1. Depositesfiles
2. Irs Direct Deposit Portal
3. Deposits Not Available For Withdrawal
4. Irs Direct Deposit Form
5. Deposits

Approved Deposits. If you deposit a check: Before 7 pm ET – The first $300 of your deposit will appear in your account the next business day. The remaining amount up to $25,000 will be available on the 2nd business day. If the deposit amount was greater than $25,000, any remaining amount will be available on the 5th business day. Belize Bank Term Deposits combine the security of a savings account with higher interest rates associated with an investment. The Belize Bank Limited (BBL) is the largest full service commercial banking operation in Belize providing a range of banking and financial services to both domestic and international customers. Deposits can also refer to other valuables they hold for you, such as jewelry in a safety deposit box. With financial deposits, you can access that money later by spending with a debit card, paying bills online, or taking withdrawals.

Mineral deposits form because some medium serves as a concentrating and transporting agent for the ore minerals, and some process subsequently causes the transporting agent to precipitate, or deposit, the minerals. Examples of concentrating and transporting agents are groundwater, seawater, and magma; examples of precipitating processes are boiling (as in a hot spring), the cooling of a hot solution, the crystallization of a magma, and a chemical reaction between a solution and the rocks through which it flows. The same kinds of concentrating and transporting agent and the same kinds of precipitating process are involved in the formation of deposits of both geochemically abundant and geochemically scarce metals.

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There are six principal concentrating and transporting agents. Together with the classes of deposit that they form, these agents are discussed below.

Magmatic concentration

Magma is molten rock, together with any suspended mineral grains and dissolved gases, that forms when temperatures rise and melting occurs in the mantle or crust. When magma rises to Earth’s surface through fissures and volcanic vents, it is called lava. Lava cools and crystallizes quickly, so that igneous rocks formed from lava tend to consist of tiny mineral grains. (Sometimes cooling can be so rapid that mineral grains cannot form and a glass results.) Underground magma, on the other hand, cools and crystallizes slowly, and the resulting igneous rocks tend to contain mineral grains at least one-half centimetre (about one-quarter inch) in diameter.

Pegmatite deposits

The crystallization of magma is a complex process because magma is a complex substance. Certain magmas, such as those which form granites, contain several percent water dissolved in them. When a granitic magma cools, the first minerals to crystallize tend to be anhydrous (e.g., feldspar), so an increasingly water-rich residue remains. Certain rare chemical elements, such as lithium, beryllium, and niobium, that do not readily enter into atomic substitution in the main granite minerals (feldspar, quartz, and mica) become concentrated in the water-rich residual magma. If the crystallization process occurs at a depth of about five kilometres or greater, the water-rich residual magma may migrate and form small bodies of igneous rock, satellitic to the main granitic mass, that are enriched in rare elements. Such small igneous bodies, called rare-metal pegmatites, are sometimes exceedingly coarse-grained, with individual grains of mica, feldspar, and beryl up to one metre across. Pegmatites have been discovered on all continents, providing an important fraction of the world’s lithium, beryllium, cesium, niobium, and tantalum. Pegmatites also are the major source of sheet mica and important sources of gemstones, particularly tourmalines and the gem forms of beryl (aquamarine and emerald).

Carbonatite deposits

Carbonatites are igneous rocks that consist largely of the carbonate minerals calcite and dolomite; they sometimes also contain the rare-earth ore minerals bastnaesite, parisite, and monazite, the niobium ore mineral pyrochlore, and (in the case of the carbonatite deposit at Palabora in South Africa) copper sulfide ore minerals. The origin of carbonatite magma is obscure. Most carbonatites occur close to intrusions of alkaline igneous rocks (those rich in potassium or sodium relative to their silica contents) or to the ultramafic igneous rocks (rocks with silica contents below approximately 50 percent by weight) known as kimberlites and lamproites. These associations suggest a common derivation, but details of the way that carbonatite magmas might concentrate geochemically scarce metals remain conjectural.

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Carbonatites have been found on all continents; they also range widely in age, from deposits in the East African Rift Valley that were formed during the present geologic age to South African deposits dating from the early Proterozoic Eon (2.5 billion to 543 million years ago). Many carbonatites are mined or contain such large reserves that they will be mined someday. Among the most important are Mountain Pass, California, U.S., a major source of rare earths; the Loolekop Complex, Palabora, South Africa, mined for copper and apatite (calcium phosphate, used as a fertilizer), plus by-products of gold, silver, and other metals; Jacupiranga, Brazil, a major resource of rare earths; Oka, Quebec, Canada, a niobium-rich body; and the Kola Peninsula of Russia, mined for apatite, magnetite, and rare earths.

A deposit account is a bank account maintained by a financial institution in which a customer can deposit and withdraw money. Deposit accounts can be savings accounts, current accounts or any of several other types of accounts explained below.

