What is a deposit? A deposit is the amount of money you give to a financial institution, such as a bank, to hold for you in an account. Individuals and businesses make deposits every day by transferring their funds — usually via cash or check — into banking accounts. Depending on the account type, depositors…
The article Deposit Explained originally appeared on NerdWallet.
https://www.nerdwallet.com/article/banking/deposit
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