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What is Consumer DDA account?

A consumer DDA is a demand deposit account. Such an account lets you withdraw funds without having to give the financial institution any advance notice.

Is a Consumer account a personal account?

Consumer account means any account used primarily for personal, family, or household purposes.

What is a Wells Fargo Consumer DDA account?

Most demand deposit accounts (DDAs) let you withdraw your money without advance notice, but the term also includes accounts that require six days or less of advance notice. NOW accounts are essentially checking accounts where you earn interest on the money you have deposited.

Is a DDA account a checking account?

Demand deposit accounts are a type of bank account designed for spending, such as a checking account. Some types of bank accounts may limit the amount of money you can access or when you can make a withdrawal. But with a demand deposit account, you can take out money easily.

What is a Wells Fargo consumer DDA account?

Most demand deposit accounts (DDAs) let you withdraw your money without advance notice, but the term also includes accounts that require six days or less of advance notice. NOW accounts are essentially checking accounts where you earn interest on the money you have deposited.

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