So what is a direct deposit, really?

Direct deposit is when your paycheck goes straight into your bank account - no paper checks, no bank runs, and no delays. It’s an electronic transfer system, usually run through ACH (Automated Clearing House), and most employers now use it by default.

It means your money shows up automatically on payday (sometimes even earlier, depending on your bank.) You still get a pay stub for the record, but the cash is already in your account. Many companies even let you split your deposit between accounts, like checking and savings.

Direct deposit is quicker, safer, and easier for both employers and employees. And once it’s set up? You barely have to think about payday again - just check your balance.

Checks are for birthday cards. Direct deposit is for grown-ups.