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

To receive the payout via direct deposit, you may need to attach a voided check.

From Salon • Mar. 24, 2026

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 • 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

For example, if the new plan saves you $200 a month in premiums, set up a direct deposit for that amount into your HSA.

From Barron's • Dec. 18, 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