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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account a savings account, current account or any other type of bank account that allows money to be deposited and withdrawn by the account holder.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. A

    NSW New Car Purchase pending Finance approval by private finance - refund deposit

    What is my right in relation to receiving a refund of a deposit to purchase a NEW vehicle via credit card provided over the phone with sale Subject to finance approval. No contract has been signed or ID has been provided. Request to refund deposit within 24hr of deposit. Selected Vehicle was NOT...
  2. Aaronnnn

    QLD Builder unable to get approval for their plan(5%deposit paid)

    Hi all, I went in the contract 21-01/20 for building a house. My builder is unable to get building approval due to the side boundary setback (200mm on the drawing in the contract)(lodged early FEB) Council advise them either amend the plan or obtain the consent from neighbour without any...
  3. B

    NSW Selling puppy / holding deposit question?

    Hi I have a litter for sale. Is there a law about holding deposits for animals/puppies? I’d like to make sure I understand it before taking any holding deposits. I did lots of searches but can’t find anything specifically suitable Thanking you BecH
  4. 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
  5. 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...