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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.
Banking. An automated clearing house ( ACH) is a computer-based electronic network for processing transactions, [1] usually domestic low value payments, between participating financial institutions. It may support both credit transfers and direct debits. [2] [3] The ACH system is designed to process batches of payments containing numerous ...
Other common uses for a checking account include receiving payroll direct deposited, withdrawing cash at an ATM, and making wire transfers and person-to-person payments.
Other ways to fund an online bank account include electronic transfers, mobile check deposits and direct deposit. Using an online-only bank often means you’ll earn higher rates and pay fewer ...
Paycheck. A paycheck, also spelled paycheque, pay check or pay cheque, is traditionally a paper document (a cheque) issued by an employer to pay an employee for services rendered. In recent times, the physical paycheck has been increasingly replaced by electronic direct deposits to the employee's designated bank account or loaded onto a payroll ...
071921891. Not all routing numbers are available on PNC Bank’s website, so if you don’t have immediate access to your routing number, you’ll have to either contact your local branch or call ...
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