Direct Deposit Fees are charges you may incur when funds are deposited directly into your account from a third-party institution. It is important to note that these fees vary from bank to bank, so it is important to check with yours on the exact fee structure for direct deposits. The main purpose of this fee is to offset the cost incurred in processing payments made through directed deposit. These fees can range anywhere from $2-$10, depending on the amount you’re sending or receiving and the financial institution. Knowing the exact direct deposit fee before initiating any transfer will ensure you are aware of all associated costs.