I've come across the term BDP in relation to banking, but I'm not sure what it stands for or represents. Could someone explain to me what BDP means in the context of banking?
7 answers
BonsaiVitality
Tue Nov 05 2024
The Bank Deposit Program (BDP) is designed to manage free credit balances efficiently.
Lucia
Tue Nov 05 2024
Under this program, balances are automatically deposited into interest-bearing accounts.
BlockchainBaronGuard
Tue Nov 05 2024
These accounts are FDIC-insured, ensuring the safety of your funds.
Lorenzo
Tue Nov 05 2024
Morgan Stanley Smith Barney LLC acts as the agent and custodian for these deposit accounts.
CharmedClouds
Mon Nov 04 2024
The deposit accounts are established in your name by Morgan Stanley Smith Barney LLC.