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The contents of the Short term deposit page were merged into Deposit account on 20 December 2020. For the contribution history and old versions of the redirected page, please see its history; for the discussion at that location, see its talk page.

I just discovered this article, which needs some work. As counter-intuitive as it may seem to a layperson, a "deposit account" is not an asset of the bank -- it's a liability owed by the bank to its customer. The asset is the money (or checks, etc.) deposited by the customer. Stay tuned. Yours, Famspear 17:48, 8 August 2006 (UTC) reply

The use of the term "Deposit account" to include current (cheque) accounts as well as savings accounts is, as far as I'm aware, a specifically US (or North American) terminology. In the UK, and most of Europe, "deposit account" is a synonym for "savings account" and is separate to a current account. MarkSG ( talk) 17:26, 25 January 2012 (UTC) reply

Under "How banking works"

Should "On the bank's books, the bank debits its cash account for the $100 in cash, and credits a "deposits" liability account for an equal amount."

Read as "On the bank's books, the bank credits its cash account for the $100 in cash, and credits a "deposits" liability account for an equal amount." 220.233.193.104 ( talk) 05:32, 5 May 2022 (UTC) reply

For the bank 2601:405:4600:2890:B1D2:A8D4:ECBC:E1C5 ( talk) 18:28, 1 April 2024 (UTC) reply