The deposit of funds directly into a bank account as a form of payment. Common...
The process of depositing money electronically into a bank or credit union transaction account. Direct deposit is commonly used for employee paychecks and government benefit checks.
See Electronic Funds Transfers.
When you give the IRS the go-ahead, they'll send your refund directly to your bank account. It's the fastest way to get your cash.
An electronic transfer of TRS monthly benefits to a recipient’s account at a financial institution.
The process of receiving grant money by electronic transfer that will be applied immediately to an organization's bank account. If necessary, debit entries and adjustment for any amounts deposited electronically in error may be made. This is a requirement of the Texas State Comptroller.
An ACH service that provides for the electronic transfer of funds directly into the account of a payee, usually an employee receiving pay or a Social Security beneficiary receiving retirement benefits.
Employees at many companies can ask their employers to have their paychecks deposited directly into their checking or savings account. This process is accomplished through ACH (Automated Clearing House), where the funds are wired instantaneously from the employer's financial institution to the employee's financial institution. By wiring the money, there is no risk to lose the paycheck or have it stolen, nor is there a delay in standing in long lines on payday. If you work, you can have your paycheck directly deposited in your WPCCU account.
You can arrange with your employer, government agency or other participant to directly deposit your pay cheque or other income to your Citibank account. The funds will be deposited to your account electronically.
Instead of mailing retirees checks, KPERS can deposit monthly retirement benefits right into their accounts. Deposits are made on the last working day of the month.
A quick, easy, and safe way to receive a tax refund. A direct deposit enables tax refunds to be deposited directly into the taxpayer's bank account, which is either a savings or checking account that qualifies for Direct Deposit. The taxpayer is given the required details and routing number that enables direct deposit into their accounts.
A Federal Government payment program for consumers who authorize the deposit of payments automatically into a checking or savings account via the ACH.
the use of the ACH network in transferring funds directly into an account, usually used by a business in the payroll process
Electronic deposits or credit--usually via ACH--to an individual's bank account. Common uses of direct deposit include payroll payments, Social Security benefits and income from investments, such as CDs, annuities and mutual funds.
Electronic deposit of wages or benefits, such as pension or social security, into a personal bank account. See also: ACH.
Instead of producing a paper check, a credit balance is returned to you by electronically transmitting to a bank account of your designation. You must request this service using a Direct Deposit form.
This process is used by nearly 80% of WRS annuitants. WRS annuitants can have their monthly checks safely and efficiently credited to their checking or savings accounts by submitting a ACH direct deposit authorization form to the Department of Employee Trust Funds.
a method of payment whereby the guy paying directly deposits the money into the bank account of the guy being paid
A system where funds are electronically credited to an account by a financial institution or a payroll service.
This allows tax refunds to be deposited directly to the taxpayer's bank account. Direct Deposit is a fast, simple, safe, secure way to get a tax refund. The taxpayer must have an established checking or savings account to qualify for Direct Deposit. A bank or financial institution will supply the required account and routing transit numbers to the taxpayer for Direct Deposit.
An option that allows an account to have regularly scheduled payments, such as payroll or Social Security funds, deposited directly to a checking or savings account.
This is when you give permission for funds to be automatically deposited into your account at predetermined date. Many banks offer free or lower-cost checking for customers with direct deposit because it saves them the cost of processing paper checks.
See ACH (Automated Clearing House).
The use of the Automated Clearing House to initiate credits from a company payroll account to an employee's personal account for the net amount of the period's paycheck, or similarly for expense reimbursement, bonuses, or other needed transfer of funds.
Electronic deposit of wages or benefits, such as pension or social security, into a personal bank account; deposits are handled through the automated clearing house (ACH).
The electronic transfer of an employees net pay directly into financial institution accounts designated by the employee, thus avoiding the need to receive a "live" paycheck.
Electronic deposits of payments directly to beneficiary's checking or savings account.
is an automated payment method that allows tax filing companies and other services to deposit your tax refund directly into your bank account. Note: many direct deposit services do not allow you to change your banking information later.
Automatic deposit of wages or benefits, such as pension or social security, into a consumer's bank account. Direct deposits are processed through an Automated Clearing House.
By choosing Direct Deposit, the retiree/survivor's benefit is electronically deposited into their bank account.
A deposit made directly into your account by the payer without the use of a check or deposit slip.
The automatic electronic deposit of the agreed upon payment amount into the designated bank account of the lender.
