What is the inquiry deposit?

Inquiry deposits are funds that are deposited in bank accounts and are available for withdrawal at the discretion of the deposit. Withdrawal from the account does not require contact or carry out previous agreements with the bank or cooperative reserve. As long as the account balance is sufficient to cover the amount of the withdrawal and the withdrawal is in accordance with the procedures of the established financial institution, the funds may be selected upon request.

One of the most common bank accounts that operates with access to demand deposit is a check account. Many banks allow customers to withdraw money from deposits immediately after sending a deposit to the account. Depending on the banking regulations, there may be some exceptions, especially if the in demand is formed by checks written on foreign banks or includes financial tools that may be necessary before the funds. Cash deposits, checks drawn -out accounts that are with the same bank, and banks that are well introduced in this area areUsually available to the account without delay and are available to download the following working day.

There is one type of demand deposit that is often available for download in minutes. This is the conversion of electronic funds. This type of bank to bank transfer is qualified in advance by the sending bank and the receiving bank is often accepted and immediately published. During the electronic transmission of this nature, the recipient may withdraw the entire amount of insertion in a few minutes after the reception and the publication of the transfer.

take out the contribution of demand from the bank account can be achieved in several ways. One method is to present a check written in the bank's account. The bank checks the available balance and proceeds to make a check of the customer if the funds are available.

Second and increasingly popular funds to withdraw funds from the deposit of demand is the use of debit kalips. However, this approach usually has certain limits, because many banks only allow a certain amount of funds in twenty -four hours using a debit card.

Another option to select funds from inserting demand is to transfer funds from one account to another. For example, a demand deposit could be set on a check -up account. The customer decides to transfer all or part of the deposit of demand to the savings account. This type of transaction can often be made by phone, by accessing the Internet to accounts or visiting the local bank and requesting transfer.