Definition
Direct deposit is an electronic transfer of funds directly into a bank account.
Why It Matters
It provides secure, fast, and convenient payment delivery.
Example
Receiving a paycheck electronically.
Malone Global University
Malone Global University
Economics Glossary – Malone Global University
Direct deposit is an electronic transfer of funds directly into a bank account.
It provides secure, fast, and convenient payment delivery.
Receiving a paycheck electronically.