deposit

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A deposit account a savings account, current account or any other type of bank account that allows money to be deposited and withdrawn by the account holder. These transactions are recorded on the bank's books, and the resulting balance is recorded as a liability for the bank and represents the amount owed by the bank to the customer. Some banks may charge a fee for this service, while others may pay the customer interest on the funds deposited.

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  1. B

    QLD Deposit

    I paid a deposit of 10% on a boat trip that does not go until December, I had to cancel and the state there is a 10% cancellation charge ie no money back. As the sail date was 10 months away I felt this was unreasonable. Are there any laws covering this issue? Bazza
  2. N

    Wedding venue non-refundable deposit

    Hello So we booked our wedding venue with a 30% non-refundable deposit. What we booked including catering and reception location (outdoor marquee) was stated in our invoice and contract for the day. The venue has now changed multiple things including the catering (now doing it in-house) and the...
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