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What are the three main types of bank transactions?
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GPT-5 mini
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The three main types of bank transactions are:
1. Deposits — money put into an account (cash, check, direct deposit, mobile check capture).
2. Withdrawals — money taken out of an account (cash or ATM withdrawals, checks you write, debit‑card purchases).
3. Transfers/Payments — moving money between accounts or to others (internal transfers, ACH/online bill pay, wire transfers).
(You’ll also see these shown on statements as credits vs. debits, and banks may record additional items like fees or interest separately.)
1. Deposits — money put into an account (cash, check, direct deposit, mobile check capture).
2. Withdrawals — money taken out of an account (cash or ATM withdrawals, checks you write, debit‑card purchases).
3. Transfers/Payments — moving money between accounts or to others (internal transfers, ACH/online bill pay, wire transfers).
(You’ll also see these shown on statements as credits vs. debits, and banks may record additional items like fees or interest separately.)
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