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OFFICIAL Banks That Count ING/Paypal/ACH Push Transfers as Direct Deposits. Post your experience please! Updated regular

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rated:
   posted: Jan. 31, 2005 @ 1:18p
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I would like to compile a master listing of which banks count ING Direct, Paypal, Emigrant Direct, or CashEdge/ACH push transfers as direct deposits. I realize that we have mentions of some of this information in various threads on specific bank account bonuses, but I thought it would be helpful to have a single source for ready reference.

I will begin the master list on the next post with the little bit of information I know from personal experience, and will update periodically based on the information posted in the replies to this thread. When posting, please post which methods you have successfully used to fulfill your bank's direct deposit requirements. Thanks!

Note: I am updating the list based on exactly what is reported. I am trying to assume nothing. Therefore, if someone only mentions ING works, it will only be listed on the ING list. It can probably be assumed that CashEdge would work in this case as well, but I will not add to the list until someone verifies it.

New list format: I have made a single list for banks that count any psuedo-direct deposit methods, with the methods confirmed in parenthesis. Also, since the term Cashedge is foreign to many and not completely applicable in some situations, I will simply refer to these types of transactions as ACH pushes.

Message edited by: FatWallet moderator on 2006-05-29 00:56:47 CDT
   posted: Jan. 31, 2005 @ 1:18p

All you ever wanted to know about Direct Deposit:
http://www.electronicpayments.org/

never ask any bank rep to confirm if ING/Paypal/ACH push transfer is counted as direct deposit!

Banks that count ING/Paypal/ACH push transfers as direct deposits (confirmed successes):

Bank of America (ING, Paypal, ACH push)
Bank of the West (ING, Paypal)
Bank One (ING, Paypal, ACH push)
Bank of New York (ACH push)
Capital One (ING)
Charter One (ING, ACH push)
Chase (ING, Paypal, ACH push) - seems to only allow ACH push and only from some banks, YMMV
Citibank (ING, Paypal, ACH push)
Citizens Bank (ING)
Columbia Bank (Paypal)
Commerce Bank (ING, Paypal) - refers to one in the northeast
Commerce Bank (ING) - refers to the one in Missouri
Compass Bank (ING)
E-Trade Bank (ING, ACH push)
HSBC (ING, Paypal, ACH push)
Huntington National Bank (ING, PayPal, ACH push(from E-Trade) )
KeyBank (Paypal, HSBC, ACH push)
LaSalle (ACH push (Etrade))
M&I Bank (Marshall & Ilsley) (Paypal)
M&T Bank (ACH push (HSBC trial deposit))
PNC Bank (Paypal, ACH push, ING)
Principal Bank (ING)
Salem Five (ACH push)
Sovereign (ACH push-Etrade, ING)
SunTrust (ING, Paypal)
TD Banknorth (ACH push)
UFBDirect (ACH push)
USAA (ING)
US Bank (Paypal, ACH push)
Valley National Bank (ING)
Wachovia (ING, ACH push)
Washington Mutual (ING, ED, Paypal)
Wells Fargo (ING?) - One report that ING is counted as DD, one report that it isn't...YMMV

Banks that don't count ING/Paypal/ACH push transfers as direct deposits (confirmed failures):

Charter One (no Paypal)
Chase (no ING and Paypal?) No bonus after 30 days
MeadowsCU (no ACH push)
Metropolitan National Bank(NY)
PNC Bank (no Etrade, no GMAC)
Presidential Bank
Salem Five (no PayPal)
Sovereign (no HSBC Direct) No DD bonus.
Wachovia (no Paypal)
Wells Fargo (no ING?)

Message edited by: TribeTime on 2009-05-06 09:52:12 CDT

rated:
   posted: Jan. 31, 2005 @ 1:19p
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Updated July 29, 2005

Banks that count ING/Paypal/ACH push transfers as direct deposits

Bank of America (ING, Paypal, ACH push)
Bank of the West (ING, Paypal, Emigrant)
Bank One (ING, PayPal, ACH push)
Charter One (ACH push, ING)
Chase (ING)
Citibank (ING, Emigrant, Paypal)
Citizens Bank (ING)
Commerce Bank (ING, Paypal) - refers to one in the northeast
Commerce Bank (ING) - refers to the one in Missouri
Compass Bank (ING)
E-Trade Bank (ING, ACH push)
HSBC (ING)
PNC Bank (ACH push, Paypal)
Principal Bank (ING)
Salem Five (ACH push)
SunTrust (ING, PayPal)
USAA (ING)
Wachovia (ING)
Washington Mutual (ING, Paypal)
Wells Fargo (ING???) - One report that ING is counted as DD, one report that it isn't...YMMV

