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2. Debits and credits - Wikipedia

   en.wikipedia.org/wiki/Debits_and_credits

   A customer's periodic bank statement generally shows transactions from the bank's perspective, with cash deposits characterized as credits (liabilities) and withdrawals as debits (reductions in liabilities) in depositor's accounts. In the company's books the exact opposite entries should be recorded to account for the same cash.

3. Double-entry bookkeeping - Wikipedia

   en.wikipedia.org/wiki/Double-entry_bookkeeping

   The accounting equation is a statement of equality between the debits and the credits. The rules of debit and credit depend on the nature of an account. For the purpose of the accounting equation approach, all the accounts are classified into the following five types: assets, capital, liabilities, revenues/incomes, or expenses/losses.

4. How do certificates of deposit work? Understanding CDs ... - AOL

   www.aol.com/finance/how-do-cds-work-220139365.html

   Offered by big-name and digital banks, credit unions and financial services companies, CDs let you lock in competitive rates of up to 5.00% APY or more on your deposit with guaranteed returns and ...

5. Journal entry - Wikipedia

   en.wikipedia.org/wiki/Journal_entry

   Transactions are listed in an accounting journal that shows a company's debit and credit balances. The journal entry can consist of several recordings, each of which is either a debit or a credit. The total of the debits must equal the total of the credits, or the journal entry is considered unbalanced.

6. Regulation D and savings account withdrawal limits – here’s ...

   www.aol.com/finance/regulation-d-savings-account...

   Prior to April 24, 2020, Reg. D required banks to limit the number of transfers or withdrawals from savings deposit accounts, a term that includes both savings accounts and money market accounts ...

7. Transaction account - Wikipedia

   en.wikipedia.org/wiki/Transaction_account

   A transaction account, also called a checking account, chequing account, current account, demand deposit account, or share account at credit unions, is a deposit account or bank account held at a bank or other financial institution. It is available to the account owner "on demand" and is available for frequent and immediate access by the ...