What is deposit jumping?

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  What is the difference in counter deposit and deposit?

  A counter deposit is made using a blank deposit slip furnished

  by the bank ? the depositor has to write in their own name and

  account number. A deposit is typically made with a pre?printed

  deposit slip that the depositor brings to the bank with them.

Related Q&A:

What is deposit jumping?

Oh, well, deposit jumping is basically when someone moves their money from one bank or financial institution to another just to take advantage of higher interest rates or better deposit offers. It's like constantly hunting for the best deal on where to park your money. You know, people do this to get more bang for their buck and make their savings grow faster. But it can be a bit of a hassle, having to keep track of all those changes and make sure everything goes smoothly.