Transferable deposits comprise all deposits that: are exchangeable for bank notes and coins on demand at par and without penalty or restriction; and are directly usable for making payments by cheque, draft, giro order, direct debit/credit, or other direct payment facility.

Some types of deposit accounts embody only limited features of transferability; these are excluded from the category of transferable deposits and treated as other deposits. For example, some deposits have restrictions such as on the number of third-party payments that can be made per period or on the minimum size of the individual thirdparty payments. A transferable deposit cannot have a negative value. A bank current or checking account, for example, is normally treated as a transferable deposit but if it is overdrawn, the withdrawal of funds to zero is treated as the withdrawal of a deposit and the amount of the overdraft is treated as the granting of a loan.

Система национальных счетов 2008