direct deposit

American  

noun

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

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Example Sentences

That’s because I told the Internal Revenue Service to direct deposit the refund into a bank account that requires a $30,000 balance to avoid a $15 monthly service fee.

From The Wall Street Journal

The agency issued nearly 10 million tax refunds by paper check last year, and it is encouraging taxpayers to choose to receive them via direct deposit instead.

From The Wall Street Journal

If you file an accurate return electronically and choose direct deposit, the IRS says you should generally get your refund within 21 days.

From The Wall Street Journal

If you don’t elect direct deposit, the wait could be much longer.

From The Wall Street Journal

When 2025 returns lack bank-account information for direct deposit, the IRS will send a letter asking for the bank information, according to the IRS National Taxpayer Advocate.

From MarketWatch