A demand deposit account (DDA) is an account that contains funds that the account owner can withdraw from the depository institution at any time.

A bank run occurs when a large number of customers withdraw their deposits at the same time due to concerns about the bank's solvency. Read about what governments are doing to prevent bank runs.

The Federal Deposit Insurance Corporation (FDIC) is an independent federal agency that insures banks and thrifts in the United States.

A "community bank" is an informal term for smaller banks that primarily serve local residents and businesses.

A depository is a building, office, or warehouse where something is deposited for storage or protection.

Retail banking is the public's visible face of banking, whereas corporate banking is the aspect of banking that deals with corporate customers.

A financial institution (FI) is a business that specializes in financial transactions like investments, loans, and deposits.

ACH transfers are commonly used to pay bills and transfer funds between accounts. Learn about ACH transfers and when you might need to use one.