Types of bank deposits

The customer S of the Banque S can deposit their money and their values on various Compte S or plans.
In France, there exists a variety of deposit accounts and other formulas envisaged for this purpose:

Sight deposits

A deposit " with vue" is a deposit, remunerated or not, whose funds can be withdrawn partially or completely at any moment.

  • the current Account traditionally called “account Check”, is an account whose not only money can be withdrawn constantly but which is also intended to be used as pivot for the payments (see Means of payment), for the cashings and also for the movements of capital with the other accounts. This account generally not is remunerated, or very slightly remunerated and only in the countries where the payment of an interest is allowed.

This account is sometimes supplied with an authorization of discovered allowing that its balance is temporarily negative to the amount of a ceiling of authorized flow.

  • the Savings account is sometimes called also “account on booklet”, owing to the fact that the operations in the beginning were deferred on a booklet of saving which the holder preserved to himself (it is still the case in certain countries). It must obligatorily be credit. It is an account where the funds are là-aussi available at sight, but only in the form of withdrawal of Espèces, therefore in general without means of payment. These accounts are remunerated by a interest and:

    • taxed ( ordinary banking savings account ),
    • or defiscalized but strongly regulated (For example, in France, booklet has , booklet of sustainable development LDD , account of saving for house-purchase CONCEALMENT , booklet of saving popular LEP ).
There exist also some specific formulas, in fact of names marketing related to some particular advantages, such as the Young Livret .

Term deposits and plans of saving

  • the Account in the long term or term deposit has one duration fixed in advance and carries an interest provided that the titular customer of the account does not withdraw the money before the expiry (usually fixed between one and six months)

  • the Compte with notice is an alternative according to which the money cannot be recovered by the titular customer of the account without loss of interests, if this one announces its withdrawal in advance sufficiently.

  • the Plane of Saving affected to the constitution of saving for a specific objective.
to take the French example one finds plans for housing (PEL), in actions (PEA), for the retirement (PERP). In the United States, one finds the account 401 (K) intended for the retirement.
a plan of saving is often fed by Virement S periodicals since the current account. The duration and the methods of exit of these plans are n the other hand regulated particular tax incentives.

Deposit of titles

  • the Compte titles is that where the transferable securities are deposited (actions, obligations, investment trust, SICAV…) of the customer and where the transfer operations and conservation of the titles are carried out, for example payments of dividends. To note that these deposits are more and more dematerialized, the quoted on the stock exchange titles are seldom emitted, transmitted and stored physically, they are it only in the form of dummy entry.

Holder and agent

The customer holder of the Account or the plan is called titular account. If the account is held by several people (account joint between husband, account in Indivision,…), one speaks about Co-holders .
The holder can also give a procuration to thirds which are then agents on the account (they are authorized to possibly carry out certain operations, in some limiting).
The titular customer of an account is also designated like counterpart (in particular in the field of the Risk management of counterpart).

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