The examples and perspective in this article may not represent a worldwide view of the subject. (April 2016) |
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. In other words, the banker-customer (depositor) relationship is one of debtor-creditor. Some banks charge fees for transactions on a customer's account. Additionally, some banks pay customers interest on their account balances.
Types of accounts
- Capital market
- Ethical banking
References
- "Call Deposit". Financial Advisory. Retrieved 2012-05-14.
- Short Term Deposit, International Deposit, Interest Rates Exchange. Accessed 2012-05-14.
The examples and perspective in this article may not represent a worldwide view of the subject You may improve this article discuss the issue on the talk page or create a new article as appropriate April 2016 Learn how and when to remove this message 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 In other words the banker customer depositor relationship is one of debtor creditor Some banks charge fees for transactions on a customer s account Additionally some banks pay customers interest on their account balances Types of accountsCapital market Ethical bankingReferences Call Deposit Financial Advisory Retrieved 2012 05 14 Short Term Deposit International Deposit Interest Rates Exchange Accessed 2012 05 14 Portals BanksMoneyBusiness and economics
