Wells Fargo DOES count ING as direct deposit. I have used direct deposit from ING to my WF account for the last 3 years to avoid bank fees.

vamos said:a question - when you use citi or other banks service to pull the money out of ING, does that also count as a DD vs pushing the money from ING?. coz the registering of accounts via ING with mailing the check etc takes a week+.

Withdrawl your bank initiates is not likely to count as direct deposit.

figured but wanted to be sure. think i'll just use paypal for doing $1 DD to various accounts that require it to avoid fees vs mailing a check with your name/addie on it. plus the few pennies here and there you get for registering your accounts via PP .


ArthurDent said:vamos said:a question - when you use citi or other banks service to pull the money out of ING, does that also count as a DD vs pushing the money from ING?. coz the registering of accounts via ING with mailing the check etc takes a week+.

Withdrawl your bank initiates is not likely to count as direct deposit.

USAA is also a government company.
Whether ACH from USAA can be consider as DD by some banks?


lsufanatic said: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)
Charter One (ACH push, ING)
Citibank (ING)
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)
Salem Five (ACH push)
SunTrust (ING, PayPal)
Wachovia (ING)
Washington Mutual (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)

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

Great thread.

I opened a Plus E checking account at TCF Bank - they required I buy a box of checks for $14. I then linked my Paypal account and transferred a little over $100 to my new TCF account. That was good enough to get my $14 check printing charge reversed.

I was told Paypal direct deposit is also works to waive the monthly fee for Plus E Checking.

Please note: Paypal will not work to get the $75 direct deposit bonus because they make you bring your paystub into the branch office to verify that you are having the full amount of you check directly deposited into the checking account.

Very helpful thread.

Question: does the amount matter? For instance, I just set up recurring transfers from ING to BofA to fulfill the DD requirement. I used $30 as the amount, but can it be less? Or should it be more? Or maybe it doesn't matter - anyone know? Thanks!

I don't understand the point in this thread... aren't most checking accoutns free anyways? I know some banks offer a better account for those with DD, but isn't it usually minimal at best (like some demeaning interest rate)?

Confirmed.

Bank One - Paypal

On statement: "Your monthly service fee was waived because you had Direct Deposit activity during the statement period."

The only deposit in this period was a Paypal xfer of $18.92

The account is a One Checking account from Bank One.

ArthurDent said:Bank of America checking treats ACH transfer originating from ANY another account as a direct deposit. I confirmed this information last time I was at a branch.

Be careful. If a company sends you a CCD (corporate ACH credit) it may not count.

Direct Deposit is a subset of ACH transactions. The PPD code shows that it is a consumer transaction. Without physically reviewing the transaction, I'm not aware of any easy way for a bank to see a transaction is NOT a direct deposit.

A good question to ask when opening your account is, "does it need to be direct deposit, or simply a PPD credit?"