direct deposit

noun

: a method of payment in which money is transferred to the payee's account without the use of checks or cash

Examples of direct deposit in a Sentence

Our employees are paid by direct deposit.
Recent Examples on the Web
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
Combining electronic filing and direct deposit to file early produces the fastest refunds, according to the IRS, and some may be eligible to file electronically for free. Evan Moore, Charlotte Observer, 14 Feb. 2025 According to the agency, eligible taxpayers who e-filed and set up direct deposit should receive their refund by March 3. Find a tax relief company that can help Who can claim the child tax credit? Dan Avery, CNBC, 12 Feb. 2025 Taxpayers can also set up a direct deposit to receive their tax refund payments directly into their bank accounts. Rebecca Schneid, TIME, 12 Feb. 2025 However, that process can be expedited if a filer opts for e-filing and direct deposit for their return. John Yoo and John Shu, Newsweek, 24 Jan. 2025 See all Example Sentences for direct deposit 

Word History

First Known Use

1974, in the meaning defined above

Time Traveler
The first known use of direct deposit was in 1974

Dictionary Entries Near direct deposit

Cite this Entry

“Direct deposit.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/direct%20deposit. Accessed 22 Feb. 2025.

Last Updated: - Updated example sentences
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