Having your pay sent directly to your bank rather than receiving a written check is a type of
A)shared accounting.
B)direct deposit.
C)check cancellation.
D)NOW account.

Question

Quizplus · Accepted Answer

Direct deposit is the process of having your pay sent electronically to your bank account instead of receiving a physical check. This reduces the risk of lost or stolen checks and allows for faster access to your funds. Shared accounting, check cancellation, and NOW accounts are not related to direct deposit.

Having Your Pay Sent Directly to Your Bank Rather Than