119 Sentences With "deposit account" | Random Sentence Generator

First, have a deposit account where employers can directly deposit your pay.

Obviously if you are a deposit account holder then your yields went down.

Some financial companies are already using underwriting systems that factor in deposit account information.

In some cases, bank employees would move money from a customer's existing deposit account to open up another one.

If you have a fixed date for your goal, a CD (certificate of deposit) account is a good alternative.

There are many resources for finding the best high-yield savings account or money market deposit account for you.

On the low end of offers, a money market deposit account currently pays just 0.17 percent on balances of $25,000.

The catch is workers can't get access to the loan program if they don't have a direct deposit account there already.

The CFPB is now investigating the mortgage fee and deposit account practices that Wells identified as potentially hurting customers, the bank said.

SO AS A CITI CREDIT CARD OR CITI DEPOSIT ACCOUNT YOU CAN TAKE THAT MONEY AND SPEND YOUR MONEY ANYWAY YOU WANT.

But of those that took the cash, three-fifths had kept their money in that form; a deposit account, savings account or cash ISA.

The bank accepted bullion and a wide variety of foreign coins, crediting a deposit account with specific amounts of coins set by government decree.

Unlike money in a deposit account, cash in a safe deposit box isn't insured by the F.D.I.C., and it may be vulnerable to theft.

I mean, just imagine that you had a deposit account with JP Morgan that they made a mistake and they gave you 0033% on it.

Your Money Adviser MANY children learn to save by stashing cash in a piggy bank or jar, then graduate to a basic savings deposit account.

"I would start talking to a bank the day you want to open a deposit account, but to be creditworthy could take [a while]," DesMarteau said.

"For Google, the deposit account will help with stickiness and additional access to data — customer data is what they make its money on," said du Toit.

Bonnie Cao, a PR worker for an investment company, used to be a typical Chinese saver, putting half her monthly income into a bank deposit account.

The level of deposit account protection is set under EU rules at 100,000 euros or its equivalent in member states that do not use the single currency.

"At the Consumer Bureau, we believe that people who want the benefits and convenience of some kind of deposit account deserve a fair opportunity to have one," Cordray said.

I'm not sure that many would use such an account as a deposit account for large sums, I also don't believe that Google wants to be a holder of funds.

In America and Europe big banks are still more or less in control and are rushing to offer digital products—JPMorgan Chase can open a deposit account in five minutes.

A scheme started in 2012 called the Basic Savings Bank Deposit Account, aimed at providing banking for the poor, was pepped up and relabelled the Prime Minister's People's Money Project.

Jackson Hewitt arranges loans for qualifying clients through partner MetaBank for $200 to $1,300, and also helps them open a temporary deposit account with another partner bank for the refund.

"First of all, find out whether an account was opened that you didn't give permission for," Hamrick said, adding that it could be either a deposit account or a credit card account.

Your best bet for keeping your money accessible, safe and growing is to keep your emergency fund in a high-yield savings account or a bank money market deposit account, McBride said.

The German company, which is backed by the likes of PayPal, Index Ventures, Ribbit Capital and Thrive Capital, wants to bring greater competition and easier savings and deposit account opening to U.S. customers.

The bank has tightened compliance procedures, including sending customers an e-mail to verify an account has been established within one hour of a deposit account being opened, according to Wells Fargo's presentation.

In addition, opening a deposit account offered by a bank outside of your home country typically requires applying directly, including filing the local anti-money laundering and proof of identity paperwork, often in-person.

"One of the biggest challenges that we have is we want to give our members a deposit account, but the only way you can structure that today is with a banking license," Cagney said.

ZA bank's services, the statement said, include lending and a deposit account with an annual interest rate of 1% - traditional players in Hong Kong, such as HSBC offer 0.001% on Hong Kong dollar savings deposits.

"Removing all deposit account fees was an easy decision for us based on our commitment to offer the most rewarding banking products in the industry," Arijit Roy, vice president of deposits at Discover, said in a statement.

Charges are applicable only for State Bank Buddy using ATM (This is applicable only for State Bank Buddy Customer) 2) Limit of 4 ATM withdrawals in a month only applies to the Basic Savings Banks deposit account.

Brex&aposs cash account — in effect a deposit account — was a natural next step for the fintech, as it enables it to build tighter relationships with existing clients that would have otherwise used accounts from other providers.

The same is true if your savings are in a money market deposit account, which is a type of hybrid savings account that offers some checking features and typically has higher interest rates than a checking or savings account.

SHANGHAI (Reuters) - China's Kangde Xin Composite Material Group Co said its bank told its auditor it had no funds in its deposit account, leaving the auditor unable to verify that the firm had deposits worth 12.2 billion yuan ($1.80 billion).

