What Is Direct Deposit?ĭirect deposit is a fully automated method of handling transactions. Here’s everything you need to know about using direct deposit. So it’s a good idea to make sure you understand just what you can expect and how you can get the most out of it. But just because direct deposit is ubiquitous doesn’t mean everyone knows all the ins and outs of this payment method. Over the past 20 years, direct deposit has gone from being a perk to the default for most workers.
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