You are so thankful that your employer offers direct deposit for your paycheques. Every other Friday, your paycheque is deposited into your account, and it saves you from having to make a trip to the bank. This is an example of which innovation in banking?

Question

Quizplus · Accepted Answer

Direct deposit is a form of convenient deposit option, where the paycheck is automatically deposited into the bank account without requiring a physical visit to the bank. The other options listed do not apply to this scenario.

You Are So Thankful That Your Employer Offers Direct Deposit