When people do that—when they stop buying stuff when their credit cards, and start socking money away in a mattress, when they sell stocks and put the money in a deposit account in the bank—it absolutely makes things worse.

Nearly $9 million in a deposit account overseen by an entity set up by ITT Educational Services Inc to provide student loans should remain frozen because it may stem from fraud by the bankrupt, for-profit college operator, according to its trustee.

Stick with a traditional bank account (or a money market deposit account, which is different from a money-market fund) that is backed by the Federal Deposit Insurance Corporation, which means your money is insured by the federal government, up to certain limits.

CBA is seen as a stable part of life in the country of 24 million where most people have had a mortgage, insurance policy or regular savings account with CBA at some point - often starting with its famed "Dollarmites" deposit account for school children.

Bank of Beijing's Xidan branch sent a letter to auditor Ruihua Certified Public Accounts last month saying the balance of the company's deposit account is zero, although Kangde Xin's books showed the company and its three subsidiaries had 12.2 billion yuan deposited at the bank.

LONDON, March 1 (Reuters) - The EU banking watchdog has urged member states to offer deposit account protection for customers of branches of British banks in the rest of the European Union in case Britain crashes out of the bloc this month with no deal.

At the event, SoFi said it has opened a waiting list for its no-fees deposit account service called SoFi Money partnered with headhunting firm Korn Ferry to offer career counseling services to its clients, and would launch a chat service for members on its mobile app.

In practical terms, the startup offers a single UI to enable you to apply and open each deposit account and manage funds, a bit similar to how various accounts might show up in a single bank's online service/app, even though they are with different banks and operating in different countries.

This is aimed at encouraging banks to lend more, rather than park their funds SDA - Special Deposit Account **The Philippine central bank on June 3 fixed the width of the interest rate corridor (IRC) at 100 basis points, but reiterated the adjustments do not represent a change in monetary policy.

Defendant Ghosn had been indicted for allegedly underreporting his remuneration in securities reports, and for allegedly violating the Companies Act through aggravated breach of trust by having a Nissan subsidiary transfer a massive amount of money to a deposit account in the name of a company effectively owned by him, for his own profit.

Here are some general guidelines to follow:You need your money in 1 to 3 yearsMoney you need access to in the next few years is best kept in a highly liquid account, such as the following:High-yield savingsA high-yield savings account is a deposit account that earns more interest than a checking or traditional savings account, but comes with the exact same features: accessibility, FDIC insurance, and no market risk.

US Bank Student Checking: Best no-fee checking account for studentsWhy it stands out: Access to 4,700 US Bank ATMs, 28,000 ATMs in the MoneyPass Network, and 3,000 US Bank branch locations; no monthly service fees for students; no overdraft transfer fees when linked to a deposit account; fee reimbursement for up to four non-US Bank ATM transactions per statement cycle; connects to Zelle for digital money transfers; and mobile check deposit available.

In most legal systems, a bank deposit is not a bailment. In other words, the funds deposited are no longer the property of the customer. The funds become the property of the bank, and the customer in turn receives an asset called a deposit account (a checking or savings account). That deposit account is a liability on the balance sheet of the bank.

In the United States, a negotiable order of withdrawal account (NOW account) is a deposit account that pays interest on which an unlimited number of checks may be written. A negotiable order of withdrawal is essentially identical to a check drawn on a demand deposit account, but US banking regulations define the terms "demand deposit account" and "negotiable order of withdrawal account" separately. Until July 2011, Regulation Q stated that a demand deposit could not pay interest. NOW accounts were structured to comply with Regulation Q. NOW accounts are considered checkable deposits, and are counted in the Federal Reserve Board's M1 definition of the money supply, as well as in the broader definitions.

A money market account (MMA) or money market deposit account (MMDA) is a deposit account that pays interest based on current interest rates in the money markets. The interest rates paid are generally higher than those of savings accounts and transaction accounts; however, some banks will require higher minimum balances in money market accounts to avoid monthly fees and to earn interest. Money market accounts should not be confused with money market funds, which are mutual funds that invest in money market securities.

Certificate of Deposit Account Registry Service The Certificate of Deposit Account Registry Service (CDARS), is a US for-profit service that breaks up large deposits (from individuals, companies, nonprofits, public funds, etc.) and places them across a network of more than 3000 banks and savings associations around the United States. This allows depositors to deal with a single bank that participates in CDARS but avoid having funds above the Federal Deposit Insurance Corporation (FDIC) deposit insurance limits in any one bank.

Until 2011, Regulation Q prohibited banks from paying interest on demand deposit accounts. A "demand deposit" account includes many, but not all checking accounts, and does not include Negotiable Order of Withdrawal accounts (NOW accounts).

