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This video tutorial explains three ways to set up a direct deposit: through a bank transfer, brokerage transfer, or business checking account transfer. The importance of setting up a direct deposit is highlighted, with a resource provided to find banks that offer this service. The tutorial aims to clear up confusion and answer questions regarding setting up a direct deposit, particularly in relation to the Capital One 360 checking bonus. The creator of the video emphasizes the importance of community support and asks viewers to like the video and watch till the end to support the channel.