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account a savings account, current account or any other type of bank account that allows money to be deposited and withdrawn by the account holder.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

    NSW Car deposit

    Hi all,I have a rather finiky question. My son payed a deposit of 5000 dollar's for a vehicle I QLD. Now he's worried about the vehicle owner in QLD keeping his deposit if car not payed off in the agreed time.Is this possible?
  2. M

    Released deposit on residential property in QLD and cannot meet conditions?

    Hello, We paid a deposit ($65,000) on a residential property in QLD and released the deposit to help the ageing Vendors secure another property in a hot market. We then put our house on the market to sell. We were bouyed by the confidence of agents selling homes within 2 weeks. HOwever our...
  3. A

    QLD refunding buyer a deposit (private car sale)

    hi all, recently advertised a vintage 60s model car for sale on facebook market place (private seller) had a buyer contact me saying it was exactly what he wanted, however was away on holiday. he asked for more pictures and a video of the car which I sent along with as much detail as I could...
  4. ashleyjohn132

    buyer requesting refund to private seller after change of mind after putting deposit of 200$

    hey i just had a advertisement on gumtree to sell my car that is repairable write off which i was planning to fix it up and almost halfway through but dont have the finances to take it further so selling a viv inspection car and selling for 3000$ , the buyer came in the night inspected and...
  5. S

    NSW deposit on a dog

    I have paid a deposit to a breeder for a puppy. since then the breeder won't return my calls or emails. I have since found out they aren't an ethical breeder and I would like to know what my chances are of getting my deposit back.
  6. 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...
  7. 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...
  8. 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
  9. 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
  10. 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...