Qualifying and not qualifying sources
| Qualifying deposit sources | Not qualifying deposit sources |
|---|---|
| Employer Payroll provider Gig economy payer Government benefits payer | Bank ACH transfers Pay Anyone transfers Verification or trial deposits from financial institutions Peer-to-peer transfers (PayPal, Cash App, Venmo) Mobile check deposits Cash deposits One-time deposits such as tax refunds Instant card payouts |
Note: Multiple smaller deposits do not combine to meet the $200 threshold. A single deposit must be $200 or more to qualify.
What makes a qualifying deposit different from a regular direct deposit?
Not every direct deposit is a qualifying direct deposit. The key difference is the source. A qualifying direct deposit must come from an eligible payer — such as an employer, payroll provider, gig economy platform, or government benefits agency — and meet the minimum amount. Deposits from peer-to-peer apps or bank-to-bank transfers do not count, even if they arrive via ACH.
For example, a payment from your employer processed through payroll counts. A transfer from your PayPal balance, even if it comes from work you did, does not.