payroll deposit
Wage account credit
A payroll deposit is the transfer of wages or salary directly into an employee's bank account.
Most employers now use direct deposit rather than issuing paper checks: My payroll deposit hits every other Friday.
The term sometimes appears on bank statements to identify the source of funds.
- salaryFixed periodic employment payment
- wagesPayment for work
- bank accountFinancial storage for funds
- paydayScheduled compensation date
- earningsMoney gained from work
income · automatic · pay stub · transfer · stub · withholding · payroll taxes · taxes · biweekly · employer · funds · electronic transfer · credited · routing number · balance · notification · checking · recurring
- depositsCD, FDIC insurance
- automated paymentsautopay, bill pay, standing order, automatic deduction, subscription fees
- money transfersbank transfer, wire transfer, fund transfer, electronic transfer, credit transfer
- bankingbank, banks, ATM, ATMs, account
- Digital Paymentsdigital wallet, Apple Pay, contactless card, Google Pay, mobile payments
- ACH paymentsoriginator, clearinghouse, routing number, account number, batch processing
direction of money flow
payroll depositpayroll deduction
Sum subtracted from wages
wage garnishment · tax withholding · employee contribution · direct debit · levy
roll, pays, paying, payable, payment, repayment, rolls, rolled, rolling