Direct Deposit

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1 Types

August 31, 2024 3 min read Definitions

Banking Finance Void Cheque Cancelled Cheque Banking Operations Direct Deposit Automatic Payments

A void cheque, also known as a cancelled cheque, is a cheque that has been marked as void and cannot be used for transactions. It is commonly used to set up direct deposits or automatic payments.

August 25, 2024 3 min read Definitions

Direct Deposit: Automated Transfer of Funds

Finance Banking Direct Deposit Electronic-Transfer Banking Finances Payments

Direct Deposit is an arrangement whereby a dividend or other receipt can be deposited directly to the recipient's checking or savings account, often through electronic means.