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" ,"image": { "@type": "ImageObject", "url": "https://www.investopedia.com/thmb/Nu-EDZsnhaXCQKmOZSr4z0FU6Hc=/1500x0/filters:no_upscale():max_bytes(150000):strip_icc()/DDM_INV_cash-on-delivery_final-1f00dbf605ab45f28669092ae189a361.jpg", "height": 1000, "width": 1500 } ,"video": { "@type": "VideoObject", "contentUrl": "https://content.jwplatform.com/videos/a14mHn6l-G9NhEyAa.mp4", "description": "Cash on delivery, also referred to as COD, is a method of shipping goods to buyers who do not have credit terms with the seller. This protects the seller by assuring either payment for the goods, or their return. COD also protects the purchaser who does not have to pay for the good until they are physically delivered. The transaction is usually facilitated by the delivery company, who collects the payment from the purchaser and remits it to the seller. The delivery company usually charges an extra fee for facilitating a COD transaction. At the time of delivery, the purchaser is given the option of paying by check, money order, certified check or, in some cases, credit card. Ironically, most delivery companies in the United States will not accept cash for cash on delivery shipments. This policy was adopted to protect drivers from robbery.Another limitation on COD is that many delivery companies cap the amount of the transaction. For instance, UPS will not ship COD packages over $50,000. COD is not used very often in developed countries, as the prevalence of credit has replaced the need for selling goods via COD. But COD is still popular in less developed countries where credit is not readily available. 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Cash in advance, on the other hand, is when payment is made before the goods or services are shipped—for example, an ecommerce credit transaction.<\/p>" } } , { "@type": "Question", "name": "How Does Cash on Delivery Work?", "acceptedAnswer": { "@type": "Answer", "text": "<p>Buyers place an order, for example, on a website and request delivery. The customer does not make payment while ordering the item and chooses cash on delivery as a payment method. Once the order is placed, an invoice is prepared by the seller, which is attached to the parcel.<\/p><p>The parcel is shipped from the seller to the address provided by the customer. The customer pays the deliverer or shipper using cash or card. The COD amount is then deposited into the account of the logistics partner or shipper. The logistics company remits the amount to the seller’s account after deducting the handling charges.<\/p>" } } , { "@type": "Question", "name": "What Are Examples of Cash on Delivery?", "acceptedAnswer": { "@type": "Answer", "text": "<p>Examples of cash on delivery are when customers pay for a pizza that is delivered to their home, when a courier delivers something that a customer has agreed to pay for when it is delivered, or when a customer picks up clothing from the dry cleaning store. 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data-tracking-container="true"><div class="loc article-left-rail"><div id="sticky-toc-wrapper_1-0" class="comp sticky-toc-wrapper mntl-block js-sticky-container"><div id="sticky-toc_1-0" class="comp sticky-toc mntl-sticky-toc mntl-block sticky-toc-widget" data-desktop-bp="70em"><div id="toc-wrapper_1-0" class="comp toc-wrapper mntl-toc mntl-block" data-offset="60" data-tracking-container="true"><div id="mntl-toc__inner_1-0" class="comp mntl-toc__inner mntl-block"><div id="mntl-toc__heading_1-0" class="comp mntl-toc__heading mntl-block js-toc-toggle"><span id="mntl-toc__heading-text_1-0" class="comp mntl-toc__heading-text mntl-text-block">Table of Contents</span> <div id="mntl-toc-toggle_1-0" class="comp mntl-toc-toggle mntl-block"><button id="mntl-toc-toggle__btn_1-0" class="comp mntl-toc-toggle__btn mntl-text-block js-mntl-toc-toggle" data-collapsed-text="Expand" data-expanded-text="Collapse">Expand</button></div></div> <div id="mntl-toc__mobile-toggle_1-0" class="comp mntl-toc__mobile-toggle mntl-block js-sticky-toggle"><span id="mntl-toc__heading-text_2-0" class="comp mntl-toc__heading-text mntl-text-block">Table of Contents</span> <svg class="icon icon-drawer-arrow " > <use xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="#icon-drawer-arrow" href="#icon-drawer-arrow"></use> </svg></div> <ul id="mntl-toc__list_1-0" class="comp mntl-toc__list mntl-toc__list-heading expert-content"><li id="mntl-toc__list-item_1-0" class="comp mntl-toc__list-item mntl-block"><div id="mntl-toc__list-item-heading_1-0" class="comp mntl-toc__list-item-heading mntl-block"><a href="#toc-what-is-cash-on-delivery-cod" rel="nocaes" class="mntl-toc__list-item-link mntl-text-link mntl-toc__list-item-link js-mntl-toc-link" id="mntl-toc__list-item-link_1-0" data-tracking-container="true" ><span class="link__wrapper">What Is Cash on Delivery (COD)?</span></a></div></li> <li id="mntl-toc__list-item_2-0" class="comp mntl-toc__list-item mntl-block"><div id="mntl-toc__list-item-heading_2-0" class="comp mntl-toc__list-item-heading mntl-block"><a href="#toc-understanding-cash-on-delivery-cod" rel="nocaes" class="mntl-toc__list-item-link mntl-text-link mntl-toc__list-item-link js-mntl-toc-link" id="mntl-toc__list-item-link_2-0" data-tracking-container="true" ><span class="link__wrapper">Understanding COD</span></a></div></li> <li id="mntl-toc__list-item_3-0" class="comp mntl-toc__list-item mntl-block"><div id="mntl-toc__list-item-heading_3-0" class="comp mntl-toc__list-item-heading mntl-block"><a href="#toc-advantages-and-disadvantages-of-cash-on-delivery" rel="nocaes" class="mntl-toc__list-item-link mntl-text-link mntl-toc__list-item-link js-mntl-toc-link" id="mntl-toc__list-item-link_3-0" data-tracking-container="true" ><span class="link__wrapper">Pros and Cons</span></a></div></li> <li id="mntl-toc__list-item_4-0" class="comp mntl-toc__list-item mntl-block"><div id="mntl-toc__list-item-heading_4-0" class="comp mntl-toc__list-item-heading mntl-block"><a href="#toc-cash-on-delivery-vs-cash-in-advance" rel="nocaes" class="mntl-toc__list-item-link mntl-text-link mntl-toc__list-item-link js-mntl-toc-link" id="mntl-toc__list-item-link_4-0" data-tracking-container="true" ><span class="link__wrapper">Cash on Delivery vs. Cash in Advance</span></a></div></li> <li id="mntl-toc__list-item_5-0" class="comp