What Counts As Direct Deposit For Bank Bonus

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Direct deposit for bank bonuses typically refers to recurring electronic transfers of funds from an employer or government agency directly into a bank account. This can include regular payroll deposits, Social Security payments, or other consistent income sources. To qualify for a bank bonus, the deposit usually needs to meet specific criteria, such as a minimum amount or frequency, often requiring at least one or two deposits within a designated timeframe. It's essential to review the bank's terms to ensure compliance with their direct deposit requirements for the bonus.