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What is considered a miscellaneous deposit and what is considered additional income?

Deposits considered ‘miscellaneous’ under the program are any deposits or transfers coming into the bank account from the following sources:

  • Transfers from people outside the household
  • Transfers from bank accounts that do not belong to anyone in the household
  • Zelle Transfers
  • Venmo Cashout 
  • Paypal 
  • Cash Deposits
  • Check Deposits/ E-Deposits
  • ATM Deposits
  • Cash App
  • Counter Credit Deposit

If these deposits are from the following sources, are not already disclosed on your application, and are expected to continue in the next 12 months, they are considered as ‘additional income’ under our program and must be reported on your application:

  • Side gigs such as (but not limited to) babysitting, dog walking, doing hair, mowing lawns, selling items etc.
  • Assistance from friends or family members such as (but not limited to) help paying bills, for food, clothes etc.

Please Note: 

  • Monthly assistance received from a family member or friend on a consistent, expected basis, should be reported as an ‘Other’ income source in which we require a notarized letter from the person providing assistance stating how much they plan to give, what the assistance is for, and how often it will be received.
  • Child support payments sent through mutual agreement (not by court order) should be reported as a ‘Child Support Received’ income source in which we require a notarized letter from the parent paying stating how much they give and how often. 
  • Deposits from Uber, Lyft, DoorDash, GrubHub, Instacart or other self-employments/businesses should be reported as a ‘Self-Employment’ income source in which we require a notarized Profit & Loss statement showing how much you received up until that point in the year.