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  2. 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.

  3. Best online banks that take cash deposits - AOL

    www.aol.com/finance/best-online-banks-cash...

    SoFi is a personal finance company and online bank with products that include checking and savings accounts. Like Axos Bank, SoFi allows its customers to deposit cash at retail locations that ...

  4. How To Save Money by Splitting Your Direct Deposit ... - AOL

    www.aol.com/save-money-splitting-direct-deposit...

    A split direct deposit helps automate the savings process, creating a way for you to effortlessly save money. Since the money goes into a separate account — ideally one that you don’t access ...

  5. 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. This was originally accomplished by scanning a digital image of a cheque into a computer then transmitting that image to the bank, but is now accomplished ...

  6. Can You Direct Deposit Into a Savings Account? - AOL

    www.aol.com/direct-deposit-savings-account...

    A direct deposit to checking is best if you use the money for everyday purchases. However, if you want to save the money to work toward a financial goal, consider depositing it into savings instead.

  7. Deposit insurance - Wikipedia

    en.wikipedia.org/wiki/Deposit_insurance

    Deposit insurance or deposit protection is a measure implemented in many countries to protect bank depositors, in full or in part, from losses caused by a bank's inability to pay its debts when due. Deposit insurance systems are one component of a financial system safety net that promotes financial stability.

  8. 6 Things You Must Do If You Direct Deposit More Than ... - AOL

    www.aol.com/6-things-must-direct-deposit...

    Ann Martin, director of operations at CreditDonkey, advises that if you direct deposit over $5,000 a month, it’s time to start automating your savings. “Those with an income at this threshold ...

  9. 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. Transactions on deposit accounts are recorded in a bank's books, and the resulting balance is recorded ...

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