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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.
Wire transfer is method of fund transfer by means of electronic from one individual or organization to another, either from one bank account to another or transfer of cash at a cash office. â Western union money transferâ is a good example for transfer of cash electronically who operates worldwide.