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Demand Deposit |
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Demand Deposit A bank account from which funds may be withdrawn on demand of the customer. This especially applies to checking accounts and savings accounts, because funds in these accounts are available to the customer at any time (unless they are under a check hold). Under the Expedited Funds Availability Act of 1987, banks in the United States must grant availability to demand deposits within a certain number of days. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| In about nine months, a team of Information Systems professionals and two software companies created, a point-and-click EIS and a comprehensive data warehouse that organized and refined the data from a variety of sources, including the company's general ledger system, profit center accounting system, cost allocation system, funds transfer system, demand deposit data base, and an asset management application. We also continue to experience increased non-interest bearing demand deposit growth which has and will continue to have positive impact on our bottom line. Transaction accounts, defined as non-interest bearing demand deposit accounts, interest bearing demand deposit accounts and money market accounts, increased $13. |
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