mntl-toc__list-item mntl-block"><div id="mntl-toc__list-item-heading_5-0" class="comp mntl-toc__list-item-heading mntl-block"><a href="#toc-what-is-the-meaning-of-cash-on-delivery" rel="nocaes" class="mntl-toc__list-item-link mntl-text-link mntl-toc__list-item-link js-mntl-toc-link" id="mntl-toc__list-item-link_5-0" data-tracking-container="true" ><span class="link__wrapper">FAQs</span></a></div></li> <li id="mntl-toc__list-item_6-0" class="comp mntl-toc__list-item mntl-block"><div id="mntl-toc__list-item-heading_6-0" class="comp mntl-toc__list-item-heading mntl-block"><a href="#toc-the-bottom-line" rel="nocaes" class="mntl-toc__list-item-link mntl-text-link mntl-toc__list-item-link js-mntl-toc-link" id="mntl-toc__list-item-link_6-0" data-tracking-container="true" ><span class="link__wrapper">The Bottom Line</span></a></div></li></ul></div></div></div></div> </div><div class="loc article-pre-content"><ul id="breadcrumbs_1-0" class="comp breadcrumbs mntl-breadcrumbs mntl-block" data-tracking-container="true"><li id="mntl-breadcrumbs__item_1-0" class="comp mntl-breadcrumbs__item mntl-block"><a href="https://www.investopedia.com/corporate-finance-and-accounting-4689821" rel="nocaes" class="mntl-text-link mntl-breadcrumbs__link" id="mntl-text-link_1-0" data-tracking-container="true" ><span class="link__wrapper">Corporate Finance</span></a></li> <li id="mntl-breadcrumbs__item_2-0" class="comp mntl-breadcrumbs__item mntl-block"><a href="https://www.investopedia.com/accounting-4689820" rel="nocaes" class="mntl-text-link mntl-breadcrumbs__link" id="mntl-text-link_2-0" data-tracking-container="true" ><span class="link__wrapper">Accounting</span></a></li></ul> <header id="article-header_1-0" class="comp article-header mntl-block right-rail__offset js-toc-appear"><h1 id="article-heading_1-0" class="comp article-heading mntl-text-block">Cash on Delivery (COD): What It Is and How It Works</h1> <div id="sponsorship-wrapper_1-0" class="comp sponsorship-wrapper mntl-block"></div> <div id="article-meta_1-0" class="comp article-meta mntl-block" data-tracking-container="true"><div id="finance-bylines_1-0" class="comp finance-bylines mntl-bylines"><div id="mntl-bylines__group_1-0" class="comp mntl-bylines__group mntl-block mntl-bylines__group--author"><div id="mntl-bylines__item_1-0" class="comp mntl-bylines__item mntl-attribution__item mntl-attribution__item--has-date"> <span class="mntl-attribution__item-descriptor">By</span> <div data-tooltip="Julie Young is an experienced financial writer and editor. She specializes in financial analysis in capital planning and investment management." tabindex="0" data-inline-tooltip="true"> <a href="https://www.investopedia.com/contributors/55088/" rel="nocaes" data-trigger-link="true" class="mntl-attribution__item-name" tabindex="-1" >Julie Young</a> <div id="mntl-author-tooltip_1-0" class="comp mntl-author-tooltip mntl-tooltip mntl-group"> <div class="mntl-author-tooltip__top "> <div class="mntl-author-tooltip__image-wrapper"> <div class="img-placeholder" style="padding-bottom:110.6%;"> <img data-src="https://www.investopedia.com/thmb/mXhdWFabeKfCxASsbBpywF3lMEk=/200x200/filters:no_upscale():max_bytes(150000):strip_icc()/profile_photo-5bfc2a3446e0fb0026012f81.png" width="200" height="200" data-srcset="https://www.investopedia.com/thmb/x2O8nZKGzw9oYDwSh8feVWhkMRI=/40x0/filters:no_upscale():max_bytes(150000):strip_icc()/profile_photo-5bfc2a3446e0fb0026012f81.png 40w, https://www.investopedia.com/thmb/BlsZ6Gq7DVnNC9-7Qx4FtsE_4wo=/58x0/filters:no_upscale():max_bytes(150000):strip_icc()/profile_photo-5bfc2a3446e0fb0026012f81.png 58w, https://www.investopedia.com/thmb/0F8FC_LFEX4gYrqvMzi-LzXsWN4=/76x0/filters:no_upscale():max_bytes(150000):strip_icc()/profile_photo-5bfc2a3446e0fb0026012f81.png 76w, https://www.investopedia.com/thmb/bn8dzCaGEDvZ161uoPKAZm39-QU=/94x0/filters:no_upscale():max_bytes(150000):strip_icc()/profile_photo-5bfc2a3446e0fb0026012f81.png 94w, https://www.investopedia.com/thmb/ocGUqWlv6xoI16A32oyZZs4XEYo=/112x0/filters:no_upscale():max_bytes(150000):strip_icc()/profile_photo-5bfc2a3446e0fb0026012f81.png 112w" data-sizes="80px" class="lazyload mntl-author-tooltip__image mntl-image universal-image__image" /> <noscript> <img src="https://www.investopedia.com/thmb/mXhdWFabeKfCxASsbBpywF3lMEk=/200x200/filters:no_upscale():max_bytes(150000):strip_icc()/profile_photo-5bfc2a3446e0fb0026012f81.png" width="200" height="200" class="img--noscript mntl-author-tooltip__image mntl-image universal-image__image" srcset="https://www.investopedia.com/thmb/x2O8nZKGzw9oYDwSh8feVWhkMRI=/40x0/filters:no_upscale():max_bytes(150000):strip_icc()/profile_photo-5bfc2a3446e0fb0026012f81.png 40w, https://www.investopedia.com/thmb/BlsZ6Gq7DVnNC9-7Qx4FtsE_4wo=/58x0/filters:no_upscale():max_bytes(150000):strip_icc()/profile_photo-5bfc2a3446e0fb0026012f81.png 58w, https://www.investopedia.com/thmb/0F8FC_LFEX4gYrqvMzi-LzXsWN4=/76x0/filters:no_upscale():max_bytes(150000):strip_icc()/profile_photo-5bfc2a3446e0fb0026012f81.png 76w, https://www.investopedia.com/thmb/bn8dzCaGEDvZ161uoPKAZm39-QU=/94x0/filters:no_upscale():max_bytes(150000):strip_icc()/profile_photo-5bfc2a3446e0fb0026012f81.png 94w, https://www.investopedia.com/thmb/ocGUqWlv6xoI16A32oyZZs4XEYo=/112x0/filters:no_upscale():max_bytes(150000):strip_icc()/profile_photo-5bfc2a3446e0fb0026012f81.png 112w" sizes="80px" /> </noscript> </div> </div> <a href="https://www.investopedia.com/contributors/55088/" rel="nocaes" class="finance-author-tooltip__link mntl-text-link " id="finance-author-tooltip__link_1-0" data-tracking-container="true" ><span class="link__wrapper">Full Bio</span></a> <div id="finance-author-tooltip__social_1-0" class="comp finance-author-tooltip__social finance-social-nav mntl-social-nav" data-tracking-container="true"> <ul class="social-nav__list"> <li class="social-nav__item social-nav__item--linkedin"> <a href="https://www.linkedin.com/in/julie-young-a7754612" target="_blank" rel="noopener nocaes" data-text="Follow" class="social-nav__link social-nav__link--linkedin" aria-label="Visit Julie Young's LinkedIn" > <svg class="icon icon-linkedin social-nav__icon" > <use xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="#icon-linkedin" href="#icon-linkedin"></use> </svg> </a> </li> <li class="social-nav__item social-nav__item--x"> <a href="https://twitter.com/julieyoung789" target="_blank" rel="noopener