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

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

    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. 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.

  5. Payment system - Wikipedia

    en.wikipedia.org/wiki/Payment_system

    A payment system is an operational network which links bank accounts and provides for monetary exchange using bank deposits. Some payment systems also include credit mechanisms, which are essentially a different aspect of payment.

  6. What Is ACH Direct Deposit? - AOL

    www.aol.com/ach-direct-deposit-222348700.html

    ACH Direct Deposit Quick Take. Automated Clearing House, or ACH network, payments are electronic fund transfers deposited directly into your checking or savings bank account, generally by your ...

  7. What Are the Benefits of Direct Deposit and Automatic Payments?

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

    You can (or may have to) sign up for direct deposit of other payments, such as your Social Security benefits, pension payouts, military retirement pay and unemployment benefits.

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