0
The abbreviation "CDM" on a bank statement typically stands for "Cash Deposit Machine". A Cash Deposit Machine is a self-service kiosk that allows bank customers to deposit cash into their account without having to visit a bank teller. The machine counts the cash and credits the deposited amount to the customer's account. If you see "CDM" on your bank statement, it means that you deposited cash using a Cash Deposit Machine.The abbreviation "CDM" on a bank statement typically stands for "Cash Deposit Machine". A Cash Deposit Machine is a self-service kiosk that allows bank customers to deposit cash into their account without having to visit a bank teller. The machine counts the cash and credits the deposited amount to the customer's account. If you see "CDM" on your bank statement, it means that you deposited cash using a Cash Deposit Machine.
Yogesh Purohit
Wiki User
∙ 10y agoA CD is a Certificate of Deposit, which is a financial product that pays a higher rate than a traditional savings account in exchange for an agreement that the deposit will remain in the bank for a fixed period of time. Periodic statements are not typically issued for a CD. Some banks such as Bank of America offer a hybrid or flexible savings plan that combines elements of a savings account and a CD. With these accounts, it is possible that a monthly or quarterly statement would be issued.
Wiki User
∙ 10y agowhat does CDM stand for on a bank statement
Wiki User
∙ 15y agoCertificate of Deposit
Add your answer:
Earn +20 pts
What does CD stand for in CD 4016?
CD stand for Compact Disk and CD 4016 stand for compact disk my
What does the Cd in BMW 330Cd stand for?
What does the cd stand for on bmw
Barclays banking abbreviations what does DWL stand for?
what does ATM stand for
What is CD interest in banking?
CD interest in banking is rate-based income that one makes from keeping money in a CD (certificate of deposit. CD's typically have higher interest rates than regular savings accounts to substitute for the money being less liquid.
What banking solutions are there for small businesses?
There are several different banking solutions that vary with the business industry. Some include but are not limited to online banking, banking CD's, and payroll manager.
What does TT stand for in banking?
Telegraphic Transfer
What does the letters in CD rom stand for for kids?
cd-rom stand for Compact Disk - Read Only memory
What does IRA stand for in banking?
Individual Retirement Account.
What does cebs stand for?
Committee of European Banking Supervisors
What does DD stand for in banking?
it stands for Demand Draft
What is CD ratio in banking?
CD ratio is the credit to deposit ratio in banking parlance. This refers to the percentage of total advances divided by the total deposits of a bank/branch. This signifies what proportion of total deposit is lent to borrowers.
CD stand for?
Compact Disk.
