Definition: Transferable deposits

Category: European System of Accounts (ESA)

Deposits exchangeable for currency on demand, at par, and which are directly usable for making payments by cheque, draft, giro order, direct debit/credit, or other direct payment facilities, without penalty or restriction (ESA 2010).

Deposits (in national or in foreign currency) which are immediately convertible into currency or which are transferable by cheque, banker’s order, debit entry or the like, both without any kind of significant restriction or penalty (ESA 1995). http://ec.europa.eu/eurostat/product?code=KS-02-13-269&mode=view European Union, Regulation (EU) No 549/2013 of the European Parliament and of the Council of 21 May 2013 on the European system of national and regional accounts in the European Union, Official Journal of the European Union No L 174, 26.06.2013, p. 1 - 727
Eurostat, "European System of Accounts - ESA 1995", Office for Official Publications of the European Communities, Luxembourg, 1996