Originally Posted by
show_me_the_points
With the high yield checking accounts, does Paypal count as an ACH transaction? Are there ways to automate the 10 debit transactions/month? I have 150k in cash earning 1.1% and looking to open 6 or so high-yield online checking accounts. This would mean an incredible amount of work to track, unless I can automate it somehow!
I assume paypal will count, but I know for sure that an automatic transfer from my HSBC account has always sufficed for the "direct deposit" requirement. As for the transactions, I manually make 10 $1 payments on my comcast bill - it takes about 10 minutes to do. I also assume there must be some places that will let you set up multiple automatic payments but it's never been worth my trouble to find one. Please post if you find a better way!