Banks that don't count ING/Paypal/ACH push transfers as direct deposits (confirmed failures)

Charter One (no PayPal)
Presidential Bank
Wells Fargo (no ING???)
Wachovia (no PayPal)

Message edited by: lsufanatic on 2005-07-29 15:07:50 CDT
rated:
   posted: Jan. 31, 2005 @ 1:20p
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BofA


rated:
   posted: Jan. 31, 2005 @ 1:35p
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lillazyfats81: Can you confirm if you successfully used CashEdge or ING or both? Thanks!


rated:
   posted: Jan. 31, 2005 @ 1:37p
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Salem Five counted the two small deposits which were made by E-Trade(to verify linked account) as a Direct Deposit
so I bet they'll count any ACH as DD.


rated:
   posted: Jan. 31, 2005 @ 3:56p
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I just noticed Bank One ( student checking account) treats money transferred from INGDirect to bank one as DIRECT DEOSIT.


rated:
   posted: Jan. 31, 2005 @ 5:42p
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lsufanatic said:lillazyfats81: Can you confirm if you successfully used CashEdge or ING or both? Thanks!

Bank Of America CONFIRMED with ING Direct and Paypal.

PS. Thanks for the thread. Please keep it updated. I find it very useful.

Message edited by: lillazyfats81 on 2005-01-31 17:42:56
rated:
   posted: Jan. 31, 2005 @ 6:04p
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etrade will take ING as direct deposit.


rated:
   posted: Jan. 31, 2005 @ 7:17p
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Wells Fargo does not treat ING Direct xfers as direct deposits

Message edited by: LalOoYadAv on 2005-02-02 00:08:08
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   posted: Feb. 1, 2005 @ 11:14a
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What is a cash edge transfer.Is it also an online bank?
Thanks


rated:
   posted: Feb. 1, 2005 @ 11:56a
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shalein said:What is a cash edge transfer.Is it also an online bank?
Thanks

CashEdge is an online application used by various banks and credit unions to facilitate transfers between institutions as part of the institution's online banking functionality. I'm not sure which institutions use CashEdge, or something similar, but some (like my CU) allow transfers free of charge, subject to certain daily and monthly limits. For instance, my CU will allow free 3 business day transfers up to $2000 daily (only complication is that the transfer will count against you daily limit each day until it clears, so it is really a limit of $2000/3 days), and up to $25,000 monthly. I know ETrade Bank and VirtualBank use CashEdge or a similar application to allow these transfers as part of their online functionality as well. Bank of America offers it as well, although they charge a service fee on outgoing transfers.

Hope this helps!


rated:
   posted: Feb. 1, 2005 @ 11:10p
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Any experience with Citibank?


rated:
   posted: Feb. 2, 2005 @ 12:11a
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Bank of the West counts Emigrant, ING, and PayPal as a Direct Deposit.

Message edited by: vdadlani219 on 2005-02-02 00:12:15
rated:
   posted: Feb. 2, 2005 @ 9:08a
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helloagain said:Any experience with Citibank?

Confirmed: Citibank treats ING as Direct Deposit.


rated:
   posted: Feb. 2, 2005 @ 9:42a
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Compass Bank counts ING as direct deposit. My statements show "Credit for ING Direct Deposit ..."


rated:
   posted: Feb. 2, 2005 @ 10:39a
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Same here. Citi confirmed ING deposit as Direct Deposit as i never keeo $1500 on my Citi Checking.


rated:
   posted: Feb. 3, 2005 @ 1:26p
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Updated on 2/3/05 for information found in other threads.


rated:
   posted: Feb. 3, 2005 @ 2:45p
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Sent money via Paypal to Commerce Bank (The one in the North East area) treated as DD
Sent money via Paypal to Washington Mutual - treated as DD

Will test ING soon

Message edited by: lowmazda on 2005-02-03 14:46:07
rated:
   posted: Feb. 3, 2005 @ 3:21p
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HSBC labels ING as Direct-Deposit.

Glad to know citi treats it as DD too.


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