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.
Only SoFi members with direct deposit are eligible for other SoFi Plus benefits. Elizabeth Gravier, CNBC, 6 Nov. 2024 Her paycheck for her job as a health aide had just been sent via direct deposit into her account. Susan Tompor, USA TODAY, 31 Oct. 2024 To keep your savings on autopilot, set up monthly automatic contributions to your other savings accounts in addition to a split direct deposit. Tribune News Service, The Mercury News, 30 Oct. 2024 Using direct deposit can help people get refunds within less than three weeks. Susan Tompor, Detroit Free Press, 1 Feb. 2024 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 2 Dec. 2024.

Last Updated: - Updated example sentences
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!