The Balance Blog

Every time money moves - whether it’s loading a payroll card, topping up a digital wallet, or sending an instant payout - there’s a quiet workhorse operating in the background. It’s called the Demand Deposit Account (DDA). 

As recently as a few years ago, prepaid was still thought of as a convenient alternative to cash or checks. It was useful, but it was more of a niche offering. Today, it’s a core part of the money-movement infrastructure.