Demand Deposit Account DDA latest Tutorial
What is a Demand Deposit Account (DDA) check?
A Demand Deposit Account (DDA) check, is a type of check drawn on a checking account. This kind of check is regularly utilized for regular exchanges like making purchases, moving cash from one accounts to another or paying bills.
A DDA check is a safe way to transfer money because the funds are typically withdrawn immediately from the account when it is presented for payment. DDA checks can be written for any amount due to the available balance on the account's and used for business and personal transactions.
Also, DDA checks can be utilized with electronic financial administrations, for example, versatile banking and online bill pay, and making it more straightforward for customers to deal with their funds and monitor their exchanges.
What is Demand Deposit Account (DDA) in clearing check?
It refers to a check deposited into a customer's account at another bank and is currently being processed for payment by the customer's bank.
A check from another bank is sent to the customer's bank for processing when they deposit it into their account. When the review is considered "in transit" or "in a clearing," this procedure may take several days. If the check clears, the funds are credited to the customer's account or returned unpaid if it bounces once the customer's bank receives the bill.
A check still being cleared and verified by the customer's bank is called an in-clearing check. The customer's bank typically charges a fee to process the clearing check. This fee may vary based on the type of account and the bank's fee schedule.
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Difference between Direct Deposit and Demand Deposit Account (DDA)
Direct Deposit is loading funds from a bank account into prepaid cards like Greendot card, Netspend Card, Movocash Card, Chime Card, Cashapp, Bluebird card, Go2Bank Card etc.. While, Demand Deposit Account (DDA) is withdrawing funds from a bank account at any time, without advance notice, if you want to know how to do Direct Deposit Deposit click here.
Before I start writing a tut on DDA, I need to write break it down into a little summary so you can understand it before you see the Tut
1• Normal Bill pay - Send a Check to client/white head address
2• DDA - Send Check straight to Bank, They will deposit the check into bank account of client themselves because DDA logs allow you to input account number there
2• Direct Deposit - Send a transfer directly to bank
Many ‘hot’ tutorials last for just weeks, some even last for days and u end up wasting all your btc chasing a dead ghost, but with these kind of bank transfers, they are the same processes people follow in USA to transfer money since, So once you perfect a method 💯, you can keep on making money from it till you die, that why I prefer them than chasing new trends which cast in a week
DDA TUTORIAL (1)
1• First Login the hacked log you bought and click on Bill Pay. (Remember dda is also a type of bill payment)
2• Click to add a New Payee.
3• Click on Continue to start the method
4• Choose “Pay a Person”
5• Now Choose the check option, This particular log offers direct deposit but that a tutorial for another day
6• You will be asked to input the payee information. (Normal bill pay logs won’t for account number, only dda methods asks that, so put the Bank address there and the client Account number.
6• Filled 🆙
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6• Payee info has being filled including the Account number, the address there is Bank’s address. |
7• Most banks these days ask for code for verification before it sent out, this why I always recommend getting a log with email details.
8• Code sent
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9•
10• Now that the payee has being added, it time to make payment, Send DDA check to the payee info
11• Once everything is correct, you click on Submit , the date is Today because am doing the job as am uploading the tut, NO OLD tut on this channel.
12• The DDA check will reflect in the client bank account in 2 days time by Friday this week Inshallah 🙏🏾🙏🏾🙏🏾
2nd March 2022.
Once DDA is done, money reflect in 2 business days by hook or crook. Inshallah‼️
4th March 2022.
Bank transfer jobs is like adding 1+1= 2.
Once you follow instructions and you perfect yourself, you will make all the money you dreamt of till u resign
Question & Answer
QUESTION :
So @BigTechNG what are Some of the bank logs that are good for Sending out DDA to other banks??
Answer:
Wood forest
Huntington
Principal Bank
Member Community Bank
Suntrust Bank
Hill Bank
River City Bank
I will post all Questions and Answers concerning DDA tut at the End of this Article. So before we proceed We started this month with a DDA tut, let end it with another DDA tut from a different bank
DDA TUTORIAL (2)
1• Make sure you get a log with the email attached, makes your work easier with less stress.
“DDA is different from Direct Deposit”
2• Log into the bank login, I used woodforest for this second tut but many other banks do DDA and they follow the same process
2a• Click on Pay Bills.
3• Now when it comes to this particular bank, they only allow you to continue to the Bill pay or DDA part if you put on a Multi factor Authentication, will show you how it done
4• Download the authentication app, this what activate the dda feature on this bank
5• Done
“Let continue with the Tutorials”
Now with most bank logs, DDA is all about adding payee and then sending the DDA check to the bank of the payee.
But with banks like woodforest, they expect you to put on google authentication before they allow you to add payee, so let continue today
6• Click on Pay Bills again
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7• Now click on “I accept” you don’t even need to bother reading the long thing
8• They will ask where the money should be deducted from, choose the checking account with money in it
9• Click on Add Payees
10• Since there is no payees here, Put the name of the client here and click on Add
11• This is where you will put the account number of receiving bank, and put the Bank address there, Bank address oo not personal address
12• Payee Added Successfully.
• To those who don’t understand, A Payee is the person who will receive the money in his Account, so either the white head or the client in USA
• Now it time to send the payment to the payee
Refer to no (11) If you don’t have the bank address, just google it to get any of the bank addresses
13• So write the amount you want to send, minimum you can write is $2k and highest is $20k for first transfer
14• Money sent Successfully
We finally Received our funds, Check the Drop Account.
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Q1• Can DDA transfer be sent to New account ???
Ans: Yes DDA can be sent to new account and it will reflect in 2 business days
Q2• Do I need to attach a document when sendin out DDA cos I hear people talking about that
Ans: Once you send the check from the hacked bank log, you don’t need to add any docs, it people who print checks in their homes who might need to add docs to their wire check dispatch, so don’t worry your head over it
Q3• Can I deposit a check into the same bank it is from, For example can I deposit a chase check into a chase bank or a boa check into a boa bank??
Ans: I will never ever advise you to do that, this even makes it easy for the bank to run a verification and discover the fraud, best to deposit into a different bank, by the time the verification is run, you would have run away with the money
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• You can do DDA transfer to ALL USA BANKS, Just send to their bank address, they will deposit the check into the account for you. |
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• Most of you guys hear wire check and you think it some top notch job, some also confuse wire check with DDA, DDA is the better than it tho {getButton} $text={Get Updates From Us} $icon={download} $color={blue} |