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.

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 ...

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 ...

Opting to use direct deposit instead of requesting a paper check has advantages such as convenience, security and reliability. It’s also popular. Almost 93% of Americans receive their paychecks by ...

If you find yourself counting down the days until payday, you could open a bank account that gives you early access to your ...