Direct Deposit is the process of electronically transferring funds into a recipient's bank account without physically depositing a check to the bank. Direct deposit works on an electronic network that allows the transfer of funds between banks; this electronic network is known as Automated Clearing House (ACH). Since the transactions take place electronically, recipients’ accounts get credited automatically. Payroll and tax refunds are usually conducted through direct deposit. Keeping in mind the huge demand of fast and safe direct deposit service, many payment apps have started to offer this feature.
Cash App direct deposit is the best example of fast and safe direct deposit available in the US.