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

If you have already filed without your direct deposit information, you will likely receive a CP53E notice from the IRS requesting account information.

From Barron's • Mar. 28, 2026

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

From The Wall Street Journal • Jan. 26, 2026

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 • Jan. 8, 2026

The money is arriving by check, direct deposit or via Venmo, depending on what the claimant chose as their preference.

From Los Angeles Times • May 8, 2025

To stave off the evil day when all things must be disclosed to the trusting member, "financing" is restored to, money raised on direct deposit, and advances obtained from banks.

From Everybody's Guide to Money Matters: with a description of the various investments chiefly dealt in on the stock exchange, and the mode of dealing therein by Cotton, William