direct deposit


The deposit of funds directly into a bank account as a form of payment. Common uses for direct deposit include paychecks and tax refunds.

Use direct deposit in a sentence

The direct deposit was an option for the full time employees, most of which took advantage of the time saving option.

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I signed up for direct deposit with my job so the money would just go right into my account, rather than sit somewhere.

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Before I came to work for my new company, I had always received a physical paycheck, but now I was able to take advantage of direct deposit and have my pay placed directly in my bank account.

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electronic transfer account (ETA) online banking