Direct deposit is an electronic payment to a bank account that is typically sent by an employer or the government. Many, or all, of the products featured on this page are from our advertising partners ...

Gabriela Walsh is a Certified Educator in Personal Finance® and a personal finance editor at Red Ventures. Her previous work experience includes various editorial positions at FinanceBuzz. She ...

Yes, most banks allow you to directly deposit your paycheck into a savings account. In some cases, you may be able to split your earnings into two accounts: checking and savings. If you want to ...

A direct deposit was an added perk offered by banks back in the day, but it has become a default option for most users. When paper checks were the norm, people often wanted to know what day a ...

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, ...

Setting up direct deposit isn't just a safer way to ensure you get your tax refund — it's faster, too. According to the IRS, electronic refunds are typically deposited within 21 days of filing an ...

Direct deposit is convenient for both employers and employees, saving both parties time and potentially money. It can also unlock certain benefits for employees, such as certain checking or savings ...

Gabriela Walsh is a Certified Educator in Personal Finance® and a personal finance editor at Red Ventures. Her previous work experience includes various editorial positions at FinanceBuzz. She ...

Waiting for your paycheck or tax refund to hit your bank account can be stressful — especially when bills, rent, or groceries are due. In 2026, many banks and financial apps now offer early direct ...

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.