Bank Deposit Example: For example, a Bank Deposit is generally made when opening an account or in the course of routine business or personal transactions that involve placing funds with the bank for future use.
Bank deposits can be made in a number of different ways.
Bank Deposit Meaning: In deposit terminology, the term Bank Deposit refers to an amount of money in cash or check form or sent via a wire transfer that is placed into a bank account.
The target bank account for the Bank Deposit can be any kind of account that accepts deposits.
The new bank account will be verified in 5 business days.