01-08-2017 09:21 PM - edited 01-08-2017 09:22 PM
I have other banks that consider ACH deposits as DD. I am going to try ACH transfer from a different bank. If that doesn't work my 3% $3000 CD will become invalid
Idk the legalities of changing one CD to another or if it can be done but maybe you can switch your CD to this one: https://www.navyfederal.org/products-services/chec
01-12-2017 09:04 PM
I also use Chase to push money to NFCU and it reads as a ACH credit.
How would we know if NFCU sees a regular ACH transfer pushed to it as a direct deposit or not? I've been pushing funds from my Chase account into NFCU and it just says ACH credit. My direct deposit finally hit last Friday and it says the same thing as the funds I pushed into it. Both were ACH credit.
01-13-2017 10:24 AM
01-22-2017 08:12 PM - edited 01-22-2017 08:14 PM
I have this exact same question. I also started the 3% cd and need to simulate direct deposit.
After a lot of research I found someone on myfico did it thru state farm bank and wepay.com and possibly transfers from Paypal balance.
Here's the link:
If anyone else knows how to simulate direct deposit to NFCU, please chime in! Thanks
02-09-2017 02:59 PM
I just started $3000 certificates myself 5 days ago (without reading and thinking). I did NOT know anything about direct deposit related to it. I thought one wants direct deposit to avoid checking fee on the e-checking. Somebody please explain to me the benefit of direct deposit in regards to the CD. Thank you.
02-09-2017 05:11 PM
There is a certificate at NFCU that offers 3% if you have direct deposit set up within 90 days. If you don't set up direct deposit then it reverts to a lower interest rate.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.