Deposit Initials Format

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DEP stands for Deposit This definition appears very frequently and is found in the following Acronym Finder categories: Business, finance, etc.
DD. (redirected from direct deposit) Also found in: Dictionary, Financial, Wikipedia.
Direct deposits include deposits made by the customer's employer or a federal or state government agency or retirement benefits administrator and generally payments made by corporations or other organizations.
Qualifying Direct Deposits are Automated Clearing House (ACH) credits, which may include payroll, pension or government payments (such as Social Security) by your employer, or an outside agency.
And now my bank is telling me that if my employer is using Belle, then it doesn't count as direct deposit. Therefore, they will charge me a service fee to my checking account if I go under a specified amount. The money is getting deposited “directly” into my account.
Direct deposit is a method of payment where a paying party, such as an employer or government agency, electronically transfers a payment in cash from its bank account into the bank account of the payee. Salaries and tax refunds are examples of payments commonly made through direct deposit.
If the bank posts at the end of the banking day (usually 3:00 PM local time) then all deposits will be available at the beginning of the next banking day. So if a deposit arrives on Monday before 3:00 PM your money will be available by 9:00 AM on Tuesday.
Direct deposit is a payment option where your funds are electronically transferred to your checking or savings account. This can help the payee receive payment faster and avoid dealing with physical checks. In many cases, direct deposit means your payroll checks are automatically deposited into your bank account.
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