A deposit (with a bank or financial institution) that is not, or cannot be, used to make payments to other parties. In other words, it is a deposit that does not entail assignment of funds in a given manner or subject to specific requirements.

Non-transferable deposits include all deposits that are not transferable (not exchangeable) on demand at par, without restrictions or penalty. Non-transferable deposits are not freely “transferable” by means of money order (cheque or giro-order, etc.) from the accountholder to other parties, either overall or only subject to specific conditions (restrictions).