Which statements about deposits are true? Check all that apply. Deposits increase the checking account balance. A deposit is money that is subtracted from a bank account. Deposited money can be transferred electronically from one bank to another. You cannot make a deposit at an ATM. You can deposit a greater amount than the balance in the account.

A deposit is an act of depositing money with a third party, most commonly a financial institution such as a bank. Thus, under this, Options A, C, and E are correct statements.

What do you mean by deposits?

A deposit is a money that is deposited into your bank account. You should save money by depositing it in a bank and earning interest on it.

The statement related to the deposits that are considered to be true are as follows:

Deposits increase the checking account balance.

Deposited money can be transferred electronically from one bank to another.

You can deposit a greater amount than the balance in the account.

The following statements related to the deposit are considered to be false.

A deposit is money that is subtracted from a bank account.

You cannot make a deposit at an ATM.

Therefore, The statements that are correct are options a, c, and e.

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