What Is a Dda Account?


A DDA Account is a demand deposit account in full. This is a bank account where all deposited funds can be withdrawn without notice to the bank or depository institution. With such an account, customers have complete access to their money without bank restrictions.
Q&A Related to "What Is a Dda Account?"
A "debit" is a subtraction and "DDA" means checking account. You should contact your bank directly for information about exactly WHY your account was debited,
Demand Deposit Account - Means Checking, savings or money market
Checking accounts are some of the simplest - and least lucrative - financial accounts out there. They usually offer pretty low interest rates compared to savings accounts, CDs, and
A. savings account. is an all-inclusive term , which includes. IRAs. and regular ( non-retirement) savings. A. Roth IRA. is a savings account in which earnings accrue on a. tax-deferred
1 Additional Answer
Ask.com Answer for: what is a dda account
What Is a DDA Bank Account?
Often referred to as a DDA account, demand deposit bank accounts are one of the most common types of transactional accounts used by individuals in the United States. Chances are that you have one and refer to it as your "checking account."... More »
Difficulty: Easy
Source: www.ehow.com
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