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Direct deposit frequently just means ACH transfer, which can even be from your own account at another bank. Need $250 in direct deposit? Transfer $125 in on the
by tedunangst 9y ago
Direct deposit frequently just means ACH transfer, which can even be from your own account at another bank. Need $250 in direct deposit? Transfer $125 in on the 1st, out the 7th, in the 15th, out the 22nd.
- lykr0n 9y agoNo. Most banks can see the difference between an ACH and direct deposit. M&T doesn't, but Chase does for example.
- tedunangst 9y agoOh? Chase was actually the bank I was thinking of, since they waived the fee on my account as a result of transfers from another account. Been a few years though.
- vonmoltke 9y agoI have never heard of a bank charging customers to receive money. I pay to send money to people at other Banks, but they pay to send it to me.