nocaes" data-text="Follow" class="social-nav__link social-nav__link--x" aria-label="Visit Julie Young's X" > <svg class="icon icon-x social-nav__icon" > <use xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="#icon-x" href="#icon-x"></use> </svg> </a> </li> </ul> </div> <div class="mntl-author-tooltip__bio"> Julie Young is an experienced financial writer and editor. She specializes in financial analysis in capital planning and investment management. </div> </div> <div class="mntl-author-tooltip__bottom"> <span class="mntl-author-tooltip__learn-more-text">Learn about our </span> <a href="/legal-4768893#editorial-policy" rel="nocaes" class="mntl-author-tooltip__learn-more-link" >editorial policies</a> </div> </div></div> </div> <div class="mntl-attribution__item-date">Updated June 13, 2024</div></div> <div id="mntl-bylines__group_2-0" class="comp mntl-bylines__group mntl-block mntl-bylines__group--finance_reviewer"><div id="mntl-bylines__item_2-0" class="comp mntl-bylines__item mntl-attribution__item "><svg class="icon reviewer-icon mntl-attribution__item-icon" > <use xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="#reviewer-icon" href="#reviewer-icon"></use> </svg> <span class="mntl-attribution__item-descriptor">Reviewed by</span> <div data-tooltip="Khadija Khartit is a strategy, investment, and funding expert, and an educator of fintech and strategic finance in top universities. She has been an investor, entrepreneur, and advisor for more than 25 years. She is a FINRA Series 7, 63, and 66 license holder." tabindex="0" data-inline-tooltip="true"> <a href="https://www.investopedia.com/khadija-khartit-4799776" rel="nocaes" data-trigger-link="true" class="mntl-attribution__item-name" tabindex="-1" >Khadija Khartit</a> <div id="mntl-author-tooltip_2-0" class="comp mntl-author-tooltip mntl-tooltip mntl-group"> <div class="mntl-author-tooltip__top "> <div class="mntl-author-tooltip__image-wrapper"> <div class="img-placeholder" style="padding-bottom:87.8%;"> <img data-src="https://www.investopedia.com/thmb/W2re2_rNx_MIW9RPQv9BMFNHVH4=/200x200/filters:no_upscale():max_bytes(150000):strip_icc()/Pic1-KhadijaKhartit-cc5b57fba2bd46ed87bdb3ddbcd2ef69.jpg" width="200" height="200" data-srcset="https://www.investopedia.com/thmb/73O8OK85htLSxhZKLYhuDUHvTD4=/40x0/filters:no_upscale():max_bytes(150000):strip_icc()/Pic1-KhadijaKhartit-cc5b57fba2bd46ed87bdb3ddbcd2ef69.jpg 40w, 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rel="nocaes" class="finance-author-tooltip__link mntl-text-link " id="finance-author-tooltip__link_2-0" data-tracking-container="true" ><span class="link__wrapper">Full Bio</span></a> <div id="finance-author-tooltip__social_2-0" class="comp finance-author-tooltip__social finance-social-nav mntl-social-nav" data-tracking-container="true"> <ul class="social-nav__list"> <li class="social-nav__item social-nav__item--linkedin"> <a href="https://www.linkedin.com/in/khadija-khartit-5799212/" target="_blank" rel="noopener nocaes" data-text="Follow" class="social-nav__link social-nav__link--linkedin" aria-label="Visit Julie Young's LinkedIn" > <svg class="icon icon-linkedin social-nav__icon" > <use xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="#icon-linkedin" href="#icon-linkedin"></use> </svg> </a> </li> <li class="social-nav__item social-nav__item--x"> <a href="https://twitter.com/khadijakhartit" target="_blank" rel="noopener nocaes" data-text="Follow" class="social-nav__link 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She has been an investor, entrepreneur, and advisor for more than 25 years. She is a FINRA Series 7, 63, and 66 license holder. </div> </div> <div class="mntl-author-tooltip__bottom"> <span class="mntl-author-tooltip__learn-more-text">Learn about our </span> <a href="/investopedia-financial-review-board-5076269" rel="nocaes" class="mntl-author-tooltip__learn-more-link" >Financial Review Board</a> </div> </div></div> </div></div> <div id="mntl-bylines__group_3-0" class="comp mntl-bylines__group mntl-block mntl-bylines__group--fact_checker"><div id="mntl-bylines__item_3-0" class="comp mntl-bylines__item mntl-attribution__item "><svg class="icon reviewer-icon mntl-attribution__item-icon" > <use xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="#reviewer-icon" href="#reviewer-icon"></use> </svg> <span class="mntl-attribution__item-descriptor">Fact checked by</span> <div data-tooltip="Vikki Velasquez is a researcher and writer who has managed, coordinated, and directed various community and nonprofit organizations. She has conducted in-depth research on social and economic issues and has also revised and edited educational materials for the Greater Richmond area." tabindex="0" data-inline-tooltip="true"> <a href="https://www.investopedia.com/vikki-velasquez-5198872" rel="nocaes" data-trigger-link="true" class="mntl-attribution__item-name" tabindex="-1" >Vikki Velasquez</a> <div id="mntl-author-tooltip_3-0" class="comp mntl-author-tooltip mntl-tooltip mntl-group"> <div class="mntl-author-tooltip__top "> <div class="mntl-author-tooltip__image-wrapper"> <div class="img-placeholder" style="padding-bottom:124.9%;"> <img data-src="https://www.investopedia.com/thmb/qsiqwN4603qvBBcEmwBBFAZ7h-8=/200x200/filters:no_upscale():max_bytes(150000):strip_icc()/vikki-velasquez-investopedia-portrait-1-18b989d75f1f4d6d9b5b3a47cb3ffc5f.jpg" width="200" height="200" data-srcset="https://www.investopedia.com/thmb/2MAPKlzGO0g-lGgA8r62RFY7SUs=/40x0/filters:no_upscale():max_bytes(150000):strip_icc()/vikki-velasquez-investopedia-portrait-1-18b989d75f1f4d6d9b5b3a47cb3ffc5f.jpg 40w, https://www.investopedia.com/thmb/c1V_ZkYoRIsfJVaqLtkxAvx0d1k=/58x0/filters:no_upscale():max_bytes(150000):strip_icc()/vikki-velasquez-investopedia-portrait-1-18b989d75f1f4d6d9b5b3a47cb3ffc5f.jpg 58w, https://www.investopedia.com/thmb/KzXZkUaBAJXhxwCqCFHJiDyYCic=/76x0/filters:no_upscale():max_bytes(150000):strip_icc()/vikki-velasquez-investopedia-portrait-1-18b989d75f1f4d6d9b5b3a47cb3ffc5f.jpg 76w, https://www.investopedia.com/thmb/aEKEdJTS3ejdVuQronY2vNA0c9o=/94x0/filters:no_upscale():max_bytes(150000):strip_icc()/vikki-velasquez-investopedia-portrait-1-18b989d75f1f4d6d9b5b3a47cb3ffc5f.jpg 94w, https://www.investopedia.com/thmb/FR5ru2FtvpNM8bJOThkEoWWEhhc=/112x0/filters:no_upscale():max_bytes(150000):strip_icc()/vikki-velasquez-investopedia-portrait-1-18b989d75f1f4d6d9b5b3a47cb3ffc5f.jpg 