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With direct deposit from Wells Fargo, your money will be automatically deposited the same day. ... If you send your employer the wrong account number, the funds could end up in the wrong account ...
Direct deposit is an electronic transfer of funds from a payer to a payee’s account. You can set up direct deposits with the following types of accounts:
Direct Deposit. Direct deposit lets you receive recurring payments, such as paychecks and government benefits, directly to your bank account. You can enroll online to receive government benefits ...
A direct deposit (or direct credit), in banking, is a deposit of money by a payer directly into a payee's bank account.Direct deposits are most commonly made by businesses in the payment of salaries and wages and for the payment of suppliers' accounts, but the facility can be used for payments for any purpose, such as payment of bills, taxes, and other government charges.
Direct deposit is a type of electronic funds transfer (EFT). With it, your employer deposits your earned wages for that period directly into your account — usually you checking account.
Direct depositing your paycheck into a bank account saves you time. You won't need to worry about cashing a paper check or spending time visiting a financial institution to deposit your earnings....
Direct deposit times vary depending on different factors, including bank processing times and when your employer sends payroll. Most banks post direct deposits before 9 a.m. each business day.
With direct deposit, you typically have more immediate access to your paycheck. This is because the funds usually go through faster than if you were to manually deposit your check.
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