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11/07/2025
Payment deposits bring many benefits to users. So what is a payment deposit? Please read SeABank's article now!
Current deposits can ensure higher payment capacity than cash. However, many customers still confuse current deposits and savings deposits. So what is a current deposit? Please refer to the content compiled by SeABank below!
Payment deposits are non-term deposits in bank accounts, used for transactions such as paying bills, transferring money, etc. Therefore, if customers want to maintain payment deposits, they must have a bank account.
Learn what is the concept of payment deposit
Clause 22, Article 4 of the Law on Credit Institutions 2010 stipulates that a payment deposit account is a non-term deposit opened by a customer at a bank for the purpose of using payment services provided by that bank.
Current deposits are widely used by customers due to their convenience and speed. Current deposits offer a number of benefits such as:
Highly Multi-Tasking Payment Deposit
There are many factors to distinguish between payment deposits and savings deposits. This comparison table of these two types of deposits will help you distinguish quickly.
So should customers save or make a payment? Depending on their spending needs, customers can choose the appropriate type of deposit. If customers have a surplus amount of money but do not have a purpose for using it, you should make a term deposit. In the case that customers have a surplus amount of money but not much and have a purpose for using it, you should deposit the money into a payment account.
There are many factors to distinguish between checking and savings deposits.
If you want to open a payment deposit account, you need to register to open an account directly at the bank's transaction office. The process will include the following 3 steps:
A checking account allows customers to enjoy a wide range of benefits. Here are some tips to help you get the most out of your account:
Information Security: Absolutely do not disclose information related to your account because bad guys can take advantage of this to affect your account. Therefore, you need to be careful when withdrawing money at ATMs, only shop and pay electronic bills at reputable units,...
Check your balance and transaction history regularly: This is the fastest way to detect any abnormalities in your account so that you can handle them promptly and limit losses.
Contact the bank hotline when you lose your card: Losing a Visa, Master, credit card or ATM card is a common situation that users encounter due to negligence during use. In this situation, you need to stay calm and call the bank's customer service number to request a card lock. This action helps you minimize damage such as bad guys making transactions such as withdrawing money, transferring money from the card.
Don’t disclose your deposit account information to others.
Payment deposits bring many benefits to customers in the payment of electronic bills. Hopefully, SeABank's article has helped you understand what a payment deposit account is, what a payment deposit is, distinguish between a payment account and a savings account, and grasp important notes when using a payment account. Follow SeABank now to update more interesting financial information!