Tweet
does anyone know if Bank of America accepts paypal for direct deposit since you have to have one with my account?
-
-
Re: BOA direct deposit
No offense but the question doesn't make sense.
I am assuming that you mean if you set up BOA as a linked account with your PayPal account? In which case, the answer is no. That would not qualify as direct deposit.
-
Re: BOA direct deposit
there was a thread a while ago about which banks accept which forms of direct deposit but I cant find itComment
-
Re: BOA direct deposit
here it says paypal is acceptedComment
-
Re: BOA direct deposit
It seems odd to me. But that (as described on the linked site) "psuedo-direct deposit method" may very well work. It would bother me that the post you've linked to includes a warning to not try to confirm with the bank that they accept PayPal as a direct deposit. That's because they will likely tell you no. Still, the best way to know if you can make it work is to try it for yourself, I suppose.
Personally, I wouldn't bother. If you don't and can't have your paycheck direct deposited, then get a checking account that is free without requiring it or meet the minimum balance requirement at BOA. Sounds like to much of an unsure thing and a hassle to me.
Comment
-
Re: BOA direct deposit
Well it may very well work, however, it is (as described in linked post) a 'psuedo direct deposit method' that comes with a warning not to ask your bank about it. Sounds like a problem waiting to happen and a hassle to me. Of course, you could try it and find out for yourself.
I have to ask though, if you didn't have/can't have a paycheck direct deposited, then why did you get an account that requires it?
Comment
-
Re: BOA direct deposit
I'm just doing it for the $100, I have done this in the past with BOA for previous offers as well.Comment
-
Re: BOA direct deposit
Ah. Well, good luck to you.
Comment
Comment