Did you know that you can fund your bank account using your credit card? Some banks allow credit card funding when making an opening deposit when you sign up for a new checking or savings account. Below, we have compiled a list of these banks that allow and do not allow credit card funding when opening a new bank account. Credit Card Funding Bank Accounts.
- Reasons For Funding Bank Accounts With Credit Cards
- To meet opening deposit requirements for new checking or savings account bonuses.
- To aid credit card spending to meet a credit card’s spending requirement for a sign-up bonus.
- To meet the minimum opening deposit requirement when opening new accounts and earn rewards on a credit card simultaneously
- Some Tips when Credit Card Funding
- Set your cash advance limit on your credit card to $0 to avoid getting hit with a cash advance fee. You can do this by calling your card issuer’s customer service team.
- The table below shows which credit cards have categorized the funds as a regular purchase or as a cash advance. However, this does not mean you have to use these cards to fund you account (it is more of just surety that it is possible)
- Funding with a Visa or MasterCard is more commonly successful than with American Express cards.
- Keep in mind that Citi credit cards are known for recognzing these transactions as cash advances!
Disclaimer: BankDealGuy cannot guarantee that these credit card funding methods will be successful for everyone. It’s ideal to double check with the bank to verify the information, therefore YMMV.
Banks That Allow Credit Card Funding
| 1st Mariner Bank | PenFed Platinum Visa 1, Schwab 1 | Bank of America 1, Barclaycard Arrival, Chase Rapid Rewards, Citi AA | Fund account up to $2500. (no Amex card) | Review |
| 1st United Credit Union | Chase Ink Preferred/Marriot | Can fund with a credit card up to an unknown maximum (at least $9,000). | Review | |
| Agriculture Federal Credit Union | Citi AA | You can fund up to $1,500 initially with a credit card. | Review | |
| Alabama Credit Union | Barclaycard Gold | You can fund up to $500 with a credit card. | Review | |
| Amalgamated Bank | Citi Double Cash, Chase Sapphire Preferred | None | Available online nationwide. Visa and MasterCard only. | Review |
| America’s Credit Union | None 1 | None 1 | This credit union does not accept online credit card funding. | Review |
| American Heritage Credit Union | Accepts all credit cards and you can fund up to $1,000, now you can fund only up to $500. Unsure what does and doesn’t code as a cash advance. | Review | ||
| Arizona State Credit Union | Chase Sapphire Preferred, Unknown 1 | Unknown 1 | You can fund your account with up to $2500 from a credit card. | Review |
| Associated Bank | Barclay Arrival 1, Chase Freedom 1, Citi Double Cash 1 | You can fund a new account with up to $200 from a credit card, AMEX is not accepted. | Review | |
| Bank of America | None | None | Does not allow credit card funding, but you can with debit card up to $300 | Review |
| Bank of Colorado | Chase Freedom, Chase IHG, Chase Ink, Chase Southwest | Fund up to $1000 | Review | |
| Bank of the West | BoA Cash Rewards, Capital One Venture, Chase Freedom Unlimited/Hyatt, Citi AA, Fidelity Visa | Fund up to $500 with Visa/MasterCard | Review | |
| BankWell | VISA, MC, Discover | Review | ||
| BB&T | BoA Merrill/Travel Rewards, Chase Freedom/Sapphire Preferred/Sapphire Reserve/Southwest Premier, Citi Hilton/Hilton Reserve/ThankYou Premier | Fund up to $250 with credit or debit card | Review | |
| BBVA | BoA Alaska Airlines British Airways/Merril, Citi AA | BofA Alaska, Barclay Priceline and Chase Hyatt cards showing as cash advance. 1 Chase British Airways/Business United/Marriott Business/Sapphire Reserve, Chase Sapphire Preferred 1, Capital One Cashback/Quicksilver 1 | You can fund a new account with up to $5k, (Amex & Mastercard not allowed) Only personal cards are allowed and seems like you can also fund savings account for another $5k. | Review |