Bank of Maldives launched Islamic banking services under the name "BML Islamic" on 22 January 2015. BML Islamic offers Wadi'ah Deposit Account services for personal banking customers and will be launching services for business customers.

The USPTO accepts patent applications filed in electronic form. Inventors or their patent agents/attorneys can file applications as Adobe PDF documents. Filing fees can be paid by credit card or by a USPTO "deposit account".

This can be advantageous, as smaller banks may not offer the longer terms of some larger banks. Although laddering is most common with CDs, investors may use this strategy on any time deposit account with similar terms.

A transaction account, also called a checking account, chequing account, current account, demand deposit account, or share draft account at credit unions, is a deposit account held at a bank or other financial institution. It is available to the account owner "on demand" and is available for frequent and immediate access by the account owner or to others as the account owner may direct. Access may be in a variety of ways, such as cash withdrawals, use of debit cards, cheques (checks) and electronic transfer. In economic terms, the funds held in a transaction account are regarded as liquid funds.

The customer's checking account balance has no dollar bills in it, as a demand deposit account is simply a liability owed by the bank to its customer. In this way, commercial banks are allowed to increase the money supply (without printing currency).

Every housemate had a safe deposit account of €30,000. When half was left(meaning one member of the pair had been evicted), the other half had to be donated to other housemates safe. The winner was left with the amount accumulated. Two "jokers" (exemptions) were sold by auction.

Estonia is unique in that its oil shale deposit account for just 17% of total deposits in European Union but it generates 90% of its power from oil shale. Oil shale industry in Estonia employs 7,500 people, which is about 1% of national employment, accounting for 4% of its gross domestic product.

The nCino Bank Operating System, the company's core product, spans Commercial, Small Business, and Retail lines of business. The Bank Operating System encompasses the following capabilities: loan origination, portfolio analytics, compliance and risk management, digital customer engagement, customer relationship management (CRM), client onboarding, deposit account opening, business process automation and enterprise content management.

Hua Chiao Commercial Bank () was a bank in Hong Kong. It was established in Hong Kong in 1962 by several Indonesian Chinese. After 1965, it became a member of Bank of China Group. It was involved in remittance and deposit account businesses, but it switched to export and import trading loan, international settlement after the 1970s.

Alongside Canada's mortgage rules, the risk of bank failures similar to the US are slim, but not impossible. The original amount of insurance per eligible deposit account was $20,000. This was raised to $60,000 in 1983. As of 2005, CDIC covers $100,000 in eligible deposits per insured category at each CDIC member institution in the event of a failure.

Institutions often stop using private supplemental insurance when they find that few customers have a high enough balance level to justify the additional cost. The Certificate of Deposit Account Registry Service program lets investors keep up to $50 million invested in CDs managed through one bank with full FDIC insurance. However rates will likely not be the highest available.

This is a multipurpose deposit account for personal customers. Only a cash card is issued, unlike other more traditional banks which continue to utilize savings passbooks. In place of the passbook, the bank sends transaction reports monthly by post, as well as providing online banking services. Customers can take advantage of an ordinary savings account, fixed term deposit, and foreign currency deposits.

A bank deposit account is at the same time an asset of the depositor and a debt of the bank. A statement typically presents the bank's view of the account, with credit entries increasing the bank's debt and debit entries reducing it. A customer tracking the same account as an asset would reverse the debits and credits from what appears on the statement.

However many lenders allow full drawdown up to the end date of the mortgage, when the loan must be repaid. That can cause great problems for undisciplined borrowers and those approaching retirement if the lender is unwilling to extend the term (especially on the grounds of age). Other lenders have multiple accounts. There are at least a mortgage account and a deposit account.

Investors deposited money into "Target Accounts", which allowed them to choose projects they would like their deposit to support, and to select a fixed interest rate between zero and a maximum aligned with other market rates. Many investors also bought "membership shares", which were not traded on the Stock Exchange. In 1991 a variable-rate deposit account was introduced, offering a rate only slightly below base rate.

A ChexSystems report examines data submitted by banks in the past five years. A report may describe banking irregularities such as check overdrafts, unsettled balances, depositing fraudulent checks, or suspicious account handling. Banks may refuse to open a new deposit account for a consumer that has a negative item reported. In 1999, ChexSystems was classified as a consumer reporting agency governed by the Fair Credit Reporting Act.

On June 4, 2018, TIAA announced the launch of TIAA Bank, bringing together EverBank and TIAA Direct under a new name and brand. EverBank's products include high-interest checking, money market accounts and CDs, in addition to FDIC-Insured deposits denominated in foreign currency. EverBank participates in the Certificate of Deposit Account Registry Service (CDARS). The institution refunds ATM fees paid by checking account holders.

