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Q: What days does the IRS deposit money for direct deposit tax returns into bank accounts?
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Continue Learning about Accounting

What are the different types of deposit account?

The most common and basic types of deposit accounts are checking and savings accounts. These are both used to deposit money into if your place of work has direct deposit.


What is the purpose of a business deposit account?

Business deposit accounts are also known as business savings account where one can deposit an amount of money as savings for one's business. Most savings accounts will also offer interest rates.


What accounts are affected and how when merchandise is purchased for cash?

no accounts, the only time an account would be affected is when you withdraw or deposit money into/from it, cash is nearly untraceable and does not affect your bank accounts


How long does it take for netspend to post money from a direct deposit?

I get my pay roll deposit on wed. around 11 30 pm from my job while other people get theirs on friday morning


Why does a bank pay a lower interest on savings accounts and checking accounts?

Banks make money by lending loans out of the money we deposit with them. In case of a regular savings account, you can withdraw your money anytime you want. So the bank cannot effectively use this money to make profits themselves. Hence the rate of interest paid on these accounts is very low. But, in case of a Certificate of Deposit the bank knows that you will not withdraw the money until the stipulated deposit period, so they can effectively utilize this money to make a profit and therefore share a percentage of the same by means of a higher interest rate.

Related questions

Are deposit accounts strictly reserved for people who have dirent deposit of the their paychecks.?

Deposit accounts are not strictly reserved for people who receive their paychecks via direct deposit. Deposit accounts are simply accounts in which money is deposited.


What are the different types of deposit account?

The most common and basic types of deposit accounts are checking and savings accounts. These are both used to deposit money into if your place of work has direct deposit.


What services does Abbey Online Banking provide?

Abbey online banking offers the ability to check your balances of your accounts. You are also able to transfer money to and from accounts and set-up direct debit and direct deposit into these accounts.


What are the accounts for deposit?

Accounts for deposit are traditionally, checking, saving, money markets and sometime cd's. It is an account that you can add money to on regular basis.


What types of accounts does First bank of Dalton offer?

Any accounts that deposit money and they still money BTW.


What services are provided by Abbey online?

Abbey online banking is part of the Santander Banking Corporation,a UK based institution. Abbey online offers the ability to check balances on accounts, transfer money, set-up direct debit or direct deposit into accounts.


Why do people deposit money in savings accounts in banks?

Trust and convenience !


Who makes money off of direct deposit transactions?

teller


How is lottery money deposited into a checking account?

direct deposit


Can you deposite a payday loan into someone elses account?

Banks will allow deposits into members' accounts. Get your loan then carry the money to their bank if the payday loan people won't do a direct deposit.


What is capital employed?

The actual money you are using to run your business. This excludes money sitting in deposit accounts.


Is ING Direct Canada as safe as a regular bank?

ING DIRECT has been operating in Canada since 1997. Accounts are eligible for Canada Deposit Insurance Corporation (CDIC) insurance. ING Direct has an automatic transfer tool to help you save money called "Transfer My Money" so you can transfer money into your savings daily, weekly, biweekly, or monthly.