| BethPage Credit Union | You can initially fund up to $100 with a credit card | Review | ||
| Blue Federal Credit Union | Chase Fairmont/Freedom/Ink/Sapphire Reserve/Southwest, Citi AA/ATT Access More/Double Cash/Prestige | Up to $3,000 | Review | |
| Blue Hills Bank | Barclay Arrival 1, Barclay Miles & More 1, Chase British Airways/Freedom/Ink Cash/United, Citi AA Exec | You can fund a new account with up to $1000 from a credit card. | Review | |
| BMO Harris Bank | None 1 | None 1 | Does not allow credit card funding | Review |
| Cambridge Savings Bank | Chase Ink Preferred 1 | Fund up to $1,000 with Visa/MasterCard/Discover (AMEX not accepted) | Review | |
| Camden National Bank | Fund up to $500 with a Visa or MasterCard | Review | ||
| Central Bank | Barclaycard Arrival Plus/Cash Forward | Can fund up to $1,000 with a credit card. Visa & Mastercard are accepted, no American Express or Discover. Looks like opening a savings account lets you fund another $1,000 as well. | Review | |
| Chartway Federal Credit Union | BoA Alaska Airways 1, Chase Freedom 1, US Bank Club Carlson 1 | You can fund a new account with up to $1500 from a credit card. | Review | |
| Chase | Barclaycard Arrival Plus/Sallie Mae, US Airways, Capital One Cards, Chase Cards (all Chase cards will post as a cash advance), Fidelity Visa, Citi Cards | Allows credit card funding up to a $500 limit. It looks like all credit cards are being charged as a cash advance now, so tread lightly | Review | |
| Christian Community Credit Union | Fund up to $100 | Review | ||
| CitadelCredit Union | Chase Freedom, CitiAA | Fund up to $500 | Review | |
| Citibank | Bank of America 1, Barclay AA 1, Barclay Arrival 1, Barclay Aviator 1, Barclay US Airways 1, 2, Citi AA Select 1, Citi Executive 1 | Barclay Priceline 1, Capital One Spark 1, Chase 1, Citi Hilton 1, Citi Platinum Select 1, Citi Premier 1, | Dead as of 2/9/2016 | Review |
| Citizens Bank | BoA Alaska Airways 1, BoA Travel Rewards 1, Chase Freedom/Southwest 1 | Barclaycard Arrival, Citi ThankYou Preferred/ThankYou Premier, Discover it, USAA cards | Citizens Bank allows credit card funding up to $1,000 with Visa/MasterCard. | Review |
| Clearview Federal Credit Union | Chase Sapphire Preferred | You can fund up to $500 with a Visa or Mastercard. | Review | |
| Clinton Savings Bank | Chase IGH 1, Citi Double Cash 1 | Fund up to $1000 with Visa, Mastercard & Discover | Review | |
| Columbia Credit Union | Bank of America Card, Citi Double Cash | Fund up to $2,500 | Review | |
| Consumers Credit Union (Ridgewood) | Chase Freedom 1, Chase Hyatt 1, Citi Double Cash 1, Schwab Visa 1 | Citi AAdvantage 1 | You can fund a new account with up to $1000 from a Visa, MasterCard, or AMEX | Review |
| Credit Union One | Fund up to $600 | Review | ||
| Destinations Credit Union | You can fund with a credit card – up to $1,000 with Paypal or $500 without | Review | ||
| Eastern Bank | Barclaycard Lufthansa | You can fund up to $2,000 with a credit card. Visa, Mastercard, Discover & American Express are all accepted. | Review | |
| Elevations Credit Union | Chase Sapphire Preferred 1, Citi Platinum Select | You can fund a new account with up to $10000. | Review | |
| Evansville Teachers Credit Union | Barclaycard Arrival, Citi Double Cash | You can fund with a credit card, up to $1,100. | Review | |
| Farmington Bank | Can fund up to $1,000 with a Visa, Mastercard or Discover. | Review | ||
| Fidelity Bank | Citi Double Cash | You can fund up to $500 with a credit card (doesn’t matter how many accounts you open $500 is the limit). You can use Visa, Mastercard, American Express or Discover. | Review | |
| FirstBank | Chase Freedom Unlimited | Fund up to $600 | Review | |
| First Bank Virginia | Fund up to $1,000 | Review | ||
| First Citizens Bank | Barclay Sallie Mae 1, Chase Sapphire Preferred 1 | You can fund a new account with up to $1000. | Review | |
