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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.
Online Banking. A wire transfer is an electronic payment service for transferring funds from bank to bank via the Federal Reserve System. It is one of the fastest methods of sending and receiving funds. Once a wire transfer is completed, the funds are as good as cash.