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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 a demand deposit account (DDA)? - AOL

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

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

4. 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.

5. Transaction account - Wikipedia

   en.wikipedia.org/wiki/Transaction_account

   Debit card (cashless direct payment at a store or merchant) Cash (deposit and withdrawal of coins and banknotes at a branch) Cheque and money order (paper instruction to pay) Direct debit (pre-authorized debit) Standing order (automatic regular funds transfers) Electronic funds transfers (transfer funds electronically to another account)

6. 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 ...

7. What is a checking account? - AOL

   www.aol.com/finance/checking-account-174644492.html

   Checking accounts are commonly used for paying bills, writing checks, making debit card purchases and ATM cash withdrawals. A checking account can also serve as a place to receive your payroll ...