The phrase "automatic deposit" is correct and usable in written English.
It is typically used in the context of banking or payroll to refer to the electronic transfer of funds directly into a bank account without the need for physical checks.
Example: "I prefer to receive my salary through automatic deposit for convenience and security."
Alternatives: "direct deposit" or "electronic deposit".
5) Pay yourself first by saving automatically: Set up an automatic deposit into a saving account, retirement account or even a mutual fund.
Most of the big online stockbrokers offer basic banking services like check-writing, automatic deposit, online bill payment and even A.T.M. cards.
Ms. Cole urged Ms. McNair to set up an automatic deposit of $80 into a savings account every month and then give herself $30 a week for everything else.
Tips to Stay on Track Now that you have a clear budget and savings goal, set up an automatic deposit to your savings account, or label a jar with "Holiday Cash" if that works better for you.
4. Pay Yourself First Before you even look at your automatic deposit, shunt a specific amount 10-255%) into long-term savings.
You can even set up an automatic deposit system that will fund your account, with no need for making an upfront deposit.
More than half reported that they built the accounts by making regular automatic deposits from their checking accounts.
The revamped plan involves charging fees for premium services like 24-hour customer phone service and automatic deposits into offline accounts.
Young people can also benefit from the instant diversification, the discipline of automatic deposits, the simplicity of having short- and long-term capital gains calculated and reported, and the convenience of dividend reinvestment.
Seamless automatic deposits ensure that you drag cash over to your investment account every month and the UI is clean, readable, and eminently simple – a gauge tells you how much you're investing in various buckets of stocks and bonds, and a built-in advisor tells you where to keep your money in order to reach a certain goal.
Consider automatic deposits to your savings and retirement accounts.
