Update: Check out Ep 28 - Employer Direct Deposit for more recent info on Square and other alternative services.
An amazing tool for bank bonuses, this dives deep into the payroll setup and tax implications of using Square & Gusto.
- Intro - Great tool for bank churning
- 0:27 - #1: Banks with strict DD reqs
- 2:28 - #2: Banks with slow bonuses
- 4:44 - #3: Banks with few DPs
- 6:44 - Avoid Gusto
- 9:28 - Go with Square
- 10:48 - Flat $ / month / contractor
- 11:20 - Reduce costs - group DDs into one month
- 11:37 - Reduce costs - P1 + P2 as one contractor
- 12:09 - Reduce costs - trial deposit trick for HMB
- 13:50 - Cautionary thought...