Demand Deposit Account

Traditional savings and checking accounts are generally demand deposit accounts.

Related Terms

  • ACH Debit

    An ACH debit occurs when the receiver’s account is debited.

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  • UDAP (Unfair or Deceptive Acts or Practices)

    Unfair or Deceptive Acts of Practices (UDAP) is a collection of rules for banking regulations, aiming to protect credit card users while adding to card-related disclosures.

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