4 ms·
Could you elaborate more on this? Specifically the DDA bit - I don't know which acronym you're referring to.
by HoppyHaus 4y ago
Could you elaborate more on this? Specifically the DDA bit - I don't know which acronym you're referring to.
- lexa1979 4y agoDirect Deposit Account ?
- IG_Semmelweiss 4y agoDemand deposit account. This is the technically correct term used with US-based vanilla bank accounts that are FDIC insured
- mzzter 4y agoI’m assuming DDA stands for demand/direct deposit account. Keeping a separate one with a low balance for internet accounts can help keep a primary account unaffected if paypal or other internet services initiate a transfer without your permission (could also be due to a compromised paypal account).
- HoppyHaus 4y agoThank you!