Deposit Account
General Information
A deposit account is a bank account maintained by a financial institution in which a customer can deposit and withdraw money.Deposit accounts can be savings accounts, current accounts or any of several other types of accounts explained below. What is the Deposits Account? Deposits is a current liability account in the general ledger, in which is stored the amount of funds paid by customers in advance of a product or service delivery. These funds are essentially down payments. For example, a company may require a large deposit from a customer before it begins work on a highly. Get answers to your questions about Bank of America deposit accounts. Whether you are looking for a routing number, setting up a direct deposit, or looking for a SWIFT code for international deposits - get your questions answered.
Money market deposit accounts; Certificates of deposit; FDIC insurance does not cover other financial products and services that banks may offer, such as stocks, bonds, mutual funds, life insurance policies, annuities or securities. The standard insurance amount is $250,000 per depositor, per insured bank, for each account ownership category. Complete the direct deposit form. Deliver the form and a voided check to your company’s payroll department. If you’re eligible, your employer will deposit your paycheck directly into your account. Confirm the deposit each pay cycle by signing in to Chase Online SM or checking your account.
The Copyright Office maintains deposit accounts for those who frequently use its services. An individual or firm may establish a deposit account, make advance deposits into it, and charge copyright fees against the balance in the account instead of sending separate remittances with applications and other requests for services.
The electronic Copyright Office web portal allows users to establish a deposit account, replenish account funds, and charge copyright fees for services transacted online.
Notes:
- Open a deposit account only if you intend to request at least 12 transactions a year and maintain a $450 minimum balance. The Office will automatically notify the Deposit Account holder when the account goes below that balance.
- The Copyright Office will close a Deposit Account the second time the Deposit Account holder overdraws his or her account within any 12-month period. An account closed for this reason can be re-opened only if the holder elects to fund it through automatic replenishment.
- To ensure that a Deposit Account’s funds are sufficiently maintained, a Deposit Account holder may authorize the Copyright Office to automatically replenish the account from the holder’s bank account or credit card. The amount by which a Deposit Account will be replenished will be specified by the holder. Automatic replenishment will be triggered when the Deposit Account goes below the previously established minimum level of funding, and Deposit Account holders will be automatically notified that their accounts will be replenished. Funding through automatic replenishment is required if a Deposit Account holder, who has had an account closed because it has been overdrawn twice within any 12 month period, wishes to re-open the account.
DA Setup
If you are already a registered electronic Copyright Office (eCO) user and want to establish a deposit account online, you must first create an organization account in the electronic Copyright Office. Log in to eCO and click the Organization / DA link under Copyright Registration in the navigation bar on the left side of the Welcome screen. Once your organization account has been created, eCO will prompt you to add users to the organization account (optional) and to establish a deposit account. After you have completed your set up, contact us at 202-707-6896 or by email at[email protected] to link your online account. To expedite the linking process, please have the name of your organization account available. Once your deposit account is linked to your eCO user account, you may replenish the account by electronic check (Automated Clearing House—ACH) or by credit card. Or you may mail a check to the Copyright Office at:
Attn: Deposit Accounts
Copyright Accounts Section
PO Box 71380
Washington, DC 20024-1380
Note: When creating a deposit account, DO NOT include punctuation marks in any of the required fields; this will prohibit your deposit account setup. If you are experiencing problems setting up your deposit account, contact us at 202-707-6896
DA Payments
To charge service fees against a deposit account, give the number of the account on all requests. When filing a copyright claim online via the electronic Copyright Office (eCO), click the “Pay-Deposit Acct” button on the “My Cart” screen. The screen will update to display any deposit accounts linked to your eCO account; click the “Pay” icon corresponding to the account you would like to use for payment.
Important: Filing fees are nonrefundable after receipt in the U.S. Copyright Office. See Circular 4.
Note: The Copyright Office enables the account holder to view their electronic statement in the Organization of your electronic account. In addition, the office sends the account’s personal representative a monthly statement via email for any month during which the account was active, showing deposits, charges, and balances.
DA Replenishments
Once your deposit account is linked to your eService user account, you may replenish the account by electronic check (Automated Clearing House—ACH) or by credit card. Click the corresponding “Pay” icon for your account on the Organization / DA screen. You will automatically be directed to the U.S. Treasury’s pay.gov webpage that will request your credit card or bank account information. When you have submitted the payment from the pay.gov website, you will automatically be returned to the Copyright Office eCO webpage.
You may also mail a check to the Copyright Office; however this may cause a delay in replenishing the account. Using only the US Post Office, mail all checks with the 5 digit deposit account number to:
Deposit Accounts
Copyright Accounts Section
P0 Box 71380
Washington, DC 20024-1380
Notes: There is a service charge for Overdraft/Insufficient Funds/Bounced Replenishment Checks. Deposit account holders who submit requests for services for which no funds are available will be charged a $250 “overdraft” fee to cover the cost of extra processing. Additionally, the Copyright Office will charge an $100 service charge for handling dishonored replenishment checks.
Contact Us
For all Deposit Accounts related questions:
Phone: 202-707-6896 8am-5pm (est.) Mon-Fri
Email: [email protected]
Fax: 202-252-2098
Note: For all other questions or inquiries contact our Public Information Office at 1-877-476-0778 (toll free) or 202-707-3000.
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Legal Notices Freedom of Information Act (FOIA) Library of CongressU.S. Copyright Office
101 Independence Avenue SE
Washington, DC 20559-6000
(202) 707-3000
Revised: 21-Mar-2013
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