Originally Posted by
radonc1
So again I think that I am a bit confused.
I think of "direct deposit" as an ongoing event, such as a paycheck each month or a SS check. I don't think of it as a single non-recurring event. For some reason, that is what I thought banks that give bonuses for opening a new checking account meant by "setting up a direct deposit account". What you are saying is that you only need to make a single "direct deposit" and they will accept that as satisfying the terms and conditions. I didn't know that.
Finally, I have not found it difficult to meet spending requirements for cards using a combination of MS and organic spend. I just obtained a Fidelity 2% CB card and I will easily meet the $2000 spend in 3 months for the $200 bonus.
After my BB beheading, I don't jack around with services I feel are important, such as Venmo and PP.
Yeah - many banks offer bonuses for a direct deposit of 500 or more, which typically comes from an ongoing source, but doesn't have to.
And if venmo is that important to you, then yeah, sounds like you're making the right call. I already passed a close scrutiny with them and sent in documents to verify. After that - no big deal. They have eliminated most GCs anyhow and put a card limit so I don't think they're as worried about MS anymore.
Yeah I haven't touched BB just cuz the shutdowns scare me off. MO's work good enough.