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  2. Automated clearing house - Wikipedia

    en.wikipedia.org/wiki/Automated_Clearing_House

    ACH credit transfers are initiated by the payer and include payments such as: direct deposits, payrolls, retail payments and vendor payments. ACH direct debit collections are initiated by the payee with pre-authorization from the payer; ACH direct debits include consumer payments such as utility bills, insurance premiums , mortgage loans , and ...

  3. Refund anticipation loan - Wikipedia

    en.wikipedia.org/wiki/Refund_anticipation_loan

    Refund anticipation loan ( RAL) is a short-term consumer loan in the United States provided by a third party against an expected tax refund for the duration it takes the tax authority to pay the refund. The loan term was usually about two to three weeks, related to the time it took the U.S. Internal Revenue Service to deposit refunds in ...

  4. 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. Formally, the organisation that calls for the funds ("the payee") instructs their bank to collect (i.e., debit) an amount directly from another's ("the payer's") bank account designated by the payer and pay those funds into a bank account designated by the payee.

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

    www.aol.com/finance/direct-deposit-works-set...

    Enter the deposit amount. You may have your entire check direct deposited into one account or split between accounts, such as checking and savings. Provide a voided check or deposit slip if ...

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

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

    A direct debit authorization refers to transactions you make using your debit card. An example would be a debit card purchase you make at the grocery store. Types of demand deposit accounts

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

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

    The IRS also uses any direct deposit information from your last tax return on file when making stimulus payments. Find: The 6 Most Important Tax Deductions You Need To Claim.

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