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  2. Direct deposit - Wikipedia

    en.wikipedia.org/wiki/Direct_deposit

    A direct deposit (or direct credit), in banking, is a deposit of money by a payer directly into a payee's bank account. Direct deposits are most commonly made by businesses in the payment of salaries and wages and for the payment of suppliers' accounts, but the facility can be used for payments for any purpose, such as payment of bills, taxes ...

  3. Direct debit - Wikipedia

    en.wikipedia.org/wiki/Direct_debit

    A direct debit or direct withdrawal is a financial transaction in which one organisation withdraws funds from a payer's bank account.

  4. Direct bank - Wikipedia

    en.wikipedia.org/wiki/Direct_bank

    A direct bank (sometimes called a branch-less bank or virtual bank) is a bank that offers its services only via the Internet, mobile app, email, and other electronic means, often including telephone, online chat, and mobile check deposit.

  5. Automated clearing house - Wikipedia

    en.wikipedia.org/wiki/Automated_Clearing_House

    An automated clearing house ( ACH) is a computer-based electronic network for processing transactions, [1] usually domestic low value payments, between participating financial institutions. It may support both credit transfers and direct debits.

  6. Transaction account - Wikipedia

    en.wikipedia.org/wiki/Transaction_account

    A transaction account, also called a checking account, chequing account, current account, demand deposit account, or share draft account at credit unions, is a deposit account or bank account held at a bank or other financial institution. It is available to the account owner "on demand" and is available for frequent and immediate access by the ...

  7. Electronic funds transfer - Wikipedia

    en.wikipedia.org/wiki/Electronic_funds_transfer

    Electronic funds transfer (EFT) is the electronic transfer of money from one bank account to another, either within a single financial institution or across multiple institutions, via computer-based systems, without the direct intervention of bank staff.

  8. Deposit account - Wikipedia

    en.wikipedia.org/wiki/Deposit_account

    A deposit account is a bank account maintained by a financial institution in which a customer can deposit and withdraw money. Deposit accounts can be savings accounts, current accounts or any of several other types of accounts explained below.

  9. Electronic bill payment - Wikipedia

    en.wikipedia.org/wiki/Electronic_bill_payment

    These payments are typically executed electronically as a direct deposit through a national payment system, operated by the banks or in conjunction with the government. Payment is typically initiated by the payer but can also be set up as a direct debit .

  10. Remote deposit - Wikipedia

    en.wikipedia.org/wiki/Remote_deposit

    Remote deposit or mobile deposit is the ability of a bank customer to deposit a cheque into a bank account from a remote location, without having to physically deliver the cheque to the bank.

  11. Payday loan - Wikipedia

    en.wikipedia.org/wiki/Payday_loan

    Wells Fargo currently offers its version of a payday loan, called "Direct Deposit Advance", which charges 120% APR. Similarly, the BBC reported in 2010 that controversial TxtLoan charges 10% for seven-days advance which is available for approved customers instantly over a text message.