Direct Deposit: What It Is, How It Works, Benefits & Risks
2:57
YouTubeSimple Explain
Direct Deposit: What It Is, How It Works, Benefits & Risks
Today, we will talk about direct deposit, the deposit of funds electronically into a bank account rather than through a physical, paper check. Direct deposit requires the use of an electronic network called the automated clearing house (ACH) that allows deposits to take place between banks. It is commonly used for salaries, tax refunds ...
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