Direct Deposit

Direct deposit is an electronic payment method in which an employer deposits an employee’s wages directly into their bank account rather than issuing a paper check. This method is faster, more secure, and more convenient for both employers and employees.

Direct deposit reduces the risk of check theft, eliminates the need for employees to visit the bank, and allows for immediate access to funds. It is widely used for payroll, as well as for other payments such as tax refunds and government benefits. Direct deposit typically requires employees to provide their bank account details to the employer for setup.