What Works for Direct Deposit Requirements for Bank Account Bonuses
This is a list that will help you figure out how to meet direct deposit requirements for bank account bonuses. When a direct deposit is part of the requirements to get a new account bonus, a regular direct deposit from your employer will always work. However, in most cases a simple ACH transfer from another bank account will also do the trick. Below you can find a list of what ACH transfers work for each institution.
Let me know in the comments of any recent data points that I can add, or any of the listed options that no longer work. See below to find out what works for direct deposit requirements for bank accounts that I often write about here on the site.
Bank of America
Doing a ACH transfer from the following accounts will count as a direct deposit:
- Serve
- SoFi Money
- Transferwise
- Treasury Direct
- Wealthfront
Bank of the West
Doing a ACH transfer from the following accounts will count as a direct deposit:
- Capital One
- Chase
- Discover
- PayPal
BMO Harris
Doing a ACH transfer from the following accounts will count as a direct deposit (last updated 11/12/20):
- TransferWise
Capital One 360
Doing a ACH transfer from the following accounts will count as a direct deposit:
- Goldman Sachs
- Robinhood
Chase
Doing a ACH transfer from the following accounts will count as a direct deposit:
- Firstrade
- Goldman Sachs
- M1 Finance
- PenFed
- SoFi Money
- SoFi Invest
Comerica
Doing a ACH transfer from the following accounts will count as a direct deposit (last updated 11/12/20):
- Capital One
- Wells Fargo
Fifth Third Bank
Doing a ACH transfer from the following accounts will count as a direct deposit:
- Ally
- Capital One
- Charles Schwab
- Chase
- Discover
- Paypal
SAFE Credit Union
Doing a ACH transfer from the following accounts will count as a direct deposit:
- Discover
Santander Bank
Doing a ACH transfer from the following accounts will count as a direct deposit:
- Alliant
- Ally Bank
- Chase
- Fidelity
- Wells Fargo
Service Credit Union
Doing a ACH transfer from the following accounts will count as a direct deposit:
- Alliant
- Discover
- SoFi Money
US Bank
Doing a ACH transfer from the following accounts will count as a direct deposit:
- Alliant
- Ally
- Capital One
- Charles Schwab
- Discover
- PNC
- SoFi Money
- Tech CU
- USAA
- Wells Fargo