bank deposit

Money put away

A bank deposit is money placed into an account at a financial institution, either for safekeeping or to earn interest.

The term covers cash handed to a teller, checks submitted for processing, or electronic transfers: I need to make a bank deposit before the rent is due.

The deposit becomes a liability the bank owes back to the depositor.

Opposites
direction of funds movement

bank depositwithdrawal

Act of taking away

cash withdrawal · ATM withdrawal · debit · disbursement · payout

asset liquidity/accessibility

bank depositcash on hand

Currency immediately accessible

spending · expenditure · purchase · consumption · pocket money

Family

bank, deposit, banker, banking, banks, depository, banked, deposits, depositing

Familiarity
Top 50,000
Profile
Known to kids · Used worldwide · Timeless · Concrete · Everyday, not technical · Rated G