Checking accounts that pay no interest and can be withdrawn upon demand Related: Negotiable order of withdrawal accounts
Funds deposited at a depository institution that are payable on demand (immediately or within a very short period) The most common forms of demand deposits are checking accounts See Monetary Aggregates
These deposits are payable on demand at any time the depositor elects The deposits are drawn against by check, and no notice of withdrawal is necessary
A type of bank account whereby the account balance can be withdrawn by the depositor without prior notice to the bank (e g checking accounts) The balance can be withdrawn via check, automatic teller machine or by transfers to other accounts using a PC or telephone The Federal Reserve uses demand deposits as a primary indicator as to when to implement monetary policy because they are the largest component of the money supply
Money placed in or credited to a commercial bank account which the depositor is legally entitled to withdraw on demand without prior notice In practice, most withdrawals are in the form of checks which merely transfer sums within the banking system Demand deposits are also known as deposit currency or checkbook money HA 432
A deposit that may be withdrawn at any time without prior written notice to the depository institution A checking account is the most common form of demand deposit
Funds on deposit with banks which are subject to immediate withdrawal by the depositor(s) Commonly known as checking accounts, demand deposits are different from time deposits, commonly referred to as savings accounts, which require the depositor to wait a specified period of time before withdrawing or else pay a penalty for early withdrawal