direct deposit

noun

1. a plan in which salaries or other payments are transferred by the paying agency directly to the accounts of the recipients.

Example Sentences

The state sent the money straight into the bank accounts of 7.2 million households that had signed up for direct deposit, paying an average of $555, according to the tax board.

From Los Angeles Times

I started to be able to identify the desperate regulars who came as soon as direct deposit hit on Friday.

From Slate

With the widespread adoption of direct deposit for paychecks, digital banking services on smartphones and a lesser need for cash, most Americans now visit a branch a few times a year, usually to discuss significant changes in their lives or major financial plans, such as buying a home or planning for an expanded family.

From Seattle Times

Wisely can be used by employers to pay workers as an alternative to checks or direct deposit.

From Seattle Times

“Jessica” receives all his earnings as a direct deposit into her bank account, and then hands over his payments and tips in cash, minus the fee.

From Seattle Times