Common use of Demand Deposit Clause in Contracts

Demand Deposit. A checking account is a demand deposit account. This means we do not reserve the right to require notice before withdrawal from these accounts. We do not pay interest on a checking account.

Demand Deposit. A checking account is a demand deposit account. This That means we do not reserve the no right to require notice before withdrawal from these accountschecking accounts and permit unlimited numbers of transfers to third parties by check or by other means such as ACH, electronic funds transfers, etc. We do not will pay no interest on a checking account.