Bank Accounts That Can Be Funded With Credit Cards When Opening

Many banks allow credit card funding towards the opening deposit when you sign up for a new Checking or Savings account. We’ve compiled a list of these banks below.

Other helpful pages pertaining to bank promotions:

• Current Bank Bonuses
• Soft Vs. Hard Inquiries When Opening Bank Accounts
• Methods Of Meeting Direct Deposit Requirements
• Banks With No ATM Fees Overseas

Reasons For Funding Bank Accounts With Credit Cards

  • To meet opening deposit requirements for new Checking/Savings account bonuses.
  • To help with credit card spending to meet a new credit card’s requirement for a sign-up bonus.
  • To meet the minimum deposit requirement for new accounts and earn rewards on a credit card at the same time.

Bank Accounts That Can Be Funded With Credit Cards

Tips:

  • Call customer service to set your Cash Advance limit on your credit card to $0 to avoid getting hit with a Cash Advance Fee.
  • The table below shows which credit cards have categorized the funds as a regular Purchase or as a Cash Advance. This doesn’t mean you have to use these cards to fund – it’s more of just proof/reports that it’s possible.
  • Funding with a Visa or MasterCard will work more often than with American Express cards.
  • Citi credit cards are notorious for coding these transactions as Cash Advances!

Disclaimer: The data in the table below was taken from reports of several consumers from popular forums and blogs, so there’s no guarantee. 

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Bank Accounts That Can’t Be Funded With Credit Cards

People have reported that the banks below don’t allow credit card funding when opening an account.

• ACNB Bank
• America’s Credit Union
• Apple Bank
• Astoria Bank
• Avidia Bank
• Bank Direct
• Capital One 360
• Centennial Bank & Trust
• Citibank
• Charles Schwab Checking
• Clearview Federal Credit Union
• Columbia Bank
• Discover Bank
• Dollar Bank
• ESL Federal Credit Union
• Fifth Third (5/3rd)
• Five Star Bank
• Freedom Credit Union
• Freedom Federal Credit Union
• Fremont Bank
• Greater Nevada Credit Union
• HomeStreet Bank
• HSBC
• Huntington Bank
• IBERIABANK
• Ideal Credit Union
• Johnson Bank
• JSC Federal Credit Union
• MB Financial Bank
• Mango Bank
• M&T Bank
• My Banking Direct
• Nationwide Bank
• NorthShore Credit Union
• Nutmeg State Financial Credit Union
• Pacific Service Credit Union
• Peoples Bank
• Popular Bank
• Salem Five Bank
• Talmer Bank & Trust
• TDECU
• Union Plus Prepaid
• Webster Bank
• Whitney Bank
• Valley National Bank

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*Please share any personal experience you have on using credit cards to fund an account opening by commenting below. Thanks!