Direct deposit gives you quick, automatic access to funds from a payment, like a paycheck or a Social Security check, that’s transferred electronically from a payer’s account to your bank account. The ...

Setting up direct deposit isn't just a safer way to ensure you get your tax refund — it's faster, too. According to the IRS, electronic refunds are typically deposited within 21 days of filing an ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Betsy began her career in international finance and it has since grown into a comprehensive ...

Most Americans now choose to receive their paychecks by direct deposit, as opposed to the antiquated paper checks of income past. With the conveniences and benefits of electronic deposits along with ...

Aaron Broverman is the Managing Editor of Forbes Advisor Canada. He has almost 20 years of experience writing in the personal finance space for outlets such as Bankrate, Bankrate Canada, ...

Gabriela Walsh is a Certified Educator in Personal Finance® and a personal finance editor at Red Ventures. Her previous work experience includes various editorial positions at FinanceBuzz. She ...

With the rise of online-only banks and apps that allow money transfers in just a few seconds from a smartphone, consumers no longer have to rely on ATMs or a bank teller to handle their paper checks.

The Internal Revenue Service (IRS) has revolutionized the way taxpayers receive their refunds by implementing a direct deposit system. This method allows for electronic transfers directly into your ...