It is called money or cash. Irrespective of where you keep your money it is called money or cash only. You may keep it in your bank account or keep it in a safety vault or carry it around in your purse. Either ways it will always be called cash or money only.
Money in a checking account is called demand deposit.
Money that is paid for the use of money is called interest. When you keep your money in a bank savings account, the bank credits your account with interest.
to deposit moneyA Deposit is the act of putting money into an account.
account balance
It is called Deposit
Most banking institutions will require that you are not in chexsystems in order to open a checking account. Chexsystems is what most banks use to see what kind of history you have with other banks (like if you owe money).
mary p hensley
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When when you put money in your account it is called "making a deposit."
One advantage that I can think of is the fact that Savings Accounts usually offer an interest on the money held in the account whereas Checking accounts offer very little or on most cases zero interest on the money held in the account. On the flip side, there are limitations on the number of transactions you can make on your account in case of Savings accounts whereas there are no such limitations for a checking account.
money in a bank account, when u put money into an account it is called a deposit.
To get the free ING Direct checking account just apply online at their website. They can be found at ingdirect.com.
Money in a checking account is called demand deposit.
it is called a savings account.
Money that is paid for the use of money is called interest. When you keep your money in a bank savings account, the bank credits your account with interest.
Money that is paid for the use of money is called interest. When you keep your money in a bank savings account, the bank credits your account with interest.
it is called credit(when its coming in your account ) and debit(when its going out of your account ).