Deposit of Cash

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                                              Deposit of Cash

 In the world of finance, a cash deposit is defined as money that is injected into a checking, money market or savings account, either via money transfer, ATM machine or through a bank teller. In simple terms, a cash deposit is money placed in a financial institution for protective custody. This money can be made available for withdrawal after the transaction is completed and is the responsibility of the bank to make the funds available to the account holder.

 

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