👉 A subdepository, also known as a secondary depository, is a type of financial institution that provides access to its customers' deposits without having to open an account. This can be especially beneficial for individuals who want to deposit their money but do not have a bank account or prefer the convenience of accessing their funds from another location. Subdeposits are typically offered by banks and other financial institutions, but they can also be accessed through online platforms or mobile apps. These subdeposits allow
