I believe this is useful stuff .. I got from About.com.. Direct Deposit Overview Direct Deposit is a great way to move money electronically. You don't have to mail or sign any checks over to the bank, and your money tends to move more quickly when you use direct deposit. Where to Set Up Direct Deposit To set up direct deposit, just give instructions to whoever is paying you. If your employer offers direct deposit, ask the Human Resources contact what steps are necessary. The U.S. Government offers direct deposit for tax refunds and Social Security payments. Many investment and insurance payments can come to you via direct deposit. Read more