Deposit: Definition, Meaning, Types, and Example

depositDefinition and Meaning of a Deposit. Simply put, a deposit is a sum of money that an individual or entity places into a bank account or financial institution. This amount can be in the form of cash, check, or electronicMobile check deposit fund availability Fee for instant fund availability; SoFi: Same business day if deposited before 5 p.m. ET: $0 per item, to enable mobile check deposit must