Anyone Know Of A Rewards Checking Without ACH Deposit Requirement?

ges74 | May 3, 2011 | 2 posts since 2011

Apologize if this question has already been asked...I am self employed performing project based work (read: income some months, no income other months) which makes it difficult for me to set up a recurring ACH deposit. Anyone know of higher interest checking accounts out there that do NOT require the ACH deposit? Thanks so much, GES

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Answers

51hh | May 3, 2011 | 1,693 posts since 2010

Even when they specify salary/payroll deposit, one may still experiment it. I found at least one credit union that states strictly payroll deposit, it turns out that ACH into the credit union is just fine.

Alan | May 3, 2011 | 33 posts since 2010

I have found that most banks and credit unions requiring Direct Deposit, accept automatic ACH transfers from another bank/cu. Those that require an actual paycheck or Social Security check generally state that up front in the advertisement/application.

Mike | May 3, 2011 | 315 posts since 2010

My understanding from other posts, is that some banks will honor bank transfer deposits as a fulfillment of that requirement. I don't think all banks require it to be a paycheck. A customer service representative at the banks u may be interested in should be able to clarify that for u.

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