112w" data-sizes="80px" alt="Vikkie Velasquez" class="lazyload mntl-author-tooltip__image mntl-image universal-image__image" /> <noscript> <img src="https://www.investopedia.com/thmb/qsiqwN4603qvBBcEmwBBFAZ7h-8=/200x200/filters:no_upscale():max_bytes(150000):strip_icc()/vikki-velasquez-investopedia-portrait-1-18b989d75f1f4d6d9b5b3a47cb3ffc5f.jpg" width="200" height="200" class="img--noscript mntl-author-tooltip__image mntl-image universal-image__image" srcset="https://www.investopedia.com/thmb/2MAPKlzGO0g-lGgA8r62RFY7SUs=/40x0/filters:no_upscale():max_bytes(150000):strip_icc()/vikki-velasquez-investopedia-portrait-1-18b989d75f1f4d6d9b5b3a47cb3ffc5f.jpg 40w, https://www.investopedia.com/thmb/c1V_ZkYoRIsfJVaqLtkxAvx0d1k=/58x0/filters:no_upscale():max_bytes(150000):strip_icc()/vikki-velasquez-investopedia-portrait-1-18b989d75f1f4d6d9b5b3a47cb3ffc5f.jpg 58w, https://www.investopedia.com/thmb/KzXZkUaBAJXhxwCqCFHJiDyYCic=/76x0/filters:no_upscale():max_bytes(150000):strip_icc()/vikki-velasquez-investopedia-portrait-1-18b989d75f1f4d6d9b5b3a47cb3ffc5f.jpg 76w, https://www.investopedia.com/thmb/aEKEdJTS3ejdVuQronY2vNA0c9o=/94x0/filters:no_upscale():max_bytes(150000):strip_icc()/vikki-velasquez-investopedia-portrait-1-18b989d75f1f4d6d9b5b3a47cb3ffc5f.jpg 94w, https://www.investopedia.com/thmb/FR5ru2FtvpNM8bJOThkEoWWEhhc=/112x0/filters:no_upscale():max_bytes(150000):strip_icc()/vikki-velasquez-investopedia-portrait-1-18b989d75f1f4d6d9b5b3a47cb3ffc5f.jpg 112w" sizes="80px" alt="Vikkie Velasquez" /> </noscript> </div> </div> <div id="mntl-author-tooltip__name_2-0" class="comp mntl-author-tooltip__name mntl-attribution__item "><svg class="icon reviewer-icon mntl-attribution__item-icon" > <use xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="#reviewer-icon" href="#reviewer-icon"></use> </svg> <span class="mntl-attribution__item-descriptor">Fact checked by</span> <span id="mntl-author-tooltip__name_2-0" class="comp mntl-author-tooltip__name mntl-attribution__item mntl-attribution__item-name">Vikki Velasquez</span> </div> <a href="https://www.investopedia.com/vikki-velasquez-5198872" rel="nocaes" class="finance-author-tooltip__link mntl-text-link " id="finance-author-tooltip__link_3-0" data-tracking-container="true" ><span class="link__wrapper">Full Bio</span></a> <div id="finance-author-tooltip__social_3-0" class="comp finance-author-tooltip__social finance-social-nav mntl-social-nav" data-tracking-container="true"> <ul class="social-nav__list"> <li class="social-nav__item social-nav__item--linkedin"> <a href="https://www.linkedin.com/in/vikkivelasquez/" target="_blank" rel="noopener nocaes" data-text="Follow" class="social-nav__link social-nav__link--linkedin" aria-label="Visit Julie Young's LinkedIn" > <svg class="icon icon-linkedin social-nav__icon" > <use xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="#icon-linkedin" href="#icon-linkedin"></use> </svg> </a> </li> </ul> </div> <div class="mntl-author-tooltip__bio"> Vikki Velasquez is a researcher and writer who has managed, coordinated, and directed various community and nonprofit organizations. She has conducted in-depth research on social and economic issues and has also revised and edited educational materials for the Greater Richmond area. </div> </div> <div class="mntl-author-tooltip__bottom"> <span class="mntl-author-tooltip__learn-more-text">Learn about our </span> <a href="/legal-4768893#editorial-policy" rel="nocaes" class="mntl-author-tooltip__learn-more-link" >editorial policies</a> </div> </div></div> </div></div> </div></div></header> </div><div class="loc article-content"><div id="article__primary-video-container--jw_1-0" class="comp article__primary-video-container--jw mntl-block"><div id="article__primary-video--jw_1-0" class="comp article__primary-video--jw mntl-jwplayer mm-video lazyload right-rail__offset aspectratio-16:9" data-bgset="https://cdn.jwplayer.com/v2/media/a14mHn6l/poster.jpg?width=720" data-sizes="auto"> <video class="mntl-jwplayer__video lazyload" preload="none" data-poster="https://cdn.jwplayer.com/v2/media/a14mHn6l/poster.jpg?width=720"></video> </div></div> <div id="article-body_1-0" class="comp article-body mntl-block" data-contain-tooltips="true"><div id="mntl-sc-page_1-0" class="comp mntl-sc-page mntl-block article-body-content" data-sc-sticky-offset="80" data-sc-ad-label-height="0" data-sc-ad-track-spacing="90" data-sc-min-track-height="250" data-sc-max-track-height="600" data-sc-breakpoint="50em" data-sc-load-immediate="1" data-sc-content-positions="[300, 1, 1, 1250, 1, 1, 1, 1]" data-bind-scroll-on-start="true"><span class="heading-toc" id="toc-what-is-cash-on-delivery-cod"></span><h2 id="mntl-sc-block_1-0" class="comp mntl-sc-block finance-sc-block-heading mntl-sc-block-heading"> <span class="mntl-sc-block-heading__text"> What Is Cash on Delivery (COD)? </span> </h2> <p id="mntl-sc-block_2-0" class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html"> Cash on delivery (COD) is a type of transaction where the recipient pays for a good at the time of delivery rather than using credit. The terms and accepted forms of payment vary according to the payment provisions of the <a href="https://www.investopedia.com/terms/s/salesandpurchase.asp" data-component="link" data-source="inlineLink" data-type="internalLink" data-ordinal="1">purchase agreement</a>. </p> <div id="mntl-sc-block_3-0" class="comp mntl-sc-block mntl-sc-block-adslot mntl-block"></div> <p id="mntl-sc-block_4-0" class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html"> Cash on delivery is also referred to as “collect on delivery” since delivery may allow for cash, check, or electronic payment. </p> <div id="mntl-sc-block_5-0" class="comp mntl-sc-block mntl-sc-block-adslot mntl-block"></div> <div id="mntl-sc-block_6-0" class="comp mntl-sc-block finance-sc-block-callout mntl-block"><div id="mntl-sc-block_7-0" class="comp mntl-sc-block mntl-sc-block-callout mntl-block theme-whatyouneedtoknow" data-tracking-id="mntl-sc-block-callout" data-tracking-container="true"><h3 id="mntl-sc-block-callout-heading_1-0" class="comp mntl-sc-block-callout-heading mntl-text-block">Key Takeaways</h3> <div id="mntl-sc-block-callout-body_1-0" class="comp mntl-sc-block-callout-body mntl-text-block"><ul><li>Cash on delivery (COD) is when a recipient pays for a good or service at the time of delivery.