Can direct deposit be to a savings account?

Answer While some banks or payment issuers may have specific rules preventing it, most do allow direct deposits to a savings account. The IRS and Social Security are among the organizations that specify a... Read More »

Top Q&A For: Can direct deposit be to a savings account

Are checking account numbers&direct deposit different?

A checking account number is assigned to your account. A routing number is the unique number associated with the bank. Direct deposit uses both of these numbers. The routing number directs money t... Read More »

When did the HSBC Direct online savings account start?

HSBC Direct started offering online savings accounts in 2005. HSBC won Kiplinger's Personal Finance magazine's award for "Best Overall Online Savings Account" in 2006. HSBC was also the most profit... Read More »

How do I fill out a savings deposit slip?

Include the Account NumberBe sure you have the correct savings account number; you will need this in order to make a savings deposit. Write your savings account number in the space provided on the ... Read More »

Anyone ever have accidental deposit issues with their savings accounts?

I have never had that happen, but I sure wouldn't look at it as if I had won the lottery, and I would notify my bank. They audit their books quarterly, so they would find out their mistake and deb... Read More »