depositor

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Definitions from WordNet

Noun depositor has 1 sense

depositor - a person who has deposited money in a bank or similar institution
--₁ is a kind of investor
--₁ has particulars: withdrawer
Derived form: verb deposit₂

Definitions from the Web

Depositor

Description:

A depositor is a person or entity that places money or valuables into a bank account or other financial institution for safekeeping or to earn interest.

Sense 1: Noun - Individual Depositor

An individual depositor refers to a person who makes deposits into a bank account in their name.

Example Sentences:

The individual depositor received a high-interest rate on their savings account.
If you are an individual depositor, you can withdraw your funds at any time.
The bank provides online tools for individual depositors to manage their accounts.

Sense 2: Noun - Business Depositor

A business depositor refers to a company or organization that makes deposits into a business account for operational purposes.

Example Sentences:

The business depositor deposited the daily cash sales into the company's bank account.
As a business depositor, you may be eligible for specialized banking services.
The bank offers special incentives for business depositors with higher transaction volumes.

Sense 3: Noun - Automatic Depositor

An automatic depositor is a device or system that automatically deposits funds into an account without manual intervention.

Example Sentences:

The automatic depositor at the ATM allowed customers to deposit cash directly into their accounts.
With an automatic depositor, you can set up recurring transfers from your checking to savings account.
Many businesses use automatic depositors for streamlining payroll processes.