</li><li>A COD transaction can take several forms, each affecting a company’s accounting.</li><li>COD shipping offers customers an advantage in that they have time to save and make a full payment.</li><li>Sellers receive faster payment for sales as long as the buyer accepts the goods.</li></ul></div></div></div> <figure id="mntl-sc-block_8-0" class="comp mntl-sc-block finance-sc-block-image mntl-sc-block-image mntl-sc-block-image--no-theme no-theme inline-image figure-landscape figure-high-res"> <div class="figure-media"> <div class="img-placeholder" style="padding-bottom:66.6%;"> <img data-src="https://www.investopedia.com/thmb/Nu-EDZsnhaXCQKmOZSr4z0FU6Hc=/1500x0/filters:no_upscale():max_bytes(150000):strip_icc()/DDM_INV_cash-on-delivery_final-1f00dbf605ab45f28669092ae189a361.jpg" width="1500" height="1000" data-srcset="https://www.investopedia.com/thmb/XcNJbC4u2g0TSdqpHDHpcs0tMxI=/750x0/filters:no_upscale():max_bytes(150000):strip_icc()/DDM_INV_cash-on-delivery_final-1f00dbf605ab45f28669092ae189a361.jpg 750w" data-sizes="750px" alt="Cash on Delivery" class="lazyload mntl-image mntl-image universal-image__image" data-expand="300" data-hi-res-src="https://www.investopedia.com/thmb/Nu-EDZsnhaXCQKmOZSr4z0FU6Hc=/1500x0/filters:no_upscale():max_bytes(150000):strip_icc()/DDM_INV_cash-on-delivery_final-1f00dbf605ab45f28669092ae189a361.jpg" id=mntl-sc-block-image_1-0 data-tracking-container="true" data-img-lightbox="true" data-click-tracked="true" /> <noscript> <img src="https://www.investopedia.com/thmb/Nu-EDZsnhaXCQKmOZSr4z0FU6Hc=/1500x0/filters:no_upscale():max_bytes(150000):strip_icc()/DDM_INV_cash-on-delivery_final-1f00dbf605ab45f28669092ae189a361.jpg" width="1500" height="1000" class="img--noscript mntl-image mntl-image universal-image__image" srcset="https://www.investopedia.com/thmb/XcNJbC4u2g0TSdqpHDHpcs0tMxI=/750x0/filters:no_upscale():max_bytes(150000):strip_icc()/DDM_INV_cash-on-delivery_final-1f00dbf605ab45f28669092ae189a361.jpg 750w" sizes="750px" alt="Cash on Delivery" /> </noscript> </div> </div> <figcaption id="mntl-figure-caption_1-0" class="comp mntl-figure-caption text-utility-100 figure-caption figure-article-caption"> <span class="figure-article-caption-owner"><p>Eliana Rodgers / Investopedia</p></span> </figcaption></figure> <span class="heading-toc" id="toc-understanding-cash-on-delivery-cod"></span><h2 id="mntl-sc-block_9-0" class="comp mntl-sc-block finance-sc-block-heading mntl-sc-block-heading"> <span class="mntl-sc-block-heading__text"> Understanding Cash on Delivery (COD) </span> </h2> <p id="mntl-sc-block_10-0" class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html"> A cash-on-delivery transaction can take different forms and may affect a company’s accounting differently. Public companies are required to use the <a href="https://www.investopedia.com/terms/a/accrualaccounting.asp" data-component="link" data-source="inlineLink" data-type="internalLink" data-ordinal="1">accrual accounting method</a> under <a href="https://www.investopedia.com/ask/answers/011915/what-kind-financial-reporting-requirements-does-gaap-set-out.asp" data-component="link" data-source="inlineLink" data-type="internalLink" data-ordinal="2">generally accepted accounting principles (GAAP)</a>. </p> <div id="mntl-sc-block_11-0" class="comp mntl-sc-block mntl-sc-block-adslot mntl-block"></div> <p id="mntl-sc-block_12-0" class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html"> With accrual accounting, a company recognizes revenue at the time of the transaction and records the payment in <a href="https://www.investopedia.com/terms/a/accountsreceivable.asp" data-component="link" data-source="inlineLink" data-type="internalLink" data-ordinal="1">accounts receivable</a> if the payment is deferred. Private companies can use either accrual or cash accounting. In cash accounting, the company must wait to record the transaction as revenue until payment is received. </p> <div id="mntl-sc-block_13-0" class="comp mntl-sc-block mntl-sc-block-adslot mntl-block"></div> <p id="mntl-sc-block_14-0" class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html"> If a customer is dealing with a merchant in person and the customer makes a purchase from readily available <a href="https://www.investopedia.com/terms/i/inventory.asp" data-component="link" data-source="inlineLink" data-type="internalLink" data-ordinal="1">inventory</a>, payment is collected at the time of sale as a form of cash on delivery. Under the accrual accounting method, this leads to a shorter accounts receivable period and higher efficiency. </p> <div id="mntl-sc-block_15-0" class="comp mntl-sc-block mntl-sc-block-adslot mntl-block"></div> <div id="mntl-sc-block_16-0" class="comp mntl-sc-block finance-sc-block-callout mntl-block"><div id="mntl-sc-block_17-0" class="comp mntl-sc-block mntl-sc-block-callout mntl-block theme-important" data-tracking-id="mntl-sc-block-callout" data-tracking-container="true"><h3 id="mntl-sc-block-callout-heading_2-0" class="comp mntl-sc-block-callout-heading mntl-text-block"></h3> <div id="mntl-sc-block-callout-body_2-0" class="comp mntl-sc-block-callout-body mntl-text-block"><p>If a company allows for COD shipping, it is willingly giving the customer more time to make a payment with somewhat less risk than a credit purchase.</p></div></div></div> <p id="mntl-sc-block_18-0" class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html"> For longer-term accounts receivable agreements, companies can set up COD shipping that allows the customer to defer payment until the time of delivery. On certain mail order platforms, such as <a href="https://www.investopedia.com/articles/markets/062315/fundamental-analysis-amazon-and-ebay.asp" data-component="link" data-source="inlineLink" data-type="internalLink" data-ordinal="1">eBay</a>, COD can be used to help minimize the risk of <a href="https://www.investopedia.com/terms/f/fraud.asp" data-component="link" data-source="inlineLink" data-type="internalLink" data-ordinal="2">fraud</a> between buyers and sellers. Overall, COD does not require payment from a purchaser until they have received their purchase. </p> <div id="mntl-sc-block_19-0" class="comp mntl-sc-block mntl-sc-block-adslot mntl-block"></div> <span class="heading-toc" id="toc-advantages-and-disadvantages-of-cash-on-delivery"></span><h2 id="mntl-sc-block_20-0" class="comp mntl-sc-block finance-sc-block-heading mntl-sc-block-heading"> <span