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Direct Deposit Service |
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Direct deposit service A service that electronically transfers all or part of any recurring paymentincluding dividends, paychecks, pensions, and Social Security paymentsdirectly to a shareholder's account. Direct Deposit An electronic service in which a payment, especially but not limited to a paycheck, pension, or tax refund, is transferred immediately into the recipient's bank account. The direct deposit replaces a check for which the recipient would otherwise have to wait to arrive in the mail. A direct deposit service also allows the recipient to have access to his/her funds immediately without waiting on the holding period, which is required for many check deposits. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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