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direct deposit

   Also found in: Financial, Acronyms, Wikipedia 0.01 sec.
direct deposit
n.
The electronic transfer of a payment directly from the account of the payer to that of the party being paid.


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The $10 monthly maintenance lee is waived in any statement cycle in which the customer receives an ACH Direct Deposit and an eStatement.
Typically this would be your payroll direct deposit from your employer; but may also include child support or other direct deposit transactions.
 
 
 
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