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how can i do a recurring direct deposit?

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Old Mar 3, 2016 | 5:50 am
  #1  
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how can i do a recurring direct deposit?

basically trying to get $250 as a reward for opening my first checking account (broke college student).

I've met the other criteria, I just need to do a recurring direct deposit of $100. But the thing is I don't work, or have social security payments or dividend payments, etc.

Is there any way to bypass this? Can I give a friend $100 and ask them to deposit it from their bank to my checking account as a recurring direct deposit? Or would he need to register him self as a business to do something like that?

Is there any way around this so I can get the $250 reward? Could really use the money
jasonfodor is offline  
Old Mar 3, 2016 | 7:22 am
  #2  
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Originally Posted by jasonfodor
basically trying to get $250 as a reward for opening my first checking account (broke college student).

I've met the other criteria, I just need to do a recurring direct deposit of $100. But the thing is I don't work, or have social security payments or dividend payments, etc.

Is there any way to bypass this? Can I give a friend $100 and ask them to deposit it from their bank to my checking account as a recurring direct deposit? Or would he need to register him self as a business to do something like that?

Is there any way around this so I can get the $250 reward? Could really use the money
Some banks, not all, treat any ACH transfers as meeting the direct deposit criteria. It's worth a shot.

Find your bank on the page linked below for some empirical data.

http://www.doctorofcredit.com/knowle...rect-deposits/
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Old Mar 3, 2016 | 7:24 am
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Maybe get a part time job.
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Old Mar 3, 2016 | 3:10 pm
  #4  
 
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how can i do a recurring direct deposit?

And remember that the bank will send you a 1099 for that $250. It will be reported as taxable income.
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Old Mar 3, 2016 | 9:34 pm
  #5  
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This is where it's great to have two checking accounts with different banks. Do ACH transfers between them. That should satisfy the requirement.
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Old Mar 9, 2016 | 4:29 pm
  #6  
 
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You could try PayPal, it seems to trigger ACH/DD requirements for me so far.
domukin is offline  


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