direct deposit

noun

: 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 If you are owed a tax refund, the best bet is direct deposit. Susan Tompor, USA TODAY, 11 Oct. 2024 Wait for direct deposit to hit account (typically 2-4 weeks). Andreina Rodriguez, CNBC, 8 Sep. 2024 Cash App offers benefits for direct deposit, including a savings account with a 4.5% annual percentage yield. Luisa Beltran, Fortune, 16 Aug. 2024 How could that be if payments were made directly to the housing providers through direct deposit? Roger Valdez, Forbes, 5 Sep. 2024 See all Example Sentences for direct deposit 

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'direct deposit.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1974, in the meaning defined above

Time Traveler
The first known use of direct deposit was in 1974

Dictionary Entries Near direct deposit

Cite this Entry

“Direct deposit.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/direct%20deposit. Accessed 25 Oct. 2024.

Last Updated: - Updated example sentences
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