This account receivable is recorded in the credit card company's city ledger account. As mentioned above, advance deposits are an example of an account payable found in the city ledger. When a guest pays a deposit prior to registration, the hotel incurs an account payable to the guest for services to be rendered in the future. Advance deposits from all guests are collected in a common advance deposit account.

Use of a deposit sweep service is an alternative to sweeping funds to money market mutual funds, which are not FDIC insured. This service also provides relatively stable floating-rate funding to banks and savings associations. The IND service is provided by Promontory Interfinancial Network, LLC. In addition to IND, the company offers the Certificate of Deposit Account Registry Service or CDARS service and the Insured Cash Sweep or ICS service.

A secured credit card is a type of credit card secured by a deposit account owned by the cardholder. Typically, the cardholder must deposit between 100% and 200% of the total amount of credit desired. Thus if the cardholder puts down $1,000, they will be given credit in the range of $500–1,000. In some cases, credit card issuers will offer incentives even on their secured card portfolios.

The general role of commercial banks is to provide financial services to the general public and business, ensuring economic and social stability and sustainable growth of the economy. In this respect, credit creation is the most significant function of commercial banks. While sanctioning a loan to a customer, they do not provide cash to the borrower. Instead, they open a deposit account from which the borrower can withdraw.

Banks in the United States offer savings and money market deposit accounts, but these should not be confused with money mutual funds. These bank accounts offer higher yields than traditional passbook savings accounts, but often with higher minimum balance requirements and limited transactions. A money market account may refer to a money market mutual fund, a bank money market deposit account (MMDA) or a brokerage sweep free credit balance.

A lawsuit was filed by the band, while he counter-sued for "unpaid commission on royalties". Virgin were then "legally required to freeze royalty and advance payments and divert publishing income into a frozen deposit account." For the next decade, the entirety of the band's earnings would be invested in the continued litigation. The group supported themselves mostly through short-term loans from Virgin and royalty payments derived from airplay.

To the present, the town offers affordable housing. The brothers cared for their employees; they both believed in the social rights of the workers and hence they installed canteens and sport grounds. Nineteen years after brother Richard died, George opened a works committee for each gender which discussed proposals for improving the firm. He also pressed ahead with other ideas, like an annuity, a deposit account and education facilities for every employee.

TEG Federal Credit Union (formerly Taconic Educators and Government Federal Credit Union) is a federally chartered credit union in the New York counties of Dutchess, Orange, and Ulster. As of 2020, the institution has $305 million in assets, 118 employees, and 36,000 members. The credit union provides a wide range financial services including Consumer and Business Loans, Mortgages, Free Checking, and many other Consumer and Business deposit account options, plus MasterCard credit and debit cards.

The Spark Alliance (also known as Spark Alliance HK) is an organization or individual which finances bail payments for persons arrested in connection with the 2019–20 Hong Kong protests. According to donors to, and attorneys for, the group its leadership is unknown. In November 2019, HSBC announced that it had given – in October of that year – a deposit account, "Prime Management Service Ltd.", 30 days to clear its funds out of the bank.

Most Canadians who use online banking can send funds. These include personal deposit account holders with the big five banks, Desjardins, Tangerine, National Bank, President's Choice Financial, and many credit unions and other institutions,Interac e-Transfer participants as well as some small- business account holders. In 2015, 105 million money transfers were sent using the platform totaling over 44 billion in value. Any personal account holder in Canada can receive funds.

After the death of King Features Syndicate editor Jay Kennedy, his personal underground comix collection was acquired by the Billy Ireland Cartoon Library & Museum in Ohio. The University of California, Berkeley's Bancroft Library has a large underground comix collection, especially related to Bay Area publications; much of it was built by a deposit account at Gary Arlington's San Francisco Comic Book Store. The collection also includes titles from New York, Los Angeles, and elsewhere.

Customers are given priority in purchasing commemorative or special-issue stamps, first-day covers and information sheets soon after their issue by opening a deposit account at any philatelic bureau. The number of philately deposit-accountholders grew from 23,905 in 1999–2000 to 168,282 in 2006–2007 and 183,202 in 2008–2009. Four philatelic Bureaus—the Bombay, Madras, Calcutta and Parliament Street, New Delhi GPOs are authorized to sell United Nations stamps.

In January 2014, OneUnited introduced the UNITY Visa secured credit card called the "Comeback Card", for customers with low credit scores. The card includes training for customers to improve their credit score. OneUnited Bank received recognition as a Notable IT Initiative from Community Banks by American Banker for the UNITY Visa Card's "Me" app, which allows consumers to apply for the card and, if they are approved, it allows them to open a deposit account to fund it.

This leaves Ossi in need of €8000 for his match to continue. Isi requests access to her deposit account to fund her culinary ambitions, but her mother, Claudia, informs her that she will not get the money until she turns 25 and has graduated from university. Isi then applies for a job at a burger joint in Mannheim, meeting Ossi there. She asks Ossi out in order to blackmail her parents into allowing her access to her inheritance.

