Direct Deposit

Definition

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

Synonyms
directly transfer funds, transfer into account

Acronyms
DD

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.