On receiving the cheque, the bank must provide you the amount requested for your endeavours. This is an example of a checkable deposit. There are numerous types of checkable deposit accounts, including current (UK) or checking (US) accounts, savings accounts and money market accounts.
What is a cheque deposit?
Chequeable deposits is a technical term for any demand deposit account against which checks or drafts of any kind may be written..... follow me.... 4. Which of these the small farmers of Palampur borrow money from?
Where can I open a checkable deposit account?
Personal banking institutions are the primary place to open a checkable deposit account, and there are several types available to customers. Checkable deposit accounts include checking, savings, and money market accounts. Interest rates depend on the bank and the type of account.
What is a standard checkable deposit account?
Standard checkable deposit accounts are used for managing daily expenses and offer immediate access to cash. Checkable deposits have check-writing or draft capabilities.
