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Deposit account facts for kids

Kids Encyclopedia Facts

A Deposit Account is an account at a bank where money can be put in or taken out by whoever owns the account. Each time money is moved, it is recorded in the bank's books. Some banks charge a fee for this, others may pay the customers interest.

See also

Kids robot.svg In Spanish: Cuenta de depósito para niños

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Deposit account Facts for Kids. Kiddle Encyclopedia.