Direct deposit gives you quick, automatic access to funds from a payment, like a paycheck or a Social Security check, that’s transferred electronically from a payer’s account to your bank account. The ...

Opting to use direct deposit instead of requesting a paper check has advantages such as convenience, security and reliability ...

Aaron Broverman is the Managing Editor of Forbes Advisor Canada. He has almost 20 years of experience writing in the personal finance space for outlets such as Bankrate, Bankrate Canada, ...

Many U.S. employers offer direct deposit to their employees. This tends to be rather useful as it can limit the need for paper checks while allowing people more immediate access to their funds. But ...

Direct deposit is an electronic payment method banks use to transfer money directly into your account. Most employers use direct deposit for payroll, which helps ensure timely and secure payments.