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A lot of bank account sign up bonuses require you to receive a direct deposit to be entitled to earn the bonus. You can usually use an ACH transfer to trigger the bonus but a lot of banks are cracking down on this. Another tactic is to use Amazon, we’re going to outline the process below.
Contents
The Method
- Sign up to sell on Amazon
- List an item for sale
- Have a friend purchase the item
The Fees
- As an individual you pay $0.99 for every time you list an item and
- Variable closing fee of $1.35 per item sold and
- AÂ 8-15% referral fee
For example, let’s say I sell a book for $10. I’ll pay the following fees:
- $0.99 listing fee
- $1.35 variable closing fee
- $1.5 referral fee
For a total of $3.84 in fees.
The fees are quite high if you need a direct deposit of say $500, but if you only need a direct deposit and no amount is specified (which is the normal for the Chase sign up bonuses) this can be an easy way to receive a qualifying direct deposit.
This method works for the following banks:
- Chase: 1
If you’ve used this method for any other banks, let us know in the comments section people.
There is a fee of $39.99 a month to sign up as a seller
To use an Ally ACH (to count as a direct deposit) you have to go through setting up the target account (with the two trial deposits), right?
Don’t think this works for Sofi Money. All my deposits from Amazon show up as “Deposit”, similar to other bank transfers.
Other people mentioned that DDs in Sofi Money literally show up as “Direct Deposit”.
Reference to this: https://www.doctorofcredit.com/public-offer-sofi-money-75-direct-deposit-bonus-for-existing-users/
Is that way still trigger the DD for Chase?
To become an Amazon seller there is a monthly charge of $39.99. Is this charge new or am I not doing looking in the right place? Maybe there is a way to sell without holding an official seller account? Any help appreciated.
Edit: My mistake. It’s only .99 per listing if you sell less than 40 items per month (which makes sense). In the FAQ they address this: https://services.amazon.com/selling/faq.html
Does this still work on chase?
Yes it works
Can i sell a e-giftcard on cardcash, and qualify chase dd? thx
no it is not working anymore
Does this still work for Chase?
Do you think this would this work for half.com?
I haven’t heard of anybody doing it before, but I don’t see why it wouldn’t work.
This is a great little tip, going to use this to receive the $150 bonus currently on offer.
William Charles
Are you saying to switch your account on Amazon to the Chase debit card to achieve the direct deposit? and why does it have to be a friend that buys something?
Thanks
Laura R Gould
Don’t see why it has to be a friend. I imagine you could try buying your own item under a separate, pseudoanonymous account using a vpn and paying with Amazon cash (incidentally Amazon cash offering a one time 5$ credit).