Insurance companies commonly _______ in a practice called direct deposit.
A)deposit funds through an ATM
B)transmit information to the bank through scanned images of a check
C)take funds to the bank to have them physically deposited in the dental practice bank account
D)transfer money directly from their bank account to the dental practice bank account

Question

Quizplus · Accepted Answer

Direct deposit is a method in which funds are transferred electronically from one bank account to another. In this case, insurance companies transfer money directly from their bank account to the dental practice bank account. This method is faster, more secure, and more convenient than other methods like physically depositing or using scanned images.

Insurance Companies Commonly _______ in a Practice Called Direct Deposit