A transaction account is a bank account that provides individuals with immediate access to money. Transaction accounts have full liquidity to pay bills and make everyday purchases. A common type of ...

Banking relationships traditionally begin with deposit accounts, but changes in retail banking, combined with a sputtering economy and the explosion of new technologies, have spawned a new breed of ...

Bank deposits are money placed into a deposit account at a banking institution, such as savings, checking, or money market accounts.

“Big Brother is watching you” — that’s how lots of Americans feel when they deposit or withdraw large sums of money from their bank accounts. “People worry about… narratives out there that ‘the bank’s ...

Banks must report cash deposits of $10,000 or more. Don't think that breaking up your money into smaller deposits will allow you to skirt reporting requirements. Small business owners who often ...

In their Secured Transactions column, Barbara M. Goodstein and Adam C. Wolk, discuss the Uniform Special Deposits Act. The act aims to create a set of "clear and executable" rules to govern bank ...

In 2008, in the midst of a financial crisis, federal regulators extended bank deposit guarantees beyond the statutory $250,000 limit to cover all “transaction,” or checking, deposits. Later codified ...

Organizations representing the payments industry are coming out in support of the federal government’s move to eliminate paper checks for disbursements. Nacha, the governing body that oversees the ACH ...

A bank of first deposit (BOFD) is the initial bank where a check is deposited into an account. Checks deposited at a BOFD from the same bank as the issuer are processed as "on-us" items, enabling ...