direct deposit definition by American Heritage Dictionary
nounThe American Heritage® Dictionary of the English Language, 4th edition Copyright © 2010 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
The electronic transfer of a payment directly from the account of the payer to that of the party being paid.
direct deposit - Business Definition
Electronic deposit of funds into a savings account or checking account. Direct deposit reduces the expense of making payments and the time required to credit payments to an account.