Examples of direct deposit in a Sentence
Our employees are paid by direct deposit.
Recent Examples of direct deposit from the Web
Some school districts have spent thousands to reimburse employees whose direct deposits were rerouted by hackers, including Atlanta Public Schools where 27 employees had a combined $56,000 stolen in such a scheme last month.
About 87 percent of recipients get their PFDs by direct deposit.
Consumers increasingly have written off writing checks in favor of digital payment systems like credit cards, direct deposit and newer online and mobile systems like Paypal, Venmo and Square Cash.
At Fulton County Schools in Georgia in August, thieves tricked 46 employees into providing login credentials via phony emails and then used that information to reroute direct deposits onto reloadable money cards.
But keeping your balance above a certain amount or receiving recurring direct deposits are the most common ways to get the monthly fee waived.
Of about 2,800 city workers, several hundred reported direct deposit issues, said Jason Bockenstedt, deputy chief of staff for Mayor Ethan Berkowitz.
Recipients are paid via DEO debit card or direct deposit.
Four extra zeroes were added to the direct deposit.
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.
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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