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What is a direct deposit?

What is a direct deposit? Here are some definitions.

Noun
  1. A deposit of money straight from the source (and initiated by the source) into a bank account, by wire, or other means.
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There's also a growing niche for electronic payments between banks, such as direct deposit of paychecks and preauthorized payments of monthly bills.
Paying by direct deposit helps us to budget by allowing us to spread the cost of bills, avoid missing payments and save time.
For these reasons, applying for direct deposit cannot be done over the telephone.
Not every employer offers direct deposit, especially not those employing low-wage workers.
And, for the convenience of our employees, we offer direct deposit for all payroll payments which makes funds immediately available in our employees' personal accounts.
Urge the Defense Finance and Accounting Service to establish procedures for direct deposit of retired and annuitant pay to foreign banks.

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