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Definition of a Demand Deposit, Types of Accounts, and Criteria
A Demand Deposit: What Is It? A bank account known as a demand deposit account (DDA) enables unauthorized withdrawals of funds at any time. DDA accounts can choose to pay interest on the money placed in them; this is not a requirement. Savings and checking accounts are the two most prevalent DDA types. How Demand […]
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In what ways do checking account fees benefit you?
Checking account fees can become a trap that you may not realize you’ve fallen into until it’s too late. It is possible to be charged fees simply for keeping your account open, or for services or features you may have assumed came standard with the account. Being charged a fee does not necessarily imply that […]