class="mntl-sc-block-heading__text"> Advantages and Disadvantages of Cash on Delivery </span> </h2> <h3 id="mntl-sc-block_21-0" class="comp mntl-sc-block finance-sc-block-subheading mntl-sc-block-subheading"> <span class="mntl-sc-block-subheading__text"> Advantages </span> </h3> <p id="mntl-sc-block_22-0" class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html"> For many businesses, in-person COD facilitates the immediate payment of goods and services. This is a significant accounting advantage because it can greatly shorten the <a href="https://www.investopedia.com/terms/r/receivableturnoverratio.asp" data-component="link" data-source="inlineLink" data-type="internalLink" data-ordinal="1">days receivable</a> for a business. </p> <div id="mntl-sc-block_23-0" class="comp mntl-sc-block mntl-sc-block-adslot mntl-block"></div> <p id="mntl-sc-block_24-0" class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html"> COD typically has shorter <a href="https://www.investopedia.com/articles/trading/07/timeframes.asp" data-component="link" data-source="inlineLink" data-type="internalLink" data-ordinal="1">time frames to delivery</a> than standard <a href="https://www.investopedia.com/terms/i/invoice.asp" data-component="link" data-source="inlineLink" data-type="internalLink" data-ordinal="2">invoicing</a>. This is beneficial since the customer is required by an intermediary to pay at delivery. With COD shipping, customers have time to collect the money to make a full payment. </p> <div id="mntl-sc-block_25-0" class="comp mntl-sc-block mntl-sc-block-adslot mntl-block"></div> <p id="mntl-sc-block_26-0" class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html"> However, COD shipping increases the risk that a customer will not plan appropriately for payment and the purchase will have to be returned. Returned purchases do not contribute to revenues and even less to profit and do entail lost shipping costs, both of which are disadvantageous to the merchant and the customer experience. </p> <div id="mntl-sc-block_27-0" class="comp mntl-sc-block mntl-sc-block-adslot mntl-block"></div> <p id="mntl-sc-block_28-0" class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html"> For merchants, offering a COD payment option may enhance consumer confidence in a new company that has not yet earned strong <a href="https://www.investopedia.com/terms/b/brand-recognition.asp" data-component="link" data-source="inlineLink" data-type="internalLink" data-ordinal="1">brand recognition</a>. Generally, established companies are unwilling to assume the risks of COD shipping, opting for <a href="https://www.investopedia.com/terms/c/credit.asp" data-component="link" data-source="inlineLink" data-type="internalLink" data-ordinal="2">credit</a> payment plans that charge <a href="https://www.investopedia.com/terms/i/interest.asp" data-component="link" data-source="inlineLink" data-type="internalLink" data-ordinal="3">interest</a> and late payment fees. </p> <div id="mntl-sc-block_29-0" class="comp mntl-sc-block mntl-sc-block-adslot mntl-block"></div> <p id="mntl-sc-block_30-0" class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html"> However, in some cases, COD has an advantage over credit since the seller receives the full payment at delivery. COD can also help merchants avoid some risks of buyer identity fraud, stopped payments, or electronic card disputes. In some countries, such as India, cash-on-delivery transactions are boosting internet commerce. COD transactions appeal to consumers without established credit or alternative means for paying for goods. </p> <div id="mntl-sc-block_31-0" class="comp mntl-sc-block mntl-sc-block-adslot mntl-block"></div> <h3 id="mntl-sc-block_32-0" class="comp mntl-sc-block finance-sc-block-subheading mntl-sc-block-subheading"> <span class="mntl-sc-block-subheading__text"> Disadvantages </span> </h3> <p id="mntl-sc-block_33-0" class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html"> The cons of COD for businesses are that there is a greater risk that goods will be refused on delivery, and there are costs involved in returning items. For buyers, it may be more difficult to return items if they have already paid for them at delivery. A seller may be reluctant or under no obligation to accept returns, even if the consumer is unhappy with the goods. </p> <div id="mntl-sc-block_34-0" class="comp mntl-sc-block mntl-sc-block-adslot mntl-block"></div> <div id="mntl-sc-block_35-0" class="comp mntl-sc-block finance-sc-block-comparisonlist mntl-block"><div id="mntl-sc-block_36-0" class="comp mntl-sc-block mntl-sc-block-comparisonlist"> <div class="mntl-sc-block__wrapper mntl-sc-block-comparisonlist__wrapper"> <span class="mntl-sc-block__heading mntl-sc-block-comparisonlist__heading">Pros of Cash on Delivery</span> <ul class="mntl-sc-block__list mntl-sc-block-comparisonlist__list"> <li><p>The payment period is shorter than with other payment methods.</p></li> <li><p>The method provides some protection from customers who might fail to pay or pay late.</p></li> <li><p>Cash on delivery improves cash flow and budgeting.</p></li> <li><p>Consumers who do not have credit can buy products.</p></li> </ul> </div> <div class="mntl-sc-block__wrapper mntl-sc-block-comparisonlist__wrapper"> <span class="mntl-sc-block__heading mntl-sc-block-comparisonlist__heading">Cons of Cash on Delivery</span> <ul class="mntl-sc-block__list mntl-sc-block-comparisonlist__list"> <li><p>Risk of delivery refusal is greater.</p></li> <li><p>Returning items can be costly for sellers who lack return infrastructure and support.</p></li> <li><p>Buyers may find it difficult to return items that do not meet expectations.