Examples of direct deposit in a Sentence
Our employees are paid by direct deposit.
First Known Use of direct deposit
Financial Definition of DIRECT DEPOSIT
What It Is
Direct deposit refers to the electronic transfer of a cash payment into the recipient's bank account.
How It Works
Why It Matters
Directly deposited money "clears" automatically, that is, it is immediately available for withdrawal, and does away with the need for and inconvenience of a paper check.
DIRECT DEPOSIT Defined for English Language Learners
Definition of direct deposit for English Language Learners
: a way of paying someone so that the money is sent directly into the person's bank account without the use of checks or cash
Seen and Heard
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