For example, a customer opening a certificate of deposit account must be provided with information about ladder rates (smaller interest rates with smaller deposits) and penalty fees for early withdrawal of a portion or all of the funds. The Act is only applicable to deposit accounts that are held by a "natural person" for personal, household, or family use. Accounts owned by businesses or organizations such as churches and neighborhood associations are not subject to these rules.

A deposit account is a bank account maintained by a financial institution in which a customer can deposit and withdraw money. Deposit accounts can be savings accounts, current accounts or any of several other types of accounts explained below. Transactions on deposit accounts are recorded in a bank's books, and the resulting balance is recorded as a liability of the bank and represents an amount owed by the bank to the customer. Some banks charge fees for transactions on a customer's account.

This 2008 regulatory proposal under Regulation AA was not finalized and was ultimately withdrawn. It was replaced by final regulations that the Federal Reserve Board issued to regulate practices under Regulation Z (Truth in Lending Act) for credit card practices and Regulation E (Electronic Fund Transfer Act) for deposit account overdrafts stemming from debit card and ATM card transactions. The Congress also addressed these practices in the Credit CARD Act of 2009, which was also implemented by the Federal Reserve under Regulation Z.

On the other hand, a bank can lend some or all of the money it has on deposit to a third party/s. Such accounts, generally called loan or credit accounts, are subject to similar but reverse principles of a deposit account. In accounting terms, a loan account is an asset of the bank and a liability of the borrower. Loan accounts may be unsecured or secured by the borrower, and they may be guaranteed by a third person, with or without security.

Within personal finance, the act of saving corresponds to nominal preservation of money for future use. A deposit account paying interest is typically used to hold money for future needs, i.e. an emergency fund, to make a capital purchase (car, house, vacation, etc.) or to give to someone else (children, tax bill etc.). Within personal finance, money used to purchase stocks, put in an investment fund or used to buy any asset where there is an element of capital risk is deemed an investment.

As of March 31, 2020, TD Ameritrade had more than 12 million client accounts and client assets of approximately $1.2 trillion. In fiscal 2020 second quarter, the company executed an average of 2.1 million daily average revenue trades per day. In fiscal 2019, the company derived 33.3% of its revenues from commissions and fees including payment for order flow, 28.5% of its revenues from the company's bank deposit account program, 25.5% of revenues from interest, 9.7% from investment product fees, and 3% from other sources.

Warrants look like cheques and clear through the banking system like cheques, but are not drawn against cleared funds in a deposit account. A cheque differs from a warrant in that the warrant is not necessarily payable on demand and may not be negotiable. They are often issued by government entities such as the military to pay wages or suppliers. In this case they are an instruction to the entity's treasurer department to pay the warrant holder on demand or after a specified maturity date.

The Bank invests most of its deposits in reserves at the Fed or other high quality, liquid assets. "Knowing that campaigns might need to take money out at any time, we more less have to keep the deposits in cash," according to Fitzgerald. The bank opened a mortgage division in 2012 that does customized lending and focuses on jumbo loans. Chain Bridge Bank specializes in treasury management, speedy deposit account opening, credit card issuance, and client support for trade associations, political campaigns and other large enterprises.

No Peace with Greenbacks, New York Times, May 9, 1879. This opened up an option for chartering banks nationally. As an additional incentive for banks to submit to Federal supervision, in 1865 Congress began taxing any of state bank notes (also called "bills of credit" or "scrip") a standard rate of 10%, which encouraged many state banks to become national ones. This tax also gave rise to another response by state banks—the widespread adoption of the demand deposit account, also known as a checking account.

In hotel accounting, the city ledger is the collection of accounts belonging to non-registered guests. This is distinct from the transient ledger (or front-office ledger, or guest ledger), which is the collection of accounts receivable for guests who are currently registered. The vast majority of accounts in the city ledger are accounts receivable (one notable exception is the advance deposit account discussed below, which is an account payable). Included in the city ledger are accounts belonging to various companies that utilize the hotel for meeting space and for lodging travelling executives.

Monzo Bank Ltd (), is an online bank based in the United Kingdom. Monzo was one of the earliest of a number of new app-based challenger banks in the UK. Originally operating through a mobile app and a prepaid debit card, in April 2017 its UK banking licence restrictions were lifted, enabling it to offer a deposit account. As of March 2020, Monzo had over 4 million customers. Their most recent financial results issued in July 2020 showed an annual net loss of £113.8M, an increase from the £47.1M lost the year before.