</p></li> </ul> </div> </div></div> <div id="mntl-sc-block_37-0" class="comp mntl-sc-block mntl-sc-block-adslot mntl-block"></div> <span class="heading-toc" id="toc-cash-on-delivery-vs-cash-in-advance"></span><h2 id="mntl-sc-block_38-0" class="comp mntl-sc-block finance-sc-block-heading mntl-sc-block-heading"> <span class="mntl-sc-block-heading__text"> Cash on Delivery vs. Cash in Advance </span> </h2> <p id="mntl-sc-block_39-0" class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html"> <a href="https://www.investopedia.com/terms/c/cashinadvance.asp" data-component="link" data-source="inlineLink" data-type="internalLink" data-ordinal="1">Cash in advance</a> differs from cash on delivery, as the buyer pays for the good or service before the product or service is delivered or shipped. Cash-in-advance payment methods, such as credit, are used to eliminate the seller’s <a href="https://www.investopedia.com/terms/c/creditrisk.asp" data-component="link" data-source="inlineLink" data-type="internalLink" data-ordinal="2">credit risk</a>, or the risk of nonpayment. The seller benefits from cash in advance, and the buyer risks receiving delayed or damaged goods or goods that are not as expected. Cash on delivery, on the other hand, has benefits for both the buyer and the seller. </p> <div id="mntl-sc-block_40-0" class="comp mntl-sc-block mntl-sc-block-adslot mntl-block"></div> <p id="mntl-sc-block_41-0" class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html"> For cash-on-delivery terms, goods are shipped before payment is made. For cash-in-advance terms, the seller requires the buyer to make the entire payment upfront in order to initiate the shipping process. This protects the seller from lost money for goods shipped without payment. </p> <div id="mntl-sc-block_42-0" class="comp mntl-sc-block mntl-sc-block-adslot mntl-block"></div> <p id="mntl-sc-block_43-0" class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html"> Cash in advance is the most common form of payment for online marketplaces, ecommerce, and <a href="https://www.investopedia.com/articles/investing/011916/brief-history-international-trade-agreements.asp" data-component="link" data-source="inlineLink" data-type="internalLink" data-ordinal="1">international business trade</a>. Whether a business chooses to use cash on delivery or cash in advance depends on its ability to assume risk. Larger businesses may offer cash in advance for buyers because their accounts receivable and collections processes are more advanced. </p> <div id="mntl-sc-block_44-0" class="comp mntl-sc-block mntl-sc-block-adslot mntl-block"></div> <div id="mntl-sc-block_45-0" class="comp mntl-sc-block finance-sc-block-questionandanswer mntl-sc-block-questionandanswer"><span class="heading-toc" id="toc-what-is-the-meaning-of-cash-on-delivery"></span> <h2 class="mntl-sc-block-questionandanswer__question">What Is the Meaning of Cash on Delivery?</h2> <div class="mntl-sc-block-questionandanswer__answer"><p>Cash on delivery is when a buyer pays for goods or services once they are received. Cash in advance, on the other hand, is when payment is made before the goods or services are shipped—for example, an ecommerce credit transaction.</p></div> </div> <div id="mntl-sc-block_46-0" class="comp mntl-sc-block mntl-sc-block-adslot mntl-block"></div> <div id="mntl-sc-block_47-0" class="comp mntl-sc-block finance-sc-block-questionandanswer mntl-sc-block-questionandanswer"><span class="heading-toc" id="toc-how-does-cash-on-delivery-work"></span> <h2 class="mntl-sc-block-questionandanswer__question">How Does Cash on Delivery Work?</h2> <div class="mntl-sc-block-questionandanswer__answer"><p>Buyers place an order, for example, on a website and request delivery. The customer does not make payment while ordering the item and chooses cash on delivery as a payment method. Once the order is placed, an invoice is prepared by the seller, which is attached to the parcel.</p><p>The parcel is shipped from the seller to the address provided by the customer. The customer pays the deliverer or shipper using cash or card. The COD amount is then deposited into the account of the logistics partner or shipper. The logistics company remits the amount to the seller’s account after deducting the handling charges.</p></div> </div> <div id="mntl-sc-block_48-0" class="comp mntl-sc-block mntl-sc-block-adslot mntl-block"></div> <div id="mntl-sc-block_49-0" class="comp mntl-sc-block finance-sc-block-questionandanswer mntl-sc-block-questionandanswer"><span class="heading-toc" id="toc-what-are-examples-of-cash-on-delivery"></span> <h2 class="mntl-sc-block-questionandanswer__question">What Are Examples of Cash on Delivery?</h2> <div class="mntl-sc-block-questionandanswer__answer"><p>Examples of cash on delivery are when customers pay for a pizza that is delivered to their home, when a courier delivers something that a customer has agreed to pay for when it is delivered, or when a customer picks up clothing from the dry cleaning store. Some online stores will allow cash on delivery.</p></div> </div> <div id="mntl-sc-block_50-0" class="comp mntl-sc-block mntl-sc-block-adslot mntl-block"></div> <span class="heading-toc" id="toc-the-bottom-line"></span><h2 id="mntl-sc-block_51-0" class="comp mntl-sc-block finance-sc-block-heading mntl-sc-block-heading"> <span class="mntl-sc-block-heading__text"> The Bottom Line </span> </h2> <p id="mntl-sc-block_52-0" class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html"> Cash on delivery is a payment option that has benefits for both buyers and sellers. For buyers without credit, COD is a convenient way to buy the things that they need. For sellers, as long as the goods are accepted on delivery, payment is quicker. Ultimately, the payment options that a seller provides depend on how much risk the seller is willing to assume and their capacity to handle complications such as returns and late payments. </p></div> <div id="textnote-placeholder_1-0" class="comp textnote-placeholder mntl-block"></div> <div id="textnote_1-0" class="comp textnote mm-ads-gpt-adunit gpt textnote "> <div id="textnote" class="wrapper" data-timed-refresh="30000" ></div> </div></div> </div><div class="loc article-post-content"><div id="performance-marketing_1-0" class="comp performance-marketing mntl-block "><div id="gam-ad-table_1-0" class="comp gam-ad-table ad-table mntl-block"></div></div> </div><div class="loc article-right-rail"><div id="mm-ads-right-rail_1-0" class="comp mm-ads-right-rail mntl-block"><div id="sc-billboard-group_1-0" class="comp sc-billboard-group mntl-block js-scads-inline-content"><div id="mntl-block_1-0" class="comp mntl-block"><div id="fin-billboard1-sticky-dynamic_1-0" class="comp fin-billboard1-sticky-dynamic mm-ads-sc-sticky-square scads-to-load right-rail__item" data-height="1050" style="height: 1050px;"><div id="mm-ads-sc-sticky-square-ad_1-0" class="comp mm-ads-sc-sticky-square-ad billboard1-dynamic mm-ads-dynamic-square mm-ads-gpt-dynamic-adunit mm-ads-gpt-adunit mm-ads-square gpt square dynamic"> <div