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- Service members would be able to update information, record direct deposit choices and request other personnel and pay actions directly online via the Internet rather than having to go stand in line at the personnel office on their local base.
- Some banks offering OSA's may not have bank branches and a customer may deposit funds into their account by either ACH transfer, mailing in a cheque, or direct deposit.
- Kvederis is widely known in the financial industry for helping introduce Direct Deposit during his tenure as chairman of the National Automated Clearing House Association (now NACHA-The Electronic Payments Association) during the 1980s.
- Office payrolls have been automated, which means no one has to manually cut checks, and those checks that are cut can be printed through computer programs. Direct deposit can be automatically set up and this further reduces the manual process, and most employees who participate in direct deposit often find their paychecks come earlier than if they'd have to wait for their checks to be written and then cleared by the bank.
- A person can also instruct their employer to direct deposit an amount from each paycheck into their TreasuryDirect account, which replaced an earlier system where an employee could instruct their company to purchase paper bonds with a portion of their paycheck.
- Wages can be paid by cash, cheque, draft or money order. Direct deposit can be used only if expressly authorized.
- Hynes also expanded the office's commercial direct deposit program, encouraging state vendors to receive payments electronically, which saves taxpayer money and improves efficiency.
- Programs such as direct deposit for military payrolls and better human relations are prime examples.
- This is an alternative to the direct deposit of tax payments into Treasury accounts with Federal Reserve banks.
- The Government prefers to use Direct Deposit, which has been observed to be consistently executed shortly after midnight Pacific time.
- Though many debit cards are drawn against chequing accounts, direct deposit and point-of-purchase electronic payments are cleared through networks separate from the cheque clearing system (in the United States, the Federal Reserve's Automated Clearing House and the private Electronic Payments Network).
- These payments are typically executed electronically as a direct deposit through a national payment system, operated by the banks or in conjunction with the government.
- Conveniences such as direct deposit can save companies and consumers money, though this may or may not be passed along to the consumer.
- Direct deposit systems such as those in common use in the United States, by contrast, require the recipient's explicit approval, typically provided by filling out a form.
- Currency exchangers accept payment in national currencies by a variety of methods, including Bank Wire, Direct Deposit, Cheque, Money Order.
- 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 exact benefits and qualifications vary depending on country, but typically require a monthly direct deposit or maintain US$5,000 of deposit/investments or residential mortgage.
- The "Discount and Finance House of India" began its operations in the monetary market in April 1988; the "National Housing Bank", founded in July 1988, was forced to invest in the property market and a new financial law improved the versatility of direct deposit by more security measures and liberalisation.
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Contains translations by TU Chemnitz and Mr Honey's Business Dictionary (German-English only).
Links to this dictionary or to individual translations are very welcome!