The automatic depositing of payroll checks to a bank instead of distribution to the employee.
Electronic deposit of wages or benefits (such as pension or Social Security) into a personal bank account. These deposits are handled through the ACH. See automatic deposit.
Putting your wages or other income directly and automatically into your bank account.
an automatic deposit that goes into your account. Many employers use the direct deposit system to pay their employees.
A payment deposited directly into an individual's account.
A term used to mean your paycheck will be directly depositing in your bank's checking, savings or a mixture of both accounts. This is usually set-up through your employer. All they need is your bank's Routing Number and Account Number(s)
electronic transfer of payments directly into an account
Automatically deposited funds to checking or savings accounts via a pre-authorized system. Customer government benefits or other payments are automatically deposited to their checking or savings accounts. Some types of Direct Deposits are Social Security, SSI, VA benefits, annuities, pension benefits, payroll checks and dividend checks.
Instead of getting a paper check, you may be able to have your refund deposited directly into your account at a bank or other financial institution. If the Direct Deposit cannot be done, the Internal Revenue Service will send a check instead.
The electronic transfer of payments to any bank in the U.S. which is a member of an automated clearing house. (See ACH)
The electronic transfer of an employee's net pay directly into financial institution accounts designated by the employee, thus avoiding the need for a paycheck. To learn more about Payroll Direct Deposit
A system under which a customer gives permission for funds to automatically be deposited into his or her account on predetermined dates.
Direct deposits are support payments sent electronically from the Child Support Payment Center to the obligee's financial institution for deposit into the obligee's checking account, savings account, or stored value card account.
Funds deposited directly into an account. With the account holder's agreement, payroll earnings, Social Security benefits, retirement earnings, and other checks received on a regular basis may be deposited directly into an account.
Direct deposit creates a process to allow members to have their monthly retirement allowances deposited directly into their checking or savings accounts at participating financial institutions.
arrangement whereby a dividend or other receipt can be deposited to the recipient's checking or savings account, often by electronic mail.
Having a check, such as a payroll, retirement, or disability check sent directly to an individual's account at their credit union through electronic means.
The electronic sending of an employee's net pay to a financial institution of the employee's choosing, avoiding manual check payments.
The standard way to receive Social Security benefits and Supplemental Security Income payments. Your money is sent electronically to an account in a financial institution (a bank, trust company, savings and loan association, brokerage agency or credit union).
A pre-authorized system in which customers' government benefits or other payments are automatically deposited to their checking or savings accounts. Some types of Direct Deposit are social security, SSI, VA benefits, annuities, payroll checks and dividend checks.
At most companies, employees can have their employer deposit their pay directly into a financial institution checking account or savings account instead of giving them a paycheck to deposit themselves. This is done by ACH (Automated Clearing House) where the funds are wired instantaneously from the employer's financial institution to the employee's financial institution. The money arrives faster, there is no risk of loss or theft, and there are no payday lines to stand in. Direct deposit is always set up by the employee through their employer's payroll department. At DCU, members receive extensive benefits for sending direct deposit of their net pay, Social Security, or pension to their DCU Checking Account.
Payments or benefits that are electronically transferred
an electronic transfer of funds to a bank account whereby there is no need for a paper check.
An arrangement for automatically depositing public benefits in the recipientâ€(tm)s bank account.
The automatic deposit of funds, such as wages, benefits or tax refunds, to a person's bank account.
A common term used to refer to the process of transferring funds (making a deposit) into your account electronically.
A systematic method by which monies is electronically put into a bank or C.U.
A deposit to the credit of an accountholder that is transferred directly from another account.
The process by which a payer delivers data electronically to the payee's bank for credit to his/her account. The most common example if the federal government program for direct deposit of Social Security payments. Direct Deposit is your key to eliminating Friday afternoon bank lines. Open a no-fee, unlimited checking account with First Central Savings Bank today and start this weekend early
If you receive money on a regular basis (i.e. from a job, pension, allowance), your employer, the government or person paying the allowance can deposit the money directly into your account.
An automatic deposit of wages or benefits to a customer's bank account.
An automatic deposit of wages or benefits (such as payroll payments) into a consumer's bank account. Direct Deposit payments are processed through the Federal Reserve's Automated Clearing House. See Also Automated Clearing House, Automatic Deposit.
A method of payment which electronically credits your checking or savings account.