LABCOs activities as a licensed deposit-taking institution under the Banking Act 1979, were centred on the raising and lending of sterling funds in the wholesale market, bidding for sterling deposits at market rates independently of the normal branch deposit account system and providing medium-term loans to customers falling outside the bank's usual lending arrangements.Wadsworth, J.E. (ed.) The Banks and the Monetary System in the UK 19591971 (p. 426) London: Routledge, 1973 Operating principally in the London inter-bank sterling market, it matched deposits and loans closely, thus minimising its exposure to risk.Report and Accounts (p.

The cancelled American tour incurred XTC with a £20,000 debt, and since it left them unable to record new material, they decided to reexamine their financial affairs. Confused as to where their earnings had gone, the group requested that manager Ian Reid help pay for the debts, but he refused, saying that they had owed him money. They tried distancing themselves from Reid by renegotiating their contract with Virgin. Six more albums were promised to the label in exchange for covering their debts, as well as a guarantee that subsequent royalty and advancement cheques be redirected into the band's own deposit account.

Green Dot and Walmart rolled out the first national Prize-Linked Savings account in 2016. Prize-linked savings is the concept of using the chance to win a prize to incentivize personal savings. A prize-linked savings account or PLSA (also called a lottery-linked deposit account) is a savings account where some of the interest payment on bank deposits or marketing dollars are distributed as prizes based on chance. They are attractive to consumers as they function both as a sweepstakes or game of chance (as there is a chance of a large prize) and as savings (the deposit is never lost, unlike normal lotteries) vehicle.

Sample Registered Warrant In government finance, a warrant is a written order to pay that instructs a federal, state, or county government treasurer to pay the warrant holder on demand or after a specific date. Such warrants look like checks and clear through the banking system like checks, but are not drawn against cleared funds in a checking account (demand deposit account). Instead, they may be drawn against "available funds" or "out of fund 0027" so that the issuer can collect interest on the float or delay redemption. If the warrant is conditional on funds being available, the warrant is not a negotiable debt instrument.

A check, used as a means of converting funds in a demand deposit to cash Commercial bank money or demand deposits are claims against financial institutions that can be used for the purchase of goods and services. A demand deposit account is an account from which funds can be withdrawn at any time by check or cash withdrawal without giving the bank or financial institution any prior notice. Banks have the legal obligation to return funds held in demand deposits immediately upon demand (or 'at call'). Demand deposit withdrawals can be performed in person, via checks or bank drafts, using automatic teller machines (ATMs), or through online banking.

In Georgia, each county has a chief magistrate, elected by the voters of the county, who has the authority to hold preliminary hearings in criminal cases, conduct bench trials for certain misdemeanor offenses, including deposit account fraud (bad checks), grant bail (except as to very serious felony charges), and preside over a small claims court for cases where the amount in controversy does not exceed $15,000.Augusta Civil & Magistrate Court. In some counties the chief magistrate may be authorized to appoint one or more additional magistrates to assist in carrying out the chief magistrate's duties. In some Georgia counties the Probate Court Judge also presides over magistrate court as Chief Magistrate.

Aspiration offers an interest-bearing deposit account known as Spend & Save. They also offer an optional paid subscription service, Aspiration Plus, that offers features such as: a recycled plastic debit card, increased interest on the Save Account, carbon offsets for gas purchases, and reimbursement of 1 out-of- network ATM fee per month. In April 2017, the company launched a feature on its mobile app called Aspiration Impact Measurement (AIM), which examines 75,000 data points and shows scores for companies where Aspiration customers shop, based on how those companies treat people and the planet. Each Aspiration customer is also given a personal AIM score based on their purchasing behavior.

This model of allowing people in business to access interest-only funds (and an opportunity for people to lend within their local area) is said to have helped mobilise money in the countryside and re-energised many small businesses that would have otherwise lacked the necessary investment to develop. According to one lender, it’s a “virtually guaranteed, very low risk lending proposition with a superb rate of return which can’t be beaten by any deposit account”. For borrowers, the interest rates will be the same or slightly higher than from a bank, but, according to one borrower, the speed, flexibility and interest-only repayment make up for it.

The "unavailable funds" fee, not to be confused with the "non-sufficient funds" (NSF), "overdraft", "exceed hold" or "overlimit" fees, is a fee that results from a transaction that posts to a negative available balance and a positive physical balance, as applied to a Demand Deposit Account; usually a checking account. The fee is typically applied at the end of the business day, as most banks process transactions at the end of each business day. An account has two distinct balances: a posted balance (or physical balance) and an account balance. The difference comes from transactions that have been applied to the account but have holds against them.

For 2016, the Steam announced that they would be playing at the Savannah Civic Center. The team would run into severe financial troubles during this season with over $20,000 owed in rent for the use of the Civic Center and several unpaid sponsors. Eventually, the unpaid sponsors took their claims to the local sheriff's department in order to initiate an investigation and obtain the fees they were owed. In June 2016, general manager Jenny Dammarrel, wife of owner/head coach Bobby Dammarrel, first filed for Chapter 13 bankruptcy and then was later jailed after being charged with deposit account fraud for bad checks issued to players and staff.

