- Beware of posting delays. It can be up to 2 business days, but generally occurs 1 day after the point of sale takes place.
- Some require only signature-based debit card purchase. Make sure you understand what transactions count (internet, PIN, or signature only).
- PayPal tries to process debit cards as an ATM transaction if possible which won't qualify as a debit card purchase. When paying with PayPal, go to Funding Options and specify the Visa/Mastercard network.
- Beware of your bank's statement cycle for qualification. Some have really odd cycle dates (e.g., 3rd Wednesday of the month).
- ACH transfers from an institution like Ally Bank will often meet the bank's direct deposit and ACH requirement.
- Many banks expect the reward checking accounts to be used as primary banking accounts. Making too many small purchases may not disqualify you from receiving the high interest rate, but the bank may close your account.
For more information about reward checking accounts, please refer to this overview of reward checking. To find reward checking accounts in your area or available nationwide, please refer to the reward checking section of DepositAccounts.com.