Different type of HELOC?

[Esther Li]

Hi, so I have been learning from post like "how to pay off the mortgage fast with HELOC account", basically it explains that get a HELOC account acting like a checking account can do direct deposit of paystubs and other source of income, so that will save on the interest paying by end of month.

So that how I thought all the HELOCs are. Now currently I talked to multiple lenders, including CityBank, US Bank and others, some of them said their HELOC is amortized HELOC to begin with, and most of them said "No, you cannot direct deposit anything into the HELOC. It is like a credit card, a debt that you can draw funds from as needed and pay back.", direct quote from the lender.

I am confused with those type HELOC, HELOC terms can be different bank to bank?