What term describes the electronic transfer of a payment directly from the employer's account to the employee's account?

The term that describes the electronic transfer of a payment directly from the employer's account to the employee's account is known as Direct Deposit. This method allows for an efficient, secure, and timely payment process, in which funds are electronically transferred and made available to the employee’s bank account without the need for physical checks.

Direct Deposit eliminates many of the issues associated with traditional paper checks, such as the risk of loss or theft, and it often allows employees to receive their pay more quickly, typically on a set payday without delays. This method is favored by employers for its efficiency and is a common standard in payroll practices across many industries.

In contrast, the other options describe different methods of transferring funds or payment. Wire Transfer generally refers to a broader electronic transfer of funds which may not be specifically tied to payroll, while Payroll Check pertains to a physical check issued for payment and does not involve electronic transfer. Bank Transfer can also be a more general term that doesn’t specifically indicate the direct nature of how payroll payments are handled.