id="square-flex-1" class="wrapper" data-timed-refresh="30000" data-type="square" data-pos="atf" data-priority="2" data-sizes="[[300, 250],[300, 600],[300, 1050],[160, 600]]" data-rtb="true" data-wait-for-third-party="false" data-targeting="{}"></div> </div></div></div> <div id="mntl-block_2-0" class="comp mntl-block"><div id="fin-billboard2-sticky-dynamic_1-0" class="comp fin-billboard2-sticky-dynamic mm-ads-sc-sticky-square scads-to-load right-rail__item" data-height="600" style="height: 600px;"><div id="mm-ads-sc-sticky-square-ad_2-0" class="comp mm-ads-sc-sticky-square-ad billboard2-dynamic mm-ads-dynamic-square mm-ads-gpt-dynamic-adunit mm-ads-gpt-adunit mm-ads-square gpt square dynamic"> <div id="square-flex-2" class="wrapper" data-timed-refresh="30000" data-type="square" data-pos="btf1" data-priority="3" data-sizes="[[300, 250],[300, 600],[300, 601],[160, 600], "fluid"]" data-rtb="true" data-wait-for-third-party="false" data-targeting="{}"></div> </div></div></div> <div id="mntl-block_3-0" class="comp mntl-block"><div id="fin-billboard3-sticky-dynamic_1-0" class="comp fin-billboard3-sticky-dynamic mm-ads-sc-sticky-square scads-to-load right-rail__item" data-height="600" style="height: 600px;"><div id="mm-ads-sc-sticky-square-ad_3-0" class="comp mm-ads-sc-sticky-square-ad billboard3-dynamic mm-ads-dynamic-square mm-ads-gpt-dynamic-adunit mm-ads-gpt-adunit mm-ads-square gpt square dynamic"> <div id="square-fixed" class="wrapper" data-timed-refresh="30000" data-type="square" data-pos="btf2" data-priority="5" data-sizes="[[300, 250],"fluid"]" data-rtb="true" data-wait-for-third-party="false" data-targeting="{}"></div> </div></div></div> <div id="mntl-block_4-0" class="comp mntl-block"><div id="native_1-0" class="comp native mm-ads-native " style="--native-ad-height: auto"><div id="mm-ads-native__adunit_1-0" class="comp mm-ads-native__adunit mm-ads-gpt-dynamic-adunit mm-ads-gpt-adunit scads-to-load gpt native dynamic"> <div id="native" class="wrapper" data-timed-refresh="30000" data-type="native" data-pos="native" data-priority="4" data-sizes="[[1, 3],"fluid"]" data-rtb="false" data-wait-for-third-party="false" data-targeting="{}"></div> </div></div> <div id="mid-bankingtable_1-0" class="comp mid-bankingtable finance-ad-table mm-ads-ad-table mntl-block dynamic-inline" data-ad-table="mid-bankingtable"><div id="mm-ads-ad-table__heading_1-0" class="comp mm-ads-ad-table__heading mntl-text-block">Open a New Bank Account</div> <div id="mm-ads-ad-table__disclosure_1-0" class="comp mm-ads-ad-table__disclosure mntl-block" data-tracking-container="true"><button id="mm-ads-ad-table__disclosure-label_1-0" class="comp mm-ads-ad-table__disclosure-label mntl-button"> Advertiser Disclosure </button> <div id="mm-ads-ad-table__disclosure-description_1-0" class="comp mm-ads-ad-table__disclosure-description mntl-block"><div id="mm-ads-ad-table__disclosure-close_1-0" class="comp mm-ads-ad-table__disclosure-close mntl-text-block">×</div> <div id="mm-ads-ad-table__disclosure-content_1-0" class="comp mm-ads-ad-table__disclosure-content mntl-text-block">The offers that appear in this table are from partnerships from which Investopedia receives compensation. This compensation may impact how and where listings appear. Investopedia does not include all offers available in the marketplace.</div></div></div> <div id="mm-ads-ad-table__content_1-0" class="comp mm-ads-ad-table__content mntl-block"><div id="mm-ads-ad-table-column_1-0" class="comp mm-ads-ad-table-column mm-ads-gpt-dynamic-adunit mm-ads-gpt-adunit gpt adtable dynamic"> <div id="mid-bankingtable1" class="wrapper" data-timed-refresh="30000" data-type="adtable" data-pos="mid-bankingtable1" data-priority="9" data-sizes="["fluid"]" data-rtb="false" data-wait-for-third-party="false" data-targeting="{}"></div> </div> <div id="mm-ads-ad-table-column_2-0" class="comp mm-ads-ad-table-column mm-ads-gpt-dynamic-adunit mm-ads-gpt-adunit gpt adtable dynamic"> <div id="mid-bankingtable2" class="wrapper" data-timed-refresh="30000" data-type="adtable" data-pos="mid-bankingtable2" data-priority="9" data-sizes="["fluid"]" data-rtb="false" data-wait-for-third-party="false" data-targeting="{}"></div> </div> <div id="mm-ads-ad-table-column_3-0" class="comp mm-ads-ad-table-column mm-ads-gpt-dynamic-adunit mm-ads-gpt-adunit gpt adtable dynamic"> <div id="mid-bankingtable3" class="wrapper" data-timed-refresh="30000" data-type="adtable" data-pos="mid-bankingtable3" data-priority="9" data-sizes="["fluid"]" data-rtb="false" data-wait-for-third-party="false" data-targeting="{}"></div> </div></div></div></div> <div id="mntl-block_5-0" class="comp mntl-block"><div id="fin-billboard4-sticky-dynamic_1-0" class="comp fin-billboard4-sticky-dynamic mm-ads-sc-sticky-square scads-to-load right-rail__item" data-height="600" style="height: 600px;"><div id="mm-ads-sc-sticky-square-ad_4-0" class="comp mm-ads-sc-sticky-square-ad billboard4-dynamic mm-ads-dynamic-square mm-ads-gpt-dynamic-adunit mm-ads-gpt-adunit mm-ads-square gpt square dynamic"> <div id="square-fixed" class="wrapper" data-timed-refresh="30000" data-type="square" data-pos="btf3" data-priority="6" data-sizes="[[300, 250],"fluid"]" data-rtb="true" data-wait-for-third-party="false" data-targeting="{}"></div> </div></div></div> <div id="mntl-block_6-0" class="comp mntl-block"><div id="fin-billboard5-sticky-dynamic_1-0" class="comp fin-billboard5-sticky-dynamic mm-ads-sc-sticky-square scads-to-load right-rail__item" data-height="600" style="height: 600px;"><div id="mm-ads-sc-sticky-square-ad_5-0" class="comp mm-ads-sc-sticky-square-ad billboard5-dynamic mm-ads-dynamic-square mm-ads-gpt-dynamic-adunit mm-ads-gpt-adunit mm-ads-square gpt square dynamic"> <div id="square-fixed" class="wrapper" data-timed-refresh="30000" data-type="square" data-pos="btf4" data-priority="7" data-sizes="[[300, 250],"fluid"]" data-rtb="true" data-wait-for-third-party="false" data-targeting="{}"></div> </div></div></div> <div id="mntl-block_7-0" class="comp mntl-block"><div id="fin-billboard6-sticky-dynamic_1-0" class="comp fin-billboard6-sticky-dynamic mm-ads-sc-sticky-square scads-to-load right-rail__item" data-height="600" style="height: 600px;"><div id="mm-ads-sc-sticky-square-ad_6-0" class="comp mm-ads-sc-sticky-square-ad billboard6-dynamic mm-ads-dynamic-square mm-ads-gpt-dynamic-adunit mm-ads-gpt-adunit mm-ads-square gpt square dynamic"> <div id="square-fixed" