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When you deposit money to 1 account is it a debit or a credit?

it is a credit. Depositing money into an account is putting money in.


What is Money put into an bank account called?

to deposit moneyA Deposit is the act of putting money into an account.


As a beneficiary on a savings account can you deposit money in that account?

Generally yes but remember that you are putting the money into THEIR account and they can spend the money that you deposited for any reason and you have no recourse because it is THEIR money.


What is the difference between withdrawing and depositing money?

Withdrawing money means taking money out of an account, while depositing money means putting money into an account.


Who puts money into an estate account?

Whoever is the trustee(s) of the trust for the estate is responsible for the account, including putting money in it.


Another word for putting money into an account?

Another word for putting money into an account is "deposit." This term refers to the act of adding funds to a bank account or financial account, increasing the balance. Deposits can be made in various forms, including cash, checks, or electronic transfers.


What you call the account that money owed to office?

dept


What is the opposite of the word deposit?

The opposite of "deposit" is "withdraw." Deposit involves putting money into an account or storage, whereas withdraw involves taking money out of an account or storage.


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What is the meaning of online money market account?

An online money market account is basically putting your bank account online that is invested specifically for market. It would typically have higher interest rates for your savings that a typical bank account would.


Why do some consumers save by putting their money in a bank instead of buying stock?

They save by putting their money in a bank account because in stocks its more like gambling and hoping for the best. In a bank account you have a guarantee that you have your money and how much you put in. Also in a stock you can quickly be a millionaire or become broke depending on the stocks.


When would it be a good idea to invest your money instead of putting it in a savings account?

It would be a good idea to invest your money instead of putting it in a savings account when you are looking for potentially higher returns over a longer period of time and are willing to take on some level of risk.