What is Direct Deposit and how does it work?

Question

What is Direct Deposit and how does it work?

Answer 1

Directly go to a bank and deposit the money on your account. Employers pay directly to your checking or savings account rather than issuing you a paper check.

Answer 2

Employers transfer the amount of your salary into your account at the bank.   It saves your employer the cost of printing and distributing paychecks and it saves you the time and cost of taking your check to the bank to deposit or cash it.  It is also safer for you because you don't have to worry about your check being lost or stolen.

Answer 3

money is deposited with out you making a trip to the bank. Employers do this all the time as a convenience for employees. The money is good on pay day