Cash deposit意思

"Cash deposit" is a term used in banking and finance that refers to the act of depositing cash into an account, such as a savings account, checking account, or any other type of financial account that accepts cash deposits. This can be done at a bank, credit union, or other financial institution, or at an ATM or other automated deposit machine.

When you make a cash deposit, you are adding to the balance of the account, which means you are increasing the amount of money that you have in that account. Cash deposits can be made by anyone who has access to the account, such as the account holder, a joint account holder, or someone who has been authorized to make deposits on behalf of the account holder.

Cash deposits are a common way to add money to an account, and they are usually processed quickly, which means that the money will be available in your account soon after you make the deposit. However, the availability of the funds may depend on the policies of the financial institution and the amount of the deposit. For example, some institutions may place a hold on large cash deposits, which means that the full amount may not be available for immediate withdrawal.