Direct deposit

A banking term describing a monetary deposit by a payer directly into a payee’s bank account. Direct deposits are most commonly made by businesses in the payment of salaries and wages, and typically, they are made by electronic funds transfers or the physical deposit of money into a payee’s bank account.

Tip: See updating employee direct deposits for more information setting up direct deposit for your employees.

-> Does that look Greek to you? Do you need help with your Product, Strategy or Business? I can help, let's talk! <-