deposit balance

USAGE SUMMARY

The phrase "deposit balance" is correct and usable in written English.
You can use it when referring to the amount of money someone has deposited into a bank account. For example, "The customer's deposit balance is $500."

✓ Grammatically correct

Wiki

News & Media

Encyclopedias

Human-verified examples from authoritative sources

Exact Expressions

4 human-written examples

Risk to the lending institution is reduced because the electronic transmission of information permits the bank to refuse payment if the buyer's deposit balance is insufficient.

Encyclopedia Britannica

A consumer watchdog group said yesterday that a survey of bank branches throughout New York State found that virtually all heeded or nearly heeded state guidelines as to the deposit, balance and other requirements of the low-cost checking accounts they offered.

The New York Times

However, a Savings account earns a regular interest rate that does not vary, even if your deposit balance changes.

WikiHow

Interest rates on a Money Market Savings accounts generally go up in tiers, and you will earn interest based on the total deposit balance you are carrying in the account.

WikiHow

Human-verified similar examples from authoritative sources

Similar Expressions

55 human-written examples

On average, deposit balances rose 4 percent from the period a year earlier.

The New York Times

ACH networks transfer existing deposit balances, avoid the use of checks, and speed payments and settlement.

Encyclopedia Britannica

An increase in coverage would primarily benefit high net worth individuals and do little for the great majority of savers, who have deposit balances far below the current coverage limit".

The New York Times

In its letter to the company, Deloitte said it found "very serious defects" that included significant differences in deposit balances at banks from what the company reported and loans to it that had not been previously disclosed.

The New York Times

Commercial bank money consists mainly of deposit balances that can be transferred either by means of paper orders (e.g., checks) or electronically (e.g., debit cards, wire transfers, and Internet payments).

Encyclopedia Britannica

The work of the money market in these countries is done largely by transfers of deposit balances, government securities, or foreign exchange among a few banks and between them and the central bank.

Encyclopedia Britannica

The reserves of the commercial banks, which are continually being redistributed through the facilities of the money market, are in fact mainly deposit balances that these commercial banks have on the books of the central bank or notes issued by the central bank, which the commercial banks keep in their own vaults.

Encyclopedia Britannica

Expert writing Tips

Best practice

When discussing financial matters, be specific about the type of account (e.g. savings, checking) to provide clarity regarding the "deposit balance".

Common error

Avoid using "deposit balance" interchangeably with "account balance". While related, "deposit balance" refers specifically to the amount from deposits, while "account balance" includes interest, fees, and other transactions.

Linguistic Context

The phrase "deposit balance" functions as a noun phrase, typically serving as the subject or object of a sentence when discussing financial matters. It refers to the amount of money held in an account specifically from deposits. Ludwig AI confirms its grammatical correctness.

Expression frequency: Uncommon

Frequent in

News & Media

33%

Encyclopedias

33%

Wiki

33%

Less common in

Science

0%

Formal & Business

0%

Social Media

0%

Ludwig's WRAP-UP

In summary, "deposit balance" is a grammatically sound noun phrase used to describe the amount of money specifically from deposits in an account. Ludwig AI validates its correctness and indicates its usage across diverse contexts, from encyclopedias to news reports. While not as frequent as broader terms like "account balance", it offers precision when specifying the source of funds. Be mindful not to confuse it with "account balance", which encompasses the total value including other transactions.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

account balance

Focuses on the overall amount in the account rather than specifically the deposited funds.

funds on deposit

Emphasizes the state of the money being held by the bank.

credit balance

Specifies that the balance is a credit, indicating funds available.

balance of deposit

Rearranges the words for a slightly different emphasis but similar meaning.

cash deposit

Highlights that the deposit consists of cash.

total deposits

Refers to the sum of all deposits made.

deposit amount

Focuses on the quantity of the deposit.

available funds

Highlights the accessibility of the money.

bank balance

Broader term referring to the amount of money held in a bank.

current balance

Specifies the balance at the present time.

FAQs

How to use "deposit balance" in a sentence?

You can use "deposit balance" in a sentence like, "The interest earned on the account depends on the minimum "deposit balance" maintained throughout the month."

What is the difference between "deposit balance" and "account balance"?

While both terms relate to funds in an account, "deposit balance" refers specifically to the amount of money that has been deposited, whereas "account balance" is the total amount in the account, including interest, withdrawals, and fees.

Which is correct, "deposit balance" or "deposits balance"?

"Deposit balance" is the correct and commonly used phrase. "Deposits balance" is grammatically incorrect.

Are there alternatives to the phrase "deposit balance"?

Yes, you can use terms like "account balance" or "funds on deposit" as alternatives, depending on the context.