What Banks Count As Direct Deposits – 2019 Edition

I’ve been reviewing bank promotions & helping readers finding all the best bank promotions for over 12 years. To take advantage of the sign-up bonuses, you must set up direct deposit in order to meet their requirements.

The terms and conditions usually state that Direct Deposit must be an electronic deposit of your paycheck, pension or government benefits (such as Social Security) from your employer or the government. However, banks don’t always enforced this rule and knowing what will trigger direct deposit can save a lot of time since changing your paycheck is very frustrating and time consuming.

Also, there are many people who don’t have the option employer’s paycheck or governments benefits. The list below will help readers to meet direct deposit requirement to earn free money from bank promotions.

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. You’ll find this method to be the most popular, usually within 2 business days, to do an ACH transfers to meet direct deposit requirement. Other methods include Person2Person payment e.g. Chase Quickpay, PayPal, Amazon Payments, Bluebird, etc.

Based on the reported experiences of the many consumers online from sites such as FicoForums, Slickdeals, CreditBoards, Flyertalk, etc, we’ll put together the most extensive list of Banks (alphabetically) on alternative method of direct deposit to trigger a bank bonus.

Click on Review to read more in-depth explanation for each bank bonus such as account type, expiration date, hard or soft pull, credit card funding, geographical restrictions, additional bonus requirements, and early closure fee.

Important: Please help us update our list with your own personal experience by commenting below. If you recently opened a bank account and were able to trigger a direct deposit requirement other than from your employer or the government, let us know by commenting below with the alternative method you used. Thank you.

Disclaimer: We make no promise the information below is 100% correct since banks can change what count as direct deposit often.

Check out the promotions offered from some of the best banks:

• Huntington Bank Promotions
• Chase Bank Promotions
• TD Bank Promotions
• Discover Bank Promotions
• HSBC Bank Promotions
• CIT Bank Promotions
• BBVA Compass Promotions

What Banks Count As Direct Deposits

	HSBC Premier checking account: Get $750 when you open a Premier checking account and make recurring Direct Deposits totaling at least $5,000 from a third party per calendar month for 3 consecutive months from the first full calendar month after account opening. Member FDIC Terms
	TD Bank Checking Bonus: Earn $300 with the Beyond Checking account when you receive direct deposits of $2,500 or more within 60 days of opening your account. Earn $150 with the Convenience Checking account when you receive direct deposits of $500 or more within 60 days of opening your account. Apply Now---TD Bank 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
	Chase Premier Plus CheckingSM – Earn $300 bonus when you open a new Chase Premier Plus CheckingSM account and set up direct deposit. The Chase Premier Checking account comes with free Chase Debit Card, free Online Banking and Online Bill Pay, free Mobile Banking, free Account Alerts, and free access to 16,000 Chase ATMs & nearly 5,000 branches. Apply Now---Chase Premier Plus Checking Review