I opened an account because it offers a $400 bonus for opening a checking account and doing ten debit card transactions.
In order to avoid the $8 monthly fee, I have to enroll in online statements and do a direct deposit of $500 or more per month.
I was planning on pushing it from Ally because I read elsewhere that would work. Then I got a welcome email and it said something about doing it from their end.
So my question is does it matter where it originates?
The fine print says "For the monthly fee waiver, we count all ACH direct deposits that post to your account during the account statement period, excluding the last day of the period. ACH direct deposits that post on the last day of the statement period are counted in the following statement period."
I can't do a real direct deposit so I have to fake one via ACH to avoid the I think $8 a month fee.
Even if I have to pay the $8 fee for 6 months, the net bonus would be $352 so Id do it anyway.