Direct deposit
From Wikipedia, the free encyclopedia
Direct deposit also known as Direct credit is a banking term used to refer to certain payment systems used to transfer money where a payment is initiated by the payer not the payee, namely:
- In Europe, the giro system
- In Nigeria, by the Nigeria Interbank Settlement System, NIBSS
- In the United States, the Automated Clearing House
- In Australia, Direct Debit and Direct Deposit are performed through the Direct Entry network.
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