Direct Deposit


  • The automatic deposit of funds, such as wages, benefits or tax refunds, to a person's bank account.

directly transfer funds, transfer into account


Related Terms and Acronyms

  • Direct Debit (DD) Acronym, Important,
    • A means of authorizing recurring payments (e.g., mortgage payments, insurance premiums) to be drawn on an account.
  • Direct Deposit Refund (DDR)Acronym,
    • Direct Fund Transfer Definition,
      • Similar to a direct deposit.
    • Transaction Definition,
      • Action in a bank account. It may be a deposit, withdrawal, debit card payment, service charge or interest payment.
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