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What is the different between demand deposit and fixed account?
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What is money in a checking account called?
Money in a checking account is called demand deposit.
What does dda mean in ATM transfer to dda number?
DDA stands for demand deposit account. It is a bank account in which you can deposit and withdraw money. A form of a demand deposit account is a checking account.
Difference between time deposit and demand deposit?
Demand Deposit It is type of an account from which deposited funds can be withdrawn immediately at any time without any notice to the depository institution. Time Deposit It is type of deposit which is in contrast to demand deposit and funds are not available immediately .These are also known as term deposits .
What is the technical name for checking account is?
Demand Deposit Account
What is DDA in reference to banking?
Demand Deposit Account
Will the money supply increase if people deposit their cash into a demand deposit account?
yes
How does a cheque work?
A check is a demand. It is an order to pay someone form your checking account. A checking account is a demand deposit.
What does debit DDA mean?
DDA stands for Demand Deposit Account. It is your deposit account. A term used widely in payments industry
What is Demand deposit?
A demand deposit is a normal checking or savings account at a bank. Demand deposit accounts can be drawn against by writing a check or withdrawing cash. They can also be drawn against by the use of a debit cards.
What describes a demand deposit?
money in a checking accountMoney in a checking account
What is another name for checking account?
"cuenta corriente" this is in spanish
What is the difference between demand deposit account and controlled disbursement account?
A demand deposit account, or dda, is a checking or savings account where the owner can write checks that can be negociated by the payee. An owner can issue a check to anyone they want for anything they want (within the scope of the law.) A controlled disbursement account is like an escrow account, where the funds cannot be accessed until certain requirements are met and can only be used for certain purposes and usually by certain people.
