Direct Credit

Direct credit is a payment method where money is transferred electronically into a bank account without the need for physical checks. Commonly used for salaries, government benefits, and vendor payments, it ensures fast and secure transactions. The payer authorizes the bank to send the money, which automatically appears in the recipient's account. This method reduces delays associated with mailing checks and minimizes the risk of loss or theft. Direct credit is convenient for both businesses and individuals, promoting efficiency in managing financial transactions.