Demand Deposit

Definition - What does Demand Deposit mean?

A deposit that a customer has with a bank or other financial institution that will allow them to withdraw the money at any time or on demand.

Testopedia explains Demand Deposit

A demand deposit is the formal name for a checking account or other account containing cash or cash equivalents that has check writing privileges.

Connect with us

Testopedia on Linkedin
Testopedia on Linkedin
"Testopedia" on Twitter

Sign up for Testopedia's Free Newsletter!