Deposit Account
Transactional account, Savings account, Bank, Liability (financial accounting), Interest, Savings account
978-613-6-68856-5
6136688565
88
2011-06-16
34.00 €
eng
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Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. A deposit account is a current account, savings account, or other type of bank account, at a banking institution that allows money to be deposited and withdrawn by the account holder. These transactions are recorded on the bank's books, and the resulting balance is recorded as a liability for the bank, and represent the amount owed by the bank to the customer. Some banks charge a fee for this service, while others may pay the customer interest on the funds deposited. Checking accounts: A deposit account held at a bank or other financial institution, for the purpose of securely and quickly providing frequent access to funds on demand, through a variety of different channels. Because money is available on demand these accounts are also referred to as demand accounts or demand deposit accounts.
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