Direct deposit is an electronic payment method banks use to transfer money directly into your account. Most employers use direct deposit for payroll, which helps ensure timely and secure payments.

Aaron Broverman is the Managing Editor of Forbes Advisor Canada. He has almost 20 years of experience writing in the personal finance space for outlets such as Bankrate, Bankrate Canada, ...

The Social Security Administration (SSA) is changing how you apply for new benefits and update your direct deposit information. After some pushback, the timeline for implementing the changes has been ...