direct deposits
Electronically transferred wages
Direct deposits are electronic transfers of funds straight into a bank account, bypassing physical checks.
The term most commonly refers to payroll: employers send wages directly to employees' accounts rather than issuing paper checks.
Government benefits, tax refunds, and other recurring payments also arrive as direct deposits.
My paycheck hits via direct deposit every other Friday.
Compensation for labor
- wagesPayment for work
- salaryFixed periodic employment payment
- earningsMoney gained from work
- compensationPayment for services rendered
pay stub · net pay · gross pay · take-home pay · pay period · withholding · employer · HR
Digital money transmission
- EFTDigital account-to-account payment
- clearinghouseCentral settlement agency
- routing numberBank branch identifier code
- account numberUnique client identifier digits
checking account · savings account · credit union · bank account · financial institution · wire transfer · transaction · ledger
Operating without intervention
- paperlessUsing no printed materials
- time-savingReducing required duration
- seamlessWithout visible joins
- reliableConsistently performing as expected
effortless · streamlined · quick · efficient · hassle-free · consistent · scheduled · recurring
Returned excess withholding
- IRSFederal tax collector
- Social SecurityFederal old-age insurance program
- pensionRetiree's ongoing benefit
- benefitsGains or helpful effects
stimulus · unemployment · disability · veterans benefits · SNAP · child support · welfare · treasury
Converting data into code
- fraud preventionStopping dishonest financial activity
- authenticationConfirming genuine identity
- identity verificationConfirming someone's claimed self
- tokenizationConverting input into discrete units
data protection · access controls · authorization · audit trail · compliance · FDIC · protected
paycheck
Compensation for labor
compensation · pay stub · net pay · gross pay · take-home pay · pay period · withholding · employer · HR · benefits
electronic funds transfer
Digital money transmission
- EFTDigital account-to-account payment
- clearinghouseCentral settlement agency
- routing numberBank branch identifier code
account number · checking account · savings account · credit union · bank account · financial institution · wire transfer · transaction · ledger · bookkeeping
automatic
Operating without intervention
- paperlessUsing no printed materials
- time-savingReducing required duration
- seamlessWithout visible joins
reliable · effortless · streamlined · quick · efficient · hassle-free · consistent · scheduled · recurring · predictable
tax refund
Returned excess withholding
- IRSFederal tax collector
- Social SecurityFederal old-age insurance program
- pensionRetiree's ongoing benefit
benefits · stimulus · unemployment · disability · veterans benefits · SNAP · child support · welfare · treasury · state benefits
encryption
Converting data into code
- fraud preventionStopping dishonest financial activity
- authenticationConfirming genuine identity
- identity verificationConfirming someone's claimed self
tokenization · data protection · access controls · authorization · audit trail · compliance · FDIC · protected
- bankingbank, banks, ATM, ATMs, account
- payrollpaycheck, gross pay, base salary, net pay, pay stub
- benefitsadvantage, healthcare coverage, dental insurance, benefit, health screening
- financial recordsbank statements, ledger, account statements, invoice, balance sheet
direct depositsdirect debits
Authorized automatic account withdrawals
automatic payments · recurring payments · autopay · bank drafts
direct, deposit, directs, directed, directing, directly, direction, directions, directional