Posted by William Charles on March 17, 2014
Bank Account Bonuses

Published on March 17th, 2014 | by William Charles

4

Receiving A Direct Deposit From Amazon To Qualify For Bank Sign Up Bonuses

[If you use our link to sell on Amazon, we will receive a small commission if you choose to purchase any items on the site. You don’t have to use our links but by doing so you help this site grow.]

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.

The Method

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
  • A 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.

View all of the fees here

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.

 

[Read: Methods Banks Count As A Direct Deposit]



4 Responses to Receiving A Direct Deposit From Amazon To Qualify For Bank Sign Up Bonuses

  1. David says:

    This is a great little tip, going to use this to receive the $150 bonus currently on offer.

  2. Vanessa says:

    Do you think this would this work for half.com?

  3. Elyasaf says:

    Does this still work on chase?

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