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Direct deposit |
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Direct deposit A method of payment which electronically credits your checking or savings account. Direct deposit. Direct deposit is the electronic transfer of money from a payer, such as your employer or a government agency, directly into a bank account you designate. Direct deposit is faster and cheaper than sending a check and also more secure, which is why both payers and banks prefer this system. In fact, banks often provide free checking or other benefits if your paychecks are deposited directly. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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The IRS unveiled a draft version of Form 8888, Direct Deposit of Refund; see IR-2006-134. Among the new laws is one allowing employers to issue an employee's final paycheck through direct deposit and an agreement allowing employers in the motion picture and broadcast industries more flexibility in scheduling meal periods for union workers. Nearly 47 million taxpayers chose direct deposit of their refunds for the 2004 filing season, a 10. |
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