Having your pay sent directly to your bank rather than have a check given to you is a type of
A) Shared accounting.
B) Direct deposit.
C) Check cancellation.
D) NOW account.

Question

Having your pay sent directly to your bank rather than have a check given to you is a type of
A) ​Shared accounting.
B) ​Direct deposit.
C) ​Check cancellation.
D) ​NOW account.

Quizplus · Accepted Answer

Direct deposit is the process of having your pay sent directly to your bank account instead of receiving a physical check. This method is often more convenient, quicker, and safer than receiving a paper check.

Having Your Pay Sent Directly to Your Bank Rather Than