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Direct deposit means that your employer is depositing your paycheck into your bank account every payday and the money is ready for use as soon as it arrives. Wire Transfer means that you are sending money from your bank account to somebody else and that money will be deposited directly into the person's bank account.
A wire transfer is one of the easiest ways to get money from one account to another. The process for a wire transfer is usually quick and simple, and the overall wait time is usually much less than cashing a check or doing another type of transfer. Depending on your bank, you can have a wire transfer within hours, or at the very least, the next day. Mark Wellberg, a banking expert with Wells Fargo Bank, says that the wire transfer process is usually the same from bank to bank.