Direct Deposit Definition Investopedia

Direct Deposit Definition - Investopedia

25/11/2003 The term direct deposit refers to the deposit of funds electronically into a bank account rather than through a physical, paper check. Direct deposit requires the use of an electronic network...

What Is a Deposit? Definition, Meaning, Types, and Example - Investopedia

25/11/2003 A deposit is a financial term that means money held at a bank. A deposit is a transaction involving a transfer of money to another party for safekeeping. However, a deposit can refer to a...

Bank Deposits Definition - Investopedia

15/12/2010 The deposit itself is a liability owed by the bank to the depositor. Bank deposits refer to this liability rather than to the actual funds that have been deposited. When someone opens a bank...

Transaction Deposit Definition - Investopedia

26/05/2022 Deposits can be made in bank branches, at automated teller machines (ATMs), and by transferring funds from another account. Direct deposits also qualify as transaction deposits. Individuals...

Demand Deposit Definition - Investopedia

25/05/2022 A demand deposit account (DDA) is a bank account from which deposited funds can be withdrawn at any time, without advance notice. DDA accounts can pay interest on the deposited funds but arent...

Direct Investment Definition, With Types and Examples - Investopedia

14/10/2020 Direct investment is more commonly referred to as foreign direct investment (FDI). FDI refers to an investment in a foreign business enterprise designed to acquire a controlling interest in the...

What Is a Depositary Receipt (DR)? Definition, Types and - Investopedia

31/01/2021 A depositary receipt (DR) is a negotiable certificate representing shares in a foreign company traded on a local stock exchange. Depositary receipts allow investors to hold equity shares of...

Direct Deposit - Overview, How It Works, Pros and Cons

11/10/2022 A direct deposit can be defined as a payment made directly into a payees account. The payment can be made electronically from one account to another, instead of the traditional check deposit. Direct deposits are especially common for businesses, as they make use of the transaction to pay their employees. They can also be used for tax refunds.

Disbursement: What It Is, How It Works, Types, and Examples - Investopedia

25/08/2021 Disbursement is the act of paying out or disbursing money. Examples of disbursements include money paid out to run a business, cash expenditures, dividend payments, the amounts that a lawyer might ...

Time Deposit: Definition, How It's Used, Rates, and How - Investopedia

20/03/2022 A customer will deposit or invest in one of these accounts, agreeing not to withdraw their funds for a fixed period in return for a higher rate of interest paid on the account. The interest earned ...

What Is a Certificate of Deposit (CD) and What Can It Do - Investopedia

18/05/2022 A certificate of deposit (CD) is a savings product that earns interest on a lump-sum deposit thats untouched for a predetermined period of time. Education General

Checking Account Definition - Investopedia

22/07/2022 Direct deposit allows your employer to electronically deposit your paycheck into your bank account, which makes the funds immediately available to you. Banks also benefit from this feature, as it ...

Direct Deposit - Meaning Process, Uses, Example, What is it?

Direct deposit is the direct electronic transfer of funds from one bank account to the other without using traditional physical methods. Here, the payment leaves the payers account and reaches the payees account directly in just a few clicks through a safe and secure digital platform, ensuring an instant transactional exchange.

Direct deposit - definition of direct deposit by The Free Dictionary

direct deposit. n. The electronic transfer of a payment directly from the account of the payer to that of the party being paid. American Heritage Dictionary of the English Language, Fifth Edition.

Direct deposit definition AccountingTools

01/05/2022 What is Direct Deposit? Direct deposit involves the electronic transfer of funds from the employer to the bank accounts of its employees, using the Automated Clearing House (ACH) system. This is an efficient and low-cost payment method.

Direct deposit - Wikipedia

A direct deposit (or direct credit), in banking, is a deposit of money by a payer directly into a payee's bank account. Direct deposits are most commonly made by businesses in the payment of salaries and wages and for the payment of suppliers' accounts, but the facility can be used for payments for any purpose, such as payment of bills, taxes, and other government charges.

What is Direct Deposit? - Definition from Techopedia

18/08/2011 Direct deposit is the electronic payment transfer of paid salaries, hourly wages and other payments from a company's payroll to its employees' online bank accounts. Direct deposit eliminates the need to cash checks and funds can be used immediately. Direct deposit is used by most large companies, many of which do not issue paper checks at all.

Direct deposit financial definition of Direct deposit

Direct Deposit An electronic service in which a payment, especially but not limited to a paycheck, pension, or tax refund, is transferred immediately into the recipient's bank account. The direct deposit replaces a check for which the recipient would otherwise have to wait to arrive in the mail.

Direct Deposits Definition | Law Insider

Define Direct Deposits. We may offer preauthorized deposits (e.g. payroll, Social Security, etc.). You must authorize payroll deductions by signing a Payroll Deduction form. Upon a bankruptcy filing, we will cancel all payroll deposits coming in to your account.