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Is bank account an a bank deposit account the same?

In: Commercial Bank and Checking Accounts [Edit categories]

Answer:

No. A bank account can be a checking or savings. It is the account in your name where you deposit and withdrawl funds from. A bank deposit is when you put money into the account either by you walking into the bank and handing them cash or a check and the bank teller processes it to be put into your account. They are two different things but they are related.

First answer by Themiz71. Last edit by Themiz71. Contributor trust: 2 [recommend contributor ]. Question popularity: 1 [recommend question].

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