| First Federal Bank | Chase Sapphire Preferred, Citi Double Cash, Fidelity Visa, U.S. Bank | You can fund up to $500 with a credit card. Only Visa & Mastercard are accepted. | Review | |
| First Mark Credit Union | You are able to fund a new account with up to $100 | Review | ||
| First Merchants Bank | Bank of American Merrill, Barclaycard Aviator Red, Capital One Venture, Chase Freedom Unlimited/Sapphire Reserve | You can fund up to $250 with a credit card. You can use Visa or Mastercard. | Review | |
| FirstMerit Bank | Chase Sapphire Preferred 1, Citi AA Platinum | Chase Sapphire Reserve (report has shown this codes as a cash advance now), Barclaycard | You can fund a new account with up to $10000. | Review |
| First Midwest Bank | Non AMEX Card 1, Bank of America Virgin Atlantic, Barclaycard Arrival, Chase Fairmont/Hyatt/Sapphire Reserve | You can fund your credit card up to $2500 as long as it’s not an Amex card. | Review | |
| First National Bank | Amex Everyday, Amex Mercedes Benz Platinum. Appears all payment networks accepted. | Fund up to $499 | Review | |
| First Niagara Bank | Barclay Arrival 1, Capital One MasterCard1, Capital One Venture 1, 2, Chase Freedom 1, 2, Chase Sapphire Preferred 1, Chase Southwest 1, US Bank 1 | All Citi Cards 1, Discover 1, 2 | You can fund a new account with up to $1000. AMEX is not accepted. | Review |
| First State Bank of Illinois | Fidelity Visa | Can fund up to $2,000 with a credit card. | Review | |
| First Tennessee Bank | Chase Ink Plus 1, Chase Sapphire Preferred 1, Citi Double Cash 1 Barclaycard Arrival Plus/NFL, Capital One Venture, Chase Freedom/Hyatt/Southwest Premier, Citi Business AA/Premier | You can fund a new account with up to $300. | Review | |
| First United Bank | You can fund a new account with up to $200, They accept Visa, Mastercard & Discover | Review | ||
| GTE Financial | Chase 1, 2 | You can fund a new account with up to $215. | Review | |
| HarborOne Bank | You can fund a new account with up to $500. | Review | ||
| Ideal Credit Union | Amex SPG Business, Citi Double Cash | New limit is only $500 | Review | |
| Justice Federal Credit Union | Chase Freedom/Sapphire Preferred | You can fund up to $1,000 with a credit card. They accept Visa & Mastercard. | Review | |
| Key Bank | Chase Freedom 1, 2, 3, Chase Sapphire Preferred 1, Citi Premier 1 BoA Alaska Airlines, Barclaycard Aviator, Chase Sapphire Reserve, Chase Southwest, Citi Double Cash, Citizens Cashback Plus World MasterCard | You can fund a new account with up to $100. | Review | |
| KS State Bank | Citi Double Cash | Can fund up to $1,000 with a credit card | Review | |
| Lake Michigan Credit Union | Can fund up to $50 with a credit card | Review | ||
| Liberty Bank | Visa 1, Fidelity | You can fund a new account with up to $500. | Review | |
| Los Angeles Federal Credit Union | Chase Southwest Business | Can fund up to $500 with a credit card (limit is applied across both savings & checking accounts). | Review | |
| Mainstreet Credit Union | You can fund a new account with up to $505. | Review | ||
| Mazuma Credit Union | Alliant Cash Visa Signature 1 | You can fund a new account with up to $5000. | Review | |
| Memory Bank | Amex Delta Reserve, Bank of America Travel Rewards, Barclaycard Aviator, Chase Sapphire Preferred/Freedom/Freedom Unlimited, Citi AA | You can fund a new account with up to $500. | Review | |
| Montgomery County EFCU | Chase | C | You can fund up to $500 with a credit card. | Review |
| MountainOne Bank | Discover 1 | Chase 1 | You can fund a new account with up to $1000. | Review |
| NASA Federal Credit Union | None 1, Citi Double Cash | You can fund up to $500 with a credit card | Review | |
| Nassau Federal Credit Union | Visa/MasterCard | Fund up to $500 | Review | |
| Newtown Savings Bank | Chase SW Premier Card 1 | Fund up to $1000 | Review | |
| Northpointe Bank | Citi Double Cash /AA | Fund up to $100 with credit/debit card | Review | |
