Originally Posted by
zsnyder821
Does anyone know the minimum direct deposit amount that is allowed. Through my company's payroll, I can send my paycheck to up to three different banks and can specify the amount for each. If I can send only a $1 to the chase account and still qualifies as a direct deposit, that would be great. Then I won't have to worry about making those 5 transactions each month.
I asked a CSR about that a couple of months ago, and the answer was that there was no minimum. I've got $5 per pay period set up as a direct deposit on one account. I've gone through one billing period now with the direct deposit being the only activity, and was not charged a fee. And be advised this is only for the Personal account monthly fee waiver. I don't think you can get the Bus account fee waived with a direct deposit - you need to do the 5 debit card transactions per month.