direct deposit

noun

Definition of direct deposit

: a method of payment in which money is transferred to the payee's account without the use of checks or cash

Examples of direct deposit in a Sentence

Our employees are paid by direct deposit.
Recent Examples on the Web The Amazon Prime card technically earns points, but the points can only be redeemed for a maximum of 1 cent apiece for a statement credit, a direct deposit to a checking or savings account or to pay for Amazon purchases. Jennifer Yellin, CNN Underscored, "Are you using the best credit card when you shop at Amazon?," 25 Aug. 2020 The resident had filed for unemployment benefits and received funds as a direct deposit to their bank account, not as a debit card. Kimberly Fornek, chicagotribune.com, "Western Springs police blotter: Thieves target Lawn Avenue," 20 Aug. 2020 Payments began via direct deposit in mid-April with checks expected to follow. Robert Denton, The Denver Post, "Frequently asked questions about coronavirus in Colorado," 14 Apr. 2020 In most cases, taxpayers who received their refund by direct deposit will have their interest money put in the same account. Leada Gore | Lgore@al.com, al, "Filed your 2019 taxes on time? You may be getting an interest check from IRS," 24 Aug. 2020 Taxpayers who receive their refunds via direct deposit will get the interest payment deposited in the same account. Hugo Martin, chicagotribune.com, "The IRS is sending extra money to nearly 14 million tax filers. Here’s who gets it and why.," 20 Aug. 2020 Was a direct deposit made to the wrong bank account based on outdated information with the IRS? Susan Tompor, Detroit Free Press, "Some people are still waiting for a stimulus check to arrive. What's the holdup?," 14 Aug. 2020 Paper checks will be mailed starting July 1 to residents without direct deposit, officials said. USA TODAY, "Silver Dollar City, ‘Thunder’ silenced, empty Vegas buffets: News from around our 50 states," 16 June 2020 Paper checks will be mailed starting July 1 to Alaskans without direct deposit. James Brooks, Anchorage Daily News, "This year′s Permanent Fund dividend will be $992, paid starting July 1," 12 June 2020

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'direct deposit.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of direct deposit

1974, in the meaning defined above

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Time Traveler for direct deposit

Time Traveler

The first known use of direct deposit was in 1974

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Statistics for direct deposit

Last Updated

15 Sep 2020

Cite this Entry

“Direct deposit.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/direct%20deposit. Accessed 23 Sep. 2020.

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More Definitions for direct deposit

direct deposit

noun

English Language Learners Definition of direct deposit

US : 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

Comments on direct deposit

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