| Northwest Savings Bank | Barclaycard Arrival, Barclaycard Priceline Card, Chase IHG | Fund up to $1000 | Review | |
| Ocean First Bank | Chase 1 BoA cards, Chase Marriott Business/Sapphire Preferred/Sapphire Reserve, Citi AA, Santander credit card | You can fund a new account with up to $2500. | Review | |
| Orange County Credit Union | Capital One Spark, Chase British Airways, Citi Cards | Bank of America cards, Chase Sapphire Reserve, Elan Fidelity Visa | Fund up to $5,000 with Visa/MasterCard (reportedly only $100 now) | Review |
| PenFed | Chase Sapphire Preferred | You can fund up to $100 with a credit card | Review | |
| Pinnacle Bank | Capital One Spark 1, Chase Hyatt 1, Chase Ink Bold 1, Chase Ritz Carlton 1, Chase Sapphire Preferred 1, Chase United 1, Citi Double Cash 1, Citi Premier 1, Fidelity 1 | You can fund a new account with up to $1000/$5000. | Review | |
| PNC | BoA Alaska Airlines 1, BoA Cash Rewards 1, Chase Freedom 1, Chase Ink Plus 1, Chase Sapphire Preferred 1, Chase Southwest 1, Chase United 1, Citi Premier 1 | Barclay Arrival & Barclay US Airways 1, Capital One 1 | Some have reported it is only up to $100 now. Allowed to fund up to $2,000 with a Visa or Mastercard credit card. Chase cards might start off as a cash advance and then revert to a purchase. | Review |
| Provident Credit Union | Barclay Arrival 1, Chase 1, 2, Chase Sapphire Preferred 1 | You can fund up to $1,000 with a credit card. | Review | |
| Quorum Federal Credit Union | Bank of America Merrill, Barclaycard Arrival, Capital One Spark Miles, Chase Freedom Unlimited/United/Ritz-Carlton, Citi AA/Double Cash | You can fund up to $2,500 with a Visa or Mastercard. | Review | |
| Radius Bank | Citi Double Cash 1, Barclay Wyndham 1, Priceline 1 BoA Cash Rewards, Chase AARP/Hyatt, Citi Hilton | You can fund a new account with up to $1000. | Review | |
| Regions Bank | Chase Marriott 1, Chase Southwest 1, Citi Double Cash 1 Barclaycard Arrival, Capital One Venture, Chase British Airways/Ink Plus/Sapphire Preferred | You can fund a new account with up to $1000. | Review | |
| Republic Bank | Chase Freedom | Fund up to $500 with Visa/MasterCard | Review | |
| Rivermark Community Credit Union | Fund up to $2,520 | Review | ||
| Rockland Trust Bank | Barclaycard Arrival Plus 1, Chase Ink Preferred 1, Citi AA Platinum 1 | Fund up to $2,500 with Visa, MasterCard, Amex & Discover | Review | |
| S&T Bank | You can fund up to $100 with a Visa or Mastercard. | Review | ||
| Sacramento Credit Union | You can fund up to $500 with a credit card. | Review | ||
| San Diego Credit Union | Chase Sapphire Preferred | You can fund up to $50 with a credit card. | Review | |
| San Mateo Credit Union | You can fund up to $500 with a Visa or Mastercard. | Review | ||
| Sandy Spring Bank | Fund up to $250 with Visa/MasterCard | Review | ||
| Santander Bank | Barclays NFL 1, Chase Freedom 1, Chase Sapphire Preferred1, Chase United 1 BoA Alaska Airlines/Cash Rewards/Travel Rewards, Barclays Aviator Red, Capital One Venture/Journey, Chase AARP/Sapphire Reserve/Southwest/Ink, Citi American Airlines/Hilton/ThankYou Premier, Fidelity | Citi MasterCard 1, Citi Prestige 1, Discover 1 | Allowed to fund it up to $500 with a Visa or Mastercard. | Review |
| Seacoast Bank | Barclaycard Arrival/Aviator | You can fund up to $1,000 with a credit card. | Review | |
| Signature Bank | Fund with Visa, Mastercard or Discover (Unsure on limit or what counts as a purchase/cash advance) | Review | ||
| Star One Credit Union | Citi Premier, Chase BA Avios | Fund account up to $1,000 | Review | |
| State Bank of India | Fund account up to $3,000 with Visa or Mastercard | Review | ||
| Suffolk Federal Credit Union | Bank of America Cash Rewards | You can fund $5-$1,000 with a credit card (Visa, Mastercard or Discover). | Review | |
| Sun East Federal Credit Union | Barclaycard Arrival, Chase Freedom, Citi Hilton | You can fund up to $550 with a credit card | Review | |
