Is bank account an a bank deposit account the same?

Answer 1

No. A bank account can be a checking or savings. It is the account in your name where you deposit and withdrawl funds from. A bank deposit is when you put money into the account either by you walking into the bank and handing them cash or a check and the bank teller processes it to be put into your account. They are two different things but they are related.

Answer 2

A checking account is a specific type of bank account, but there are other types. A checking account is a transaction account where you can write checks against the funds in the account. Other types of bank accounts are savings accounts, money market accounts and certificates of deposit.

Answer 3

A savings account is a type of deposit account - an account at a financial institution such as a bank or credit union, where the account holder may make deposits and/or withdrawals.