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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/checking-savings/certificates.php. Good luck!
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.
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