| SunTrust Bank | Citi Dividend Mastercared 1 | You can fund a new account with up to $250 now | Review | |
| TCF Bank | Citi Double Cash 1 | Fund up to $1,000 | Review | |
| TD Bank | BoA Cash Rewards, Citi AA/Hilton Honors Visa, US Bank FlexPerks | *Many have reported that Chase cards will revert to As Purchase after originally coding as Cash Advance. Capital One Spark Business, Chase Freedom Unlimited/Ink Cash/Marriott Business/Sapphire Preferred/Sapphire Reserve/United, Barclaycard Arrival/CashForward, Citi AA Platinum/Double Cash, Visa gift cards | Fund up to $1,000 with debit/credit card (for the Premier checking, unsure if the amount varies by account type) 1 | Review |
| Tech Credit Union | Amex Everyday, BOA Alaska/Cash Rewards, Capital One Business Spark, Citi Cards, Chase Cards, Barclay Cards, US Bank Cards | Discover cards | Fund up to $125 | Review |
| TruWest Credit Union | Fund up to $5000 (No datapoints on what counts as purchase or cash advance) | Review | ||
| Unitus Community Credit Union | Fund up to $750 on a credit card. (No datapoint on whether it's cash advance or purchase yet) | Review | ||
| U.S. Bank | BoA Alaska Airlines 1, BoA Virgin Atlantic 1, Barclay Arrival 1, Barclay Aviator 1, Capital One Quicksilver 1, 2, Capital One Venture 1, Chase Brit Airways 1, Chase Freedom 1, Chase Hilton 1, Chase United 1, Chase Southwest 1, Citi HHonors Reserve 1, Citi Prestige 1, Discover 1 | You can fund your account with up to $500 on a credit card. | Review | |
Wells Fargo | BoA Alaska Airlines 1, Chase Ink 1, Chase Sapphire 1 Chase Sapphire Reserve/Sapphire Preferred, Citi, Barclay Arrival | All Citi Cards 1, 2, Discover 1 Capital One | You can only use a Visa or Mastercard to fund the account with up to $50 | Review |
Xenith Bank | Fund up to $2,000 with your credit card | Review |
Banks That Do Not Allow Credit Card Funding
- 1st Constitution Bank
- ACNB Bank
- All America Bank
- Alliant Credit Union
- Ally Credit Union
- America Ban
- America’s Credit Union
- Apple Bank
- Astoria Bank
- Avidia Bank
- BancorpSouth
- Bank Direct
- BankHometown
- Bank & Trust
- BECU
- Bellco Credit Union
- BMT (Bryn Mawr Trust)
- Bridge Credit Union
- Brightpeak Financial
- Carver Federal Savings Bank
- Capital One 360
- CEFCU
- Centennial Bank & Trust
- Charles Schwab Checking
- CIBC Bank
- Cinfed Credit Union
- CIT Bank
- Citibank
- Clearview Federal Credit Union
- Columbia Bank
- ConnexUs Credit Union
- DimeDirect
- Discover Bank
- Dollar Bank
- Elements Financial
- ESL Federal Credit Union
- FCB South County Bank
- First Bank and Trust
- First Bank Financial Centre (FBFC)
- First Republic Bank
- First Tech Federal Credit Union
- Fifth Third (5/3rd)
- First Trade Union Bank (FTUB)
- Five Star Bank (only been tested in branch)
- Flagstar Bank
- Freedom Credit Union
- Freedom Federal Credit Union
- Fremont Bank
- Global Credit Union
- Greater Nevada Credit Union
- Great Southern Bank
- HomeStreet Bank
- HSBC
- Huntington Bank
- IBERIABANK
- ICBC USA
- Ideal Credit Union
- Iowa State Bank
- Johnson Bank
- JSC Federal Credit Union
- LegacyTexas
- Level One Bank
- MB Financial Bank
- Mango Bank
- MidFirst Bank
- MVB Bank
- My Banking Direct
- M&T Bank
- Nationwide Bank
- Nevada State Bank
- New Buffalo Savings Bank
- Newton Federal Bank
- NorthShore Credit Union
- NRLFCU
- Nutmeng State Financial Credit Union
- Old Missouri Bank
- Old Second Bank
- One American Bank
- Pacific Service Credit Union
- Parkside Credit Union
- Patelco Credit Union
- PeoplesBank
- Peoples Bank
- Polam Federal Credit Union
- Popular Bank
- Ridgewood Savings Bank
- Salem Five Bank
- Scient Federal Credit Union
- Solvay Bank
- Stoneham Bank
- Talmer Bank & Trust
- TDECU
- Texell Credit Union
- TIAA Direct
- Town Bank
- TruStone Financial
- Union Bank
- Union Plus Prepaid
- Unity Bank
- Univest
- U.S. Bank
- Webster Bank
- Whitney Bank
- Valley National Bank
