From Longman Dictionary of Contemporary Englishdirect depositdiˌrect deˈposit noun [uncountable] BEWBFBa method of paying someone’s wages directly into their bank account —direct deposit verb [transitive]
Examples from the Corpus
direct deposit• To get direct deposit of your tax refund, file Form 8888 with your return.• Take direct deposit, one of the best-known and fastest-spreading banking innovations of recent years.• Among all companies with three or more employees, only 9 percent use direct deposit.From Longman Business Dictionarydirect depositdiˌrect deˈposit [countable, uncountable] BANKINGa method for paying someone’s wages directly into their bank account, or the amount paid inOffer direct deposit to your employees with our online banking service.Many banks will waive monthly fees on certain accounts where there is a regular direct deposit. → deposit 