Demand Deposit Account

Traditional savings and checking accounts are generally demand deposit accounts.

Related Terms

  • E-Check (or echeck)

    E-Check payments are ACH payments that originate via the internet, telephone, point-of-sale (POS), or bill payment sent through the mail or unattended lockbox. For mail and lockbox...

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  • Surcharge

    A surcharge is an extra fee that’s added to the regular total amount.

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