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  2. Direct bank - Wikipedia

    en.wikipedia.org/wiki/Direct_bank

    A direct bank (sometimes called a branch-less bank or virtual bank) is a bank that offers its services only via the Internet, mobile app, email, and other electronic means, often including telephone, online chat, and mobile check deposit. A direct bank has no branch network.

  3. Direct debit - Wikipedia

    en.wikipedia.org/wiki/Direct_debit

    A direct debit or direct withdrawal is a financial transaction in which one organisation withdraws funds from a payer's bank account. [1] Formally, the organisation that calls for the funds ("the payee") instructs their bank to collect (i.e., debit) an amount directly from another's ("the payer's") bank account designated by the payer and pay those funds into a bank account designated by the ...

  4. Electronic funds transfer - Wikipedia

    en.wikipedia.org/wiki/Electronic_funds_transfer

    Electronic funds transfer (EFT) is the transfer of money from one bank account to another, either within a single financial institution or across multiple institutions, via computer-based systems. The funds transfer process generally consists of a series of electronic messages sent between financial institutions directing each to make the debit ...

  5. What Is Direct Deposit? How It Works and How You Can ... - AOL

    www.aol.com/finance/direct-deposit-works-set...

    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: Traditional deposit bank accounts, such ...

  6. How To Save Money by Splitting Your Direct Deposit ... - AOL

    www.aol.com/finance/save-money-splitting-direct...

    Direct deposit is a convenient way to receive your paycheck, tax refund or Social Security benefits. Instead of waiting for the check to arrive and then waiting in line to cash or deposit it, the...

  7. Money transfer - Wikipedia

    en.wikipedia.org/wiki/Money_transfer

    Money transfer generally refers to one of the following cashless modes of payment or payment systems: Electronic funds transfer, an umbrella term mostly used for bank card-based payments; Giro (banking), also known as direct deposit; Money order, transfer by postal cheque, money gram or others

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