Direct Deposit - FOLIO Ontology

Identification

IRI:

https://folio.openlegalstandard.org/RCZ6fXRHbuqgdaGFajrrcVk

Label Direct Deposit

Preferred Label N/A

Identifier N/A

Alternative Labels

None

Definition

Direct Deposit is an electronic method of transferring funds directly from one bank account to another, commonly used for payroll or benefit disbursements. It's a form of ACH transfer that allows money to be moved without the need for physical checks.

Class Relationships

Sub Class Of

• Payment Modality

Is Defined By

N/A

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Additional Information

Metadata

Comment

None

Description

None

Notes

• None

Editorial Information

History Note

None

Editorial Note

None

Deprecated

No

Source and Origin

No source or origin information available