Direct deposit

Direct deposit

Direct deposit also known as Direct credit is a banking term used to refer to certain payment systems used to transfer money where a payment is initiated by the payer not the payee, namely:Bank Account


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  • Direct Deposit — Electronic funds that are deposited directly into your bank account rather than through a paper check. Common uses of a direct deposit include income tax refunds and pay checks. As a whole, direct deposit is the most popular form of payment as it …   Investment dictionary

  • direct deposit — A system wherein amounts are transferred from a payor s checking account to the accounts of payees no matter where they bank. The transfers are made electronically and do not require a paper check or draft. The key consideration is that the… …   Financial and business terms

  • direct deposit — UK / US noun [countable/uncountable] Word forms direct deposit : singular direct deposit plural direct deposits American an arrangement in which your salary is always put directly into your bank account …   English dictionary

  • direct deposit — a plan in which salaries or other payments are transferred by the paying agency directly to the accounts of the recipients. * * * noun [noncount] US : a way of paying someone so that the money is sent directly into the person s bank account… …   Useful english dictionary

  • direct deposit — di.rect de posit n [U] a method of paying someone s wages directly into their bank account >direct deposit v [T] …   Dictionary of contemporary English

  • direct deposit — direct′ depos′it n. bus the electronic transfer of funds directly from the payer into the bank account of the recipient …   From formal English to slang

  • direct deposit — noun Date: 1974 a method of payment in which money is transferred directly to the payee s account without the use of checks or cash …   New Collegiate Dictionary

  • direct deposit — a plan in which salaries or other payments are transferred by the paying agency directly to the accounts of the recipients. * * * …   Universalium

  • direct deposit — di,rect de posit noun count or uncount AMERICAN an arrangement in which your salary is always put directly into your bank account …   Usage of the words and phrases in modern English

  • direct deposit — noun (U) AmE a method of paying someone s wages directly into their bank account …   Longman dictionary of contemporary English

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