Examples of direct deposit in a Sentence
Our employees are paid by direct deposit.
Recent Examples of direct deposit from the Web
Checks and direct deposits are scheduled to go out beginning in mid-July.
Every American, every business, every institution would have the option of a FedAccount, with all the functionality of a normal bank account, like debit cards, direct deposit, online bill pay, and mobile banking, and no chance of default.
In late 2017, an audit discoveredMonaghan had direct deposited nearly $500,000 into her personal bank account since 2015, the affidavit said.
While she was reimbursed via unauthorized direct deposits, the company also paid her every week with a check signed by the owners.
Con artists who file fake tax returns to steal refund cash now are giving the IRS the bank account information of everyday consumers in order to get direct deposit of fraudulent refunds.
Last weekend, SunTrust unfroze her account, restoring her access to her own money, direct deposits of her paychecks, etc.
For direct deposit a check or savings account number with routing number is required.
Most prepaid debit cards carry monthly fees or require direct deposit or minimum balances.
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.
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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