BANKING AFFAIRS

Detailed explanation-1: -You are making a deposit when you put money into your bank account. In that sentence, deposit is a noun, but you could express the same action using deposit as a verb. You deposit money into your bank account.

Detailed explanation-2: -A deposit in finance is typically when you transfer money to a bank account like a checking account for safekeeping. However, it can have other meanings as well. For example, you may need to place a deposit, or a certain amount of money, with a business to secure goods or services such as for a rental. SoFi.

Detailed explanation-3: -A deposit is a sum of money given as part payment for something, or as security when you rent something. A deposit is required when ordering. If you deposit a sum of money, you put it into a bank account or savings account.