The depositor account title indicates the ownership of the funds in a deposit account. Put simply, it is the name that appears on the deposit account record.
Depositor account titles may be held by a single individual, a married couple, business partners or other arrangement. One of the individuals may be the primary representative or represent the power of attorney. Depositor account titles may also be held by a fiduciary or escrow company that holds funds for other parties.
Legally, the depositor legally transfers title of the funds deposited to the bank. The bank then records the funds as both an asset and a liability towards the individual(s) or entity holding the depositor account title.