Examples of direct deposit

• Payments are disbursed to recipients through direct deposit to bank accounts.

• It is similar to a direct deposit but initiated by the beneficiary.

• Card users can also opt to have their payroll transferred directly to the card through direct deposit and the card acting as their checking account.

• Conveniences such as direct deposit can save companies and consumers money, though this may or may not be passed along to the consumer.

• A direct debit instruction differs from a direct deposit and standing order instruction, which are initiated by the payer.

• Programs such as direct deposit for military payrolls and better human relations are prime examples.

• Holds originate from cheque deposits waiting to clear, notice of returns, notice of collection, debit card purchases or direct deposit.

• A standing order involves fixed payment amounts paid periodically, while a direct deposit can be of any amount and can be casual or periodic.