When making a deposit into a bank account, a bank customer typically includes a small paper form called a deposit slip.

A bank draft is a negotiable instrument that functions as payment in the same way as a check.

The annual interest produced by a sum that is paid to investors or charged to borrowers is referred to as the annual percentage rate (APR).

While corporate banking is the portion of the banking sector that deals with corporate customers, retail banking refers to the division of a bank that deals directly with retail customers.

The Federal Deposit Insurance Corp. (FDIC) is an independent federal agency insuring deposits in U.S. banks and thrifts in the event of bank failures.

Depository refers to a location where something is placed for storage or protection, as well as a business like a bank or savings association that accepts customer currency deposits.

A demand deposit account (DDA) is a bank account from which deposited funds can be withdrawn at any time, without advance notice.

It's understandable why some individuals might conflate the terms APR and APY. Both are employed in the computation of interest for credit and investment products.