SESKStuff Everyone Should Know
SESK: Stuff Everyone Should Know · sesk.info/teen-direct-deposit-meaning

What is direct deposit?

Money is sent electronically to your account.

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  1. Cash handed over at a teller window
  2. Money sent electronically to your account ✔
  3. A deposit that must be paid back with interest

Why: With direct deposit, your pay lands straight in your bank account, credit union account or prepaid card. No trip to the bank is needed.

Huh, didn't know that: Some employers let you split your paycheck between checking and savings, which is an easy way to save automatically.

The dad joke
Why are accountants so cool, calm and collected? They have strong internal controls.
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References

Answer: Money sent electronically to your account. With direct deposit, your pay lands straight in your bank account, credit union account or prepaid card. No trip to the bank is needed.

  1. CFPB Youth Financial Education Glossary www.consumerfinance.gov/consumer-tools/educator-tools/youth-financial-education/glossary
    Money electronically sent to your bank account, credit union account, or prepaid card.
    Checked 2026-10-10.

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