Strapped for cash and receiving a refund from my university from a loan. I enrolled in direct deposit last week and today I received an email that shows a “receipt” of some type of check for the direct deposit from the university. I know nothing about banking. Does this check receipt mean it’s already in the “airway” so to speak? I did receive a direct deposit today for $0 so I’m assuming this is to check if the account is valid. Would that mean the direct deposit follows that initial $0 deposit immediately?
If it helps it’s coming from Bank of America to Axos bank (I use a prepaid debit card with direct deposit option). Thanks for reading and helping me out!
NeoBank Market - Users Community