Direct deposit

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Direct deposit

A method of payment which electronically credits your checking or savings 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.

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.

References in periodicals archive ?
Survey research by the Federal Reserve published in 2002, for example, indicates that the use of debit and credit cards and automatic deposit and withdrawal (via the automated clearinghouse) grew fivefold from 1979 to 2000 and that the use of paper checks for payments probably peaked in the mid-1990s.
3 billion and a mechanism that requires the automatic deposit of one-time judgments and settlement payments could add to the balance.
IFC Markets, a British Virgin Islands regulated international Forex and CFD broker, a division of the IFCM Group has announced to its clients that automatic deposit and withdrawal through Skrill has become available for the company.
And with automatic deposit, you won't ever miss it.
Step 4: Once you've identified what you can save, set up an automatic deposit plan at work where a certain amount, say $50, is taken out of your salary and put directly into a savings account or mutual fund.
The first key to helping the funds grow is going to be maintaining your discipline in adding to your account--whether it's through an automatic deposit or just a matter of stowing away what you can, whenever you can.
Sign up for an automatic deposit plan that takes money out of your paycheck and into a savings account or mutual fund.
If your college issues you a refund from grants or loans to cover your out-of-pocket educational expenses, choose the refund method--check, automatic deposit or debit card--that works for you and your banking habits.
Contract award: Provision of equipment automatic deposit III-V materials by MOCVD.
You can open an account with a $100 minimum investment, if an automatic deposit of $50 monthly is set up as well.
com, offer similar automatic deposit options and have low account minimums and per-trade fees.

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