank sign-up bonuses.
Most people think direct deposits are when you electronically deposit your employer’s paycheck or government benefits to your savings or checking account.
