Nondeposit accounts, such as savings and checking accounts, provide customers with a safe place to store their money. These accounts offer easy access to funds for everyday expenses and financial transactions. Unlike deposit accounts, nondeposit accounts do not earn interest on the balance maintained. Customers can use nondeposit accounts for various banking services, including bill payments and fund transfers. Overall, nondeposit accounts play a crucial role in modern banking by offering convenient and secure money management solutions.