demand deposit


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Related to demand deposit: time deposit, Saving Deposit

Demand Deposit

Funds in a bank account that may be withdrawn on demand of the customer. Most demand deposits are in 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.

demand deposit

A checking account balance held at a financial institution. Because demand deposits constitute one of the most important segments of the nation's money supply, the financial community closely monitors their size. Compare time deposit. See also M1.

demand deposit

see BANK DEPOSIT, COMMERCIAL BANK.
References in periodicals archive ?
These wholesale business sweeps not only have avoided reserve requirements, but also have allowed businesses to earn interest on instruments that are effectively equivalent to demand deposits.
3) Funds in MMDAs are assumed to remain on deposit for the same number of days as funds placed in demand deposit accounts.
New regulatory requirements and consumer behavior changes are challenging the traditional profitability model of demand deposit accounts," said Dennis Dixon, president of Zoot Enterprises.
Chen Yi-tuan noted that the trend among local people transferring funds from demand deposit accounts to time deposit accounts is unfavorable to the fund momentum for the stock market.
Interest on Reserves and Interest on Demand Deposits
Intrasweeep is integrated with all major core processors and is the exclusive provider of Demand Deposit Marketplace.
For the task # 9 - The Purchaser waives demand deposit
Intrasweep is the exclusive provider of Demand Deposit Marketplace(SM).
For task 14 E[cedilla] 16 - The Purchaser waives demand deposit
1) In its decision, the Supreme Court determined that in banking cases the product line for antitrust purposes was that offered by commercial banks; only institutions offering the full "cluster" of bank services thus defined-including demand deposits and commercial loans-belonged in bank markets.
For product success, usage of the ACH Network and direct access to the demand deposit account (DDA) must be reconciled with consumers' privacy-related security concerns.
Most -- 385 -- are traditional demand deposit (checking) accounts.