Demand Deposit Account. Compares to an individual's checking account except interest is paid daily on all balances. All incoming and outgoing wires, Advances credits and debits, as well as any principal and interest payments from securities and Advances are posted into the DDA.
Demand Deposit Account. The individual business bank account that is credited or debited for deposits, fees, and adjustments.
Demand Deposit Account. The merchant hometown bank account.
See Demand Deposit Account.
demand deposit account. bank account from which funds can be transferred
Demand deposit account. Account that can be drawn by check, cash withdrawal from an automatic teller machine, or by transfer to other accounts.
emand eposit ccount - a checking account.
Demand Deposit Account - a checking account where funds are payable upon demand
Demand Deposit Account. A checking account, which must be linked to a merchant processing account to deposit funds to and debit funds from as needed.
Demand Deposit Account. A standard checking or savings account into which electronic funds can be transferred.
Demand Deposit Account. An account where funds are deposited as a checking or saving account.
Demand Deposit Account. A commercial checking account that is used as the depository account for a merchant's credit card deposit. (See Deposit Account.)
Demand Deposit Account. Usually abbreviated as DDA, it refers to the merchant bank account the payment processor credits or debits for deposits, fees and adjustments.
Demand Deposit Account. Bank Industry language for a Checking Account. Literally, a type of bank account whereby the account balance can be withdrawn by the depositor without prior notice to the bank. The balance can be withdrawn via check, automatic teller machine or by transfers to other accounts using a PC or telephone.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.