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  2. What Is Direct Deposit? How It Works and How You Can ... - AOL

    www.aol.com/finance/direct-deposit-works-set...

    Get a direct deposit form from the payer. For instance, if you want to set up direct deposit for your paycheck, you’ll get the form from your employer. Your bank may also have a form for setting ...

  3. Can You Direct Deposit Into a Savings Account? - AOL

    www.aol.com/direct-deposit-savings-account...

    A direct deposit to checking is best if you use the money for everyday purchases. However, if you want to save the money to work toward a financial goal, consider depositing it into savings instead.

  4. How To Save Money by Splitting Your Direct Deposit ... - AOL

    www.aol.com/finance/save-money-splitting-direct...

    Yes, you can split your tax refund into up to three different accounts, and this option is available to you whether you file electronically or on paper. The IRS will let you divide the refund ...

  5. Demand deposit - Wikipedia

    en.wikipedia.org/wiki/Demand_deposit

    Banking. Demand deposits or checkbook money are funds held in demand accounts in commercial banks. These account balances are usually considered money and form the greater part of the narrowly defined money supply of a country. Simply put, these are deposits in the bank that can be withdrawn on demand, without any prior notice.

  6. Electronic funds transfer - Wikipedia

    en.wikipedia.org/wiki/Electronic_funds_transfer

    t. e. Electronic funds transfer ( EFT) is the electronic transfer of money from one bank account to another, either within a single financial institution or across multiple institutions, via computer -based systems, without the direct intervention of bank staff. According to the United States Electronic Fund Transfer Act of 1978 it is "a funds ...

  7. Direct deposit - Wikipedia

    en.wikipedia.org/wiki/Direct_deposit

    A direct deposit (or direct credit ), in banking, is a deposit of money by a payer directly into a payee's bank account. Direct deposits are most commonly made by businesses in the payment of salaries and wages and for the payment of suppliers' accounts, but the facility can be used for payments for any purpose, such as payment of bills, taxes ...

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