A deposit in the banking sense has been many times defined. It is the placing of money with the bank to be withdrawn upon the depositor’s demand or under rules and regulations agreed upon. (Black’s Law Dict.) “The deposit of money by a customer with his banker is one of loan, with a superadded obligation that the money is to be paid when demanded by a check.” ( Davis v. Elmira Savings Bank, 161 U.S. 275.) An ordinary bank deposit is made for the benefit of the depositor who loans his money to the banker “and the latter, in consideration of the loan of the money and the right to use it for his own profit, agrees to refund the same amount, or any part thereof, on demand.” ( Marine Bank v. Fulton Bank, 2 Wall. 252.) Money deposited becomes a part of the bank’s general funds and it contracts to pay its depositor’s checks. ( Baldwin’s Bank v. Smith, 215 N.Y. 76.) Money is deposited. Money is to be returned. ( Peoples Bank v. Legrand, 103 Penn. St. 309.). Gimbel Brothers, Inc., v. White
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