The cost of capital, applied to a purchase of a car, is the amount of money the car owner could have obtained, if they, instead of buying the car, applied that amount of money to other worthy investment. The cost of capital is the rate of return that capital could be expected to earn in an alternative investment of equivalent risk. Considering by default the car has depreciation, and that such depreciation is already considered at a certain cost item, the cost of capital of owning a car, is then the income that the car owner could have obtained with the money spent on such car. One example could be a common standard interest rate in a deposit account.

The same month that Loyalty Management UK was sold, Mills bought £73m of the "enhanced fund" version of AIG Life "premier bonds" on the advice of Coutts, the private bank owned by Royal Bank of Scotland. Coutts recommended to Mills that he place his money in AIG Life Premier Bonds as a way of protecting his capital. They also said it would be a safe alternative to bank deposits and would earn a slightly better interest rate. Coutts said Mills' money would be safe, as AIG was the largest insurance company in the world, AA rated, and that the bonds would provide instant access to his money, just like a deposit account.

The next morning, Isi's parents appear at Ossi's flat and grants her access to her deposit account. They demand that she end her relationship with Ossi, which she verbally agrees to in order to placate her parents, but Ossi overhears this and assumes that Isi will abandon him. While they have breakfast, Isi transfers the €25,000 into Ossi's account as agreed, but he treats her coldly. An argument escalates as Isi tells him that he does not have to incur his mother's debts due to her financial irresponsibility; Ossi argues that he will not abandon his family and suggests that rich people do not understand what it means to support one another.

In most legal systems, a deposit of funds in a bank is not a bailment - that is, the actual funds deposited by a person in a bank cease to be the property of the depositor and become the property of the bank. The depositor acquires a claim against the bank for the sum deposited but not to the actual cash handed over to the bank. In accounting terms, the bank creates (“opens”) an account in the name of the depositor or a name directed by the depositor in which the amount received by it is recorded as a transaction. The deposit account is a liability of the bank and an asset of the depositor (the account holder).

A bank may have substantial sums in off- balance sheet accounts, and the distinction between these accounts may not seem obvious. For example, when a bank has a customer who deposits $1 million in a regular bank deposit account, the bank has a $1 million liability. If the customer chooses to transfer the deposit to a money market mutual fund account sponsored by the same bank, the $1 million would not be a liability of the bank, but an amount held in trust for the client (formally as shares or units in a form of collective fund). If the funds are used to purchase stock, the stock is similarly not owned by the bank, and do not appear as an asset or liability of the bank.

Unlike savings accounts, for which the primary reason for depositing money is to generate interest, the main function of a transactional account is transactional. Therefore, most providers either pay no interest or pay a low level of interest on credit balances. Formerly, in the United States, Regulation Q (12 CFR 217) and the Banking Acts of 1933 and 1935 (12 USC 371a) prohibited a member of the Federal Reserve system from paying interest on demand deposit accounts. Historically, this restriction was frequently circumvented by either creating an account type such as a Negotiable Order of Withdrawal account (NOW account), which is legally not a demand deposit account or by offering interest-paying chequing through a bank that is not a member of the Federal Reserve system.

The first philatelic Society in India was founded in Calcutta on 6 March 1897 to service postage-stamp collections. Function include design, printing and distribution of special or commemorative postage stamps, definitive postage stamps and items of postal stationery, promotion of philately, conduct of philatelic examinations at the national level, participation in international exhibitions and monitoring exhibitions at the state, regional and district levels and maintenance of the National Philatelic Museum. Philatelic bureaus were established in head post offices located at circle headquarters and at district-capital head post offices (as necessary). There are 68 philately bureaus and 1111 philatelic counters, including all head post offices (Mukhya Dak Ghars) in the country as of 31 March 2011. A domestic philatelic deposit-account system was introduced on 1 August 1965 at all philatelic bureaus.

Beneficial State Bank's services and products available to individuals include: home loans; home equity lines of credit; home improvement loans; personal lines of credit; money market accounts; and savings and checking accounts. Business services and products include: checking accounts; money market accounts; online cash management; and commercial lending including lines of credit, term loans, commercial real estate loans and loans guaranteed by the Small Business Association. Beneficial State Bank also provides banking products and services for non- profit organizations, including: checking and savings accounts; assistance bridging capital campaigns; financing facilities and real estate; money market accounts; managing deposits and payments; and CDARS, the Certificate of Deposit Account Registry Service, which allows qualified organizations to invest up to $50 million and be eligible for FDIC insurance on every dollar.

