Tax Definitions

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Define Direct Deposit

What is Direct Deposit ?


Direct Deposit allows tax refunds to be deposited directly to a taxpayer's bank account. Direct Deposit is a fast, simple, safe, secure way to get tax refund. The taxpayer must have an established checking or savings account to qualify for Direct Deposit. A bank or financial institution will supply the required account and routing transit numbers to the taxpayer for Direct Deposit.

Defining Direct Deposit Tax Refund

Definition: Tax Terms

Tax Dictionary - Forms and advice to e-file your taxes online today.
What are taxes? They are a charge imposed by the government on people, entities, or on property in order to raise revenue.

Where is my tax refund? Good question! When you e-file your taxes you need to understand what Direct Deposit means, before you may receive a fast tax refund online.

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