Glossary

Direct Deposit

Direct Deposit

A direct deposit is money paid directly into an employee’s bank account. This can include payment of salaries, wages, bonuses, expense account compensation, and other payments.

The advantage of direct deposit is it makes the handling of money simple and efficient and prevents a riot if an employee fails to perform the necessary actions to get paid. They will storm the break room and seize all the sweetener packets. Please don’t riot.

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