What is another word for demand deposit?
Pronunciation: [dɪmˈand dɪpˈɒsɪt] (IPA) 
Demand deposit is a type of bank account where the funds can be withdrawn anytime without any notice. The term 'demand deposit' is frequently used in the banking industry to describe such accounts. However, there are some synonyms for the term that mean the same thing in the banking world. One of the synonyms is 'checking account', which is widely used in the United States. Other synonyms include 'current account', which is commonly used in the United Kingdom and 'demand account'. Some banks also refer to demand deposits as 'transaction accounts' or 'current deposits'. Regardless of the word used, these synonyms all refer to accounts that allow for easy and immediate access to funds.
