In banking, the acronym DDA stands for ‘Demand Deposit Account’ which is just another term for ‘Checking Account’. DDA Debit is a debit transaction from that account which could be a withdrawal, transfer, payment, or purchase. For more information on the specifics of that DDA Debit, you can either: Chat with a live agent;. To sign up for direct deposit of your federal benefit payments such as Social Security, SSI or VA Compensation and Pension Payment. Go to the U.S. Department of the Treasury website: www.godirect.org, or. Enroll by phone by calling the U. Department of the Treasury toll free at: 1-800-333-1795 You’ll need your. What is the abbreviation for Direct Deposit Account? Direct Deposit Account is abbreviated as DDA. The list of abbreviations related to DDA - Direct Deposit Account. IT Information Technology; IMF International Monetary Fund; GDP Gross Domestic Product. A transaction account, also called a checking account, chequing account, current account, demand deposit account, or share draft account at credit unions, is a deposit account held at a bank or other financial institution. Experian’s demand deposit account (DDA) life cycle capabilities help increase deposit revenue by targeting higher-profit consumers, automating decisions to increase speed and accuracy, ensuring compliance with changing regulations and increasing the number of cross-sell engagements, all while positively impacting the customer experience.
Skip NavigationDemand Deposit Account Services
The Demand Deposit Account (DDA) is the cornerstone of FHLB Dallas' cash management services. The DDA is an efficient and simplified cash management tool that is used as the primary transaction account between FHLB Dallas and our members. These accounts enable members to receive interest on every dollar of collected funds balances without having to transfer or consolidate funds. DDAs are customizable and may be tailored to accommodate many types of transactions. Whether a customer needs to centralize account handling, separate different types of transactions or manage accounts for different branches, DDAs offer the flexibility to fit a member's specific needs.
Our Correspondent Services Product Guide explains the services available to FHLB Dallas members.
Dda Deposit Scams
Members can customize accounts to fit their institution's specific needs.
Typical DDAs include:
- General operating accounts
- Dividend and interest accounts
- Settlement accounts
- Loan disbursement accounts
- Payroll accounts
- Escrow accounts
- Zero balance accounts
In addition SecureConnect allows members to view:
- DDA account statements
- Daily transactions
- Wire transfer activity
- ACH transactions
- Daily DDA rate history
- Intraday activity and balances
Contact Member Services
Dda Deposits Banking
A Member Services Associate is ready to serve you. Call 844.FHL.BANK (844.345.2265) or click the button below to connect with an FHLB Dallas representative.