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  2. Direct debit - Wikipedia

    en.wikipedia.org/wiki/Direct_debit

    A direct debit instruction differs from a direct deposit and standing order instruction, which are initiated by the payer. A standing order involves fixed payment amounts paid periodically, while a direct debit can be of any amount and can be casual or periodic.

  3. What Is Direct Deposit? How It Works and How You Can ... - AOL

    www.aol.com/direct-deposit-works-set-181952941.html

    Direct deposit is a payment option where your funds are electronically transferred to your checking or savings account, eliminating a need for physical checks.

  4. What is a demand deposit account (DDA)? - AOL

    www.aol.com/finance/demand-deposit-account-dda...

    Note that direct debit authorization, also commonly abbreviated as “DDA,” is a separate concept from demand deposit accounts.

  5. 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 ...

  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.

  7. What Are the Benefits of Direct Deposit and Automatic ... - AOL

    www.aol.com/benefits-direct-deposit-automatic...

    With direct deposit of your paychecks and automatic payment of your bills, you don’t need to worry about mail delays and shuttered bank branches. You can access the money faster, avoid missing ...

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