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What is Direct Deposit mean?
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, and other government charges.
When making a direct deposit by means of electronic funds transfer, the payer also normally enters reference information to make it easy for the payee to recognise who made the deposit and which account to credit. The reference may be an account number, an invoice number, the payer's name, or some other meaningful identification. To ensure that the payee is aware of the deposit, the payer commonly follows up by sending to the payee a remittance advice.
The direct deposit facility is often better known by country-specific payment systems used to action these payments such as the following:
Giro in most of EuropeACH Network (ACH) in the United StatesDirect entry in Australia referenceFull Form | Category |
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Degree Days | Academic & Science |
Difference in Differences | Academic & Science |
Dual Diagnosis | Academic & Science |
Design Development | Academic & Science |
Detailed Design | Academic & Science |
Demonstration Division | Academic & Science |
Direct Debit | Accounts and Finance |
Demand Deposit | Accounts and Finance |
Demand Draft | Banking |
Decisions, Decisions | Business |
Double Duty | Business |
Delay Discounting | Business |
Design and Development | Business |
DDS Wireless International Incorporated (de-listed) | Business |
Direct Deposit | Business |
E. I. DuPont de Nemours & Company | Business |
Dialing for Dollars | Community |
Down and Dirty | Community |
Council Governor's Council on Developmental Disabilities | Community |
Developmentally Disabled | Community |
Dearly Departed | Community |
Disco Direction | Community |
Domestic Discipline | Community |
Delilah's Den | Community |
Denton Daily | Community |
Dumb and Dumber | Community |
Daily Digest | Community |
Doctor Doom | Community |
David Duchovny | Community |
Donald Duck | Community |
Developmental Disability | Community |
Doris Day | Community |
Duplicate Disk | Computer Assembly Language |
Discharged Dead | Computer Hardware |
Disk Duplicator | Computer Hardware |
Disk Data | Computer Hardware |
Double Density (floppy Disk) | Computer Hardware |
Data Duplicator | Computer Hardware |
Disk Drive | Computer Hardware |
Data Definition | Computing |
Data Dump | Computing |
Disk Dump | Computing |
Destroy Disk | Computing |
Deterministic Data | Computing |
Definition Description | Database Management |
Defined Definition | Database Management |
Definition Data | Database Management |
Doctor of Divinity | Educational Degree |
Double Degree | Educational Degree |
Dolby Digital | Electronics |
Double Diode | Electronics |
Compressed Macintosh File Archive (diskdoubler) | File Type |
Desert Dreams | General |
Dwight David | General |
Depersonalization Disorder | General |
Due Dilligence | General |
Decant Detail | General |
Double Death | General |
Double Drat | General |
Dirty Dirty | General |
Description Details | General |
Dwight Douglas | General |
Designated Drinker | General |
Direct Dialed | General |
Dawn Danielle | General |
Dishy Daddy | General |
Dilivered DD | General |
Deadly Duo | General |
Doordarshan DD | General |
Dunkin Donuts | General |
Dare Devil | General |
Dylan Daniel | General |
Darkest Dungeon | General |
Daddy's Dog | General |
Doubly Delightful | General |
Deep Dish | General |
Data Description | General |
Discuss Disgusts | General |
Definition Definition | General |
Doctor of Divisionnity | General |
Definition Decimal | General |
Definition of DD | General |
Disk Destroyer | General |
David Douglas | General |
Double Defense | General |
Disney Daughter | General |
Daily Dose | General |
Dueling Dragons | General |
Document Discriminator | General |
Dopey Daughter | General |
Dynamic Difficulty | General |
Distant Dream | General |
Digital Delay | General |
Darling Daughter | General |
Dearest Daughter | General |
Double Disc | General |
Double Dicking | General |
Death Domain | General |
Digital Data | General |
Distraction Disturber | General |
Daniel Defense | General |
Doubled-Die | General |
Direct Drive | General |
Dwarven Defender | General |
Double Distinguished | General |
Dino Digs | General |
Dumb Duck | General |
Damn Dirty | General |
Dead Dad | General |
Draft Dog | General |
Destroyer (Destroyer type, Destroyer sub-type) | General |
Due Diligence | Governmental |
Designated Driver | Governmental |
Drug Dealer | Governmental |
Division Director | Governmental |
Department of Drugs (Swedish Regulatory Agency) | Governmental |
Department of Defense Form | Governmental |
Drainage Division (N.I.) | Governmental |
Doordarshan | Indian Government |
DAUND JN | Indian Railway Station |
Daman and Diu | Indian Union Territory |
Double Density | Information Technology |
Delhi Daredevils | IPL Team |
Disco Dancer | Jobs |
Deputy Director | Jobs |
Default Distribution | Maths |
Decimal Degrees | Measurement Unit |
Dry Dressing | Medical |
Distant Disease | Medical |
Digital Dentistry | Medical |
Developmental Disabilities | Medical |
Differential Diagnosis | Medical |
Developmental Delay | Medical |
Delusional Disorder | Medical |
Dead Deer | Medical |
Device Deficiency | Medical |
Discharge Diagnosis | Medical |
Dear Daughter | Messaging |
Direct Damage | Military and Defence |
Duplex Drive | Military and Defence |
Deployment Descriptor | Military and Defence |
Department of Defense | Military and Defence |
Defensive Damage | Military and Defence |
Destroyer | Military and Defence |
Data Devices | Military and Defence |
Dms Discretion | Military and Defence |
Diffractive Dissociation | Physics Related |
Differential Detection | Physics Related |
Data Dumper | Softwares |
Duplicate Data | Softwares |
Data Dependent | Softwares |
Device Dump | Softwares |
Data Depository | Space Science |
Data Display | Space Science |
Decoder Driver | Space Science |
Dedicated Display | Space Science |
Directives Documentation | Space Science |
Mechanical and Facilities Engineering Directorate, Kennedy Space Center | Space Science |
Damage Dealer | Sports |
Double-double (basketball) | Sports |
Degree of Difficulty | Sports |
Double Dark | Sports |
Digit Directory | Telecommunication |
Posted on 29 Oct 2024, this text provides information on Miscellaneous in Business related to Business. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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