BREAKING DOWN 'Seller's Market'. In a seller's market in commodities, the seller--because of the scarcity of underlying commodities or goods--is able to obtain better conditions for the sale, or higher prices. Conditional Offer. In general, an agreement between a buyer and a seller that an ...
At those averages, a small business of 20 employees would spend approximately $40 per pay period to issue paper checks, compared with $7 for direct deposit. Annually, the same company would spend $1,040 processing paper checks as opposed to $364 using direct deposit (assuming the employees are paid bi-weekly).
Typically, banks only charge processing fees on business accounts but most bank depository agreements do allow banks to charge fees when consumers deposit large amounts of cash in a single transaction. The Federal Deposit Insurance Corp., or FDIC, guarantees bank deposits up to $250,000 per customer, per bank. If you deposit in excess of $250,000 into an account and your bank happens to go bankrupt that night, then you stand to lose the money you deposited that exceeded the insurance limit.