# Direct Deposit

**IRI:** https://folio.openlegalstandard.org/RCZ6fXRHbuqgdaGFajrrcVk

## Labels

## 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.

## Sub Class Of

- https://folio.openlegalstandard.org/R8V9Ma3IrggNq0pxeXl8Re5

**Deprecated:** False