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 third payment date is Wednesday, September 15, with the IRS sending most of the checks via direct deposit. Aimee Picchi, CBS News, 13 Sep. 2021 The majority of the payments were sent via direct deposit, however, the IRS said some recipients who previously had the money delivered directly to their bank accounts will instead get their August payments by mail. Leada Gore | Lgore@al.com, al, 16 Aug. 2021 Some 50 million to 70 million Americans are expected to get their checks via direct deposit by April 15, according to the Treasury Department. Sarah Ladd, The Courier-Journal, 7 Aug. 2021 Some 80% of payments will be sent via direct deposit. Tami Luhby, CNN, 14 July 2021 For example, a qualifying family with three children ages five and younger could be looking at receiving $900 via direct deposit or check around July 15 when the monthly payouts begin. Susan Tompor, Detroit Free Press, 23 June 2021 The Treasury Department said roughly 86% of eligible families will get the payments through direct deposit, and the rest will get checks in the mail. Sabrina Eaton, cleveland, 15 July 2021 Those payments, most of which will be sent to bank accounts through direct deposit, will total half of the year’s subsidy, with the rest to come as a tax refund next year. New York Times, 12 July 2021 The website will tell people if they are enrolled to get the payments through direct deposit. Aimee Picchi, CBS News, 8 July 2021

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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Dictionary Entries Near direct deposit

direct democracy

direct deposit

direct development

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Statistics for direct deposit

Last Updated

16 Sep 2021

Cite this Entry

“Direct deposit.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/direct%20deposit. Accessed 22 Sep. 2021.

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More Definitions for direct deposit

direct deposit

noun

English Language Learners Definition of direct deposit

: 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

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