Transactions on deposit accounts are recorded in a bank's books, and the resulting balance is recorded as a liability of the bank and represents an amount owed by the bank to the customer. Some banks charge fees for transactions on a customer's account. Additionally, some banks pay customers interest on their account balances.

Types of accounts[edit]

• Transactional accounts, known as 'current accounts' in Member states of the Commonwealth of Nations and 'checking accounts' in the United States

A deposit account for the purpose of securely and quickly providing frequent access to funds on demand, through various different channels. Because money is available on demand, these accounts are also referred to as 'demand accounts' or 'demand deposit accounts', except in the case of NOW (negotiable order of withdrawal) accounts, which are rare checking accounts that require a seven-day notice before withdrawals.

A deposit account that pays interest at money market rates, and for which no notice or very short notice is required for withdrawals. In the United States, they are similar to checking accounts in that they offer check-writing privileges and instant access but they are subject to the same regulations as savings accounts, including monthly transaction limits.

Accounts maintained by retail banks that pay interest but can not be used directly as money (for example, by writing a cheque or using a debit card at a point of sale), although cash can be withdrawn from these accounts at an automated teller machine. While they are not as convenient to use as checking accounts, these accounts generally offer consumers a higher rate of interest than a transactional account and will usually be linked to a transactional account.

Deposits Not Available For Withdrawal

• Time deposit, also known as a certificate of deposit in the United States

A money deposit at a banking institution that cannot be withdrawn for a preset fixed 'term' or period of time and will incur penalties for withdrawals before a certain date. When the term is over it can be withdrawn or it can be rolled over for another term. Generally speaking, the longer the term the higher the interest rate offered by the bank.

• Call deposit

A deposit account that allows for the withdrawal of funds without penalty but requires a higher minimum balance to earn interest.^[1]

A deposit account in which amounts over a certain balance are automatically transferred to another account pursuant to a pre-determined set of arrangements

• Automatic transfer service account

A deposit account that allows the transfer of funds from a savings account to a checking account in order to cover a check written or to maintain a minimum balance.

• Short term deposit account

An account where deposits are held for no longer than a year.^[2]

How banking works[edit]

In banking, the verbs 'deposit' and 'withdrawal' mean a customer paying money into, and taking money out of, an account, respectively. From a legal and financial accounting standpoint, the noun 'deposit' is used by the banking industry in financial statements to describe the liability owed by the bank to its depositor, and not the funds that the bank holds as a result of the deposit, which are shown as assets of the bank.

Subject to restrictions imposed by the terms and conditions of the account, the account holder (customer) retains the right to have the deposited money repaid on demand. The terms and conditions may specify the methods by which a customer may move money into or out of the account, e.g., by cheque, internet banking, EFTPOS or other channels.

Irs Direct Deposit Form

For example, a depositor depositing $100 in cash into a checking account at a bank in the United States surrenders legal title to the $100 in cash, which becomes an asset of the bank.^{[citation needed]} On the bank's books, the bank debits its cash account for the $100 in cash, and credits a 'deposits' liability account for an equal amount. (See double-entry bookkeeping system.)

In the financial statements of the bank, the $100 in currency would be shown on the balance sheet as an asset of the bank and the deposit account would be shown as a liability owed by the bank to its customer. The bank's financial statement reflects the economic substance of the transaction, which is that the bank has borrowed $100 from its customer and has contractually obliged itself to repay the customer according to the terms of the agreement. These 'physical' reserve funds may be held as deposits at the relevant central bank and will receive interest as per monetary policy.

Typically, a bank will not hold the entire sum in reserve, but will lend most of the money to other clients, in a process known as fractional-reserve banking. This allows providers to earn interest on the asset and hence to pay interest on deposits.

By transferring the ownership of deposits from one party to another, banks can avoid using physical cash as a method of payment. Commercial bank deposits account for most of the money supply in use today. For example, if a bank in the United States makes a loan to a customer by depositing the loan proceeds in that customer's checking account, the bank typically records this event by debiting an asset account on the bank's books (called loans receivable or some similar name) and credits the deposit liability or checking account of the customer on the bank's books. From an economic standpoint, the bank has essentially created economic money (although not legal tender). The customer's checking account balance has no dollar bills in it, as a demand deposit account is simply a liability owed by the bank to its customer. In this way, commercial banks are allowed to increase the money supply (without printing currency).

Regulations[edit]

Banking operates under an intricate system of customs and conventions developed over many centuries. It is also normally subject to statutory regulations, such as reserve requirements developed to reduce the risk of failure of the bank. It may also have the purpose of reducing the extent of depositor losses in the event of bank failure.

To reduce the risk to depositors of a bank failure, some bank deposits may also be secured by a deposit insurance scheme, or be protected by a government guarantee scheme.

See also[edit]

References[edit]

1. ^Call Deposit, http://www.deposits.org, accessed 2012-05-14.
2. ^Short Term Deposit, International Deposit, Interest Rates Exchange. Accessed 2012-05-14.

Deposits