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direct deposit

   Also found in: Financial, Acronyms, Wikipedia 0.02 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 IRS unveiled a draft version of Form 8888, Direct Deposit of Refund; see IR-2006-134.
Splitting refunds among accounts by Laffie, Lesli S. / The Tax Adviser
Among the new laws is one allowing employers to issue an employee's final paycheck through direct deposit and an agreement allowing employers in the motion picture and broadcast industries more flexibility in scheduling meal periods for union workers.
Staying legal in '06: new law adds flex time for show biz; minimum ... by Fine, Howard / Los Angeles Business Journal
Nearly 47 million taxpayers chose direct deposit of their refunds for the 2004 filing season, a 10.
Let Uncle Sam do your banking by Journal of Accountancy
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