The case is treated as important because of the fundamental principles which Atkin LJ set down in relation to the nature of the account. He said:[1921] 3 KB 110 at 127 The decision was handed down at a time when banks were transforming from a service available only to the very wealthy to a more mainstream part of daily commerce. Ellinger's Modern Banking Law suggests that, taken together with Foley v Hill, the case established six fundamental propositions: # For a current or savings account (as opposed to a fixed term deposit account), sums are only repayable upon demand. # The demand for repayment must be made at the branch of the bank where the account is kept unless there is a contrary agreement between the bank and the customer.

The fractional reserve theory where the money supply is limited by the money multiplier has come under increased criticism since the financial crisis of 2007–2008. It has been observed that the bank reserves are not a limiting factor because the central banks supply more reserves than necessaryStandard & Poor's (13 August 2013) "Repeat after me: Banks cannot and do not lend out reserves", Ratings Direct and because banks have been able to build up additional reserves when they were needed. Many economists and bankers now believe that the amount of money in circulation is limited only by the demand for loans, not by reserve requirements. When a bank issues a loan of $1000 to a customer, they debit the customer's loan account with $1000 and at the same time they credit the customer's deposit account with $1000, ready for using.

In Royal Brunei Airlines v Tan, Royal Brunei Airlines appointed Borneo Leisure Travel (‘BLT’) to act in Sabah and Sarawak as its general travel agent. The arrangement constituted BLT a trustee for the airline of the money it received from the sale of passenger and cargo transportation. The money received by BLT on behalf of the airline was paid into BLT’s ordinary current account. Any balance in its current account in excess of a stated amount was transferred at times to a fixed deposit account of Mr. Tan, who was BLT's managing director and principal shareholder. BLT was required to pay the airline within 30 days, but at times from 1988 onwards, it was in arrears. In August 1992, the airline terminated the agreement and subsequently claimed against Mr. Tan in respect of the unpaid money.

Amerindo had advertised that its "Guaranteed Fixed Rate Deposit Account" (GFRDA) would be invested in "high quality, short-term deposits" that would produce a "fixed-rate of interest for a fixed-term." Instead, these funds were invested in risky dot com ventures, and the fund lost large sums after the 2000 dot-com bust, which meant that Amerindo couldn't repay the investors, costing investors millions of dollars. Separately, Amerindo investor Lily Cates, mother of actress Phoebe Cates, invested $5 million in the "Amerindo Small Business Investment Company" venture, but most of her investment was rerouted to pay for Amerindo's business expenses, donated to various charities to which Vilar had made pledges that he couldn't afford, and to pay a settlement from a former client who was suing Amerindo about the GFRDA account. In September 2003, Vilar ordered an employee to copy Cates' signature onto a document that purported to authorize a $250,000 transfer, with most of that money going into Vilar's personal account.

Accessed 5 July 2015 CWS Commuter bicycle used as a basis for the Scamp Unfortunately, it was claimed by a Mr Coco that the Clark power unit was very similar to his own design which he had been trying to sell to Clarks for several months in 1967, before being informed that his design driving the rear wheel by friction caused unacceptable wear to the rear tyre and would not therefore be used. By the time the machine appeared on the market, it had a different drive mechanism but it was apparent that the power unit was closely related to the Coco design, so the designer sued for breach of confidence in that the drawings and prototype engine had been supplied to Clark for evaluation. The resulting case, Coco v AN Clark (Engineers) Limited,[1969] FSR 415, [1069] R.P.C. 49 (Ch) remains a fundamental statement of the principles of law in this area. An application for an interlocutory injunction to prevent any manufacture pending a trial outcome was refused at a hearing (the defendant undertaking instead to pay a royalty of five shillings per engine to be held in a deposit account and later apportioned after a trial ruling).

As a result of Section 11 of the Banking Act of 1933, Regulation Q was promulgated by the Federal Reserve Board on August 29, 1933. In addition to prohibiting the payment of interest on demand deposits (a prohibition that the act also wrote into the Federal Reserve Act (12 U.S.C.371a) as Section 19(i)), it was also used to impose interest rate ceilings on various other types of bank deposits, including savings and time deposits.Federal Register 76, no. 72, Thursday, April 14, 2011, section on Federal Reserve System The motivation for the deposit interest restrictions was the perception that the bank failures of the early 1930s, during the first part of the Great Depression, had been caused in part by excessive bank competition for deposit funds, driving down the margin between lending rates and borrowing rates and encouraging overly speculative investment behavior on the part of large banks. As interest rates in general rose during the 1950s, banks felt increasing incentive to work around the interest ceilings by competing on the basis of convenience features such as multiple branch banks and on the basis of pecuniary features such as loan interest rate discounts that were tied directly to deposit account balances.