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Direct deposit is a payment option where your funds are electronically transferred to your checking or savings account, eliminating a need for physical checks.
QuickBooks is an accounting software package developed and marketed by Intuit. First introduced in 1992, QuickBooks products are geared mainly toward small and medium-sized businesses and offer on-premises accounting applications as well as cloud-based versions that accept business payments, manage and pay bills, and payroll functions.
To put it simply, direct deposit uses the ACH Network to send paychecks or other forms of electronic payments directly to your bank account, avoiding the need for paper checks.
Direct deposit lets you receive recurring payments, such as paychecks and government benefits, directly to your bank account. You can enroll online to receive government benefits this way.
Personal finance is the financial management that an individual or a family unit performs to budget, save, and spend monetary resources in a controlled manner, taking into account various financial risks and future life events.
Direct deposit: You can set up your paycheck or government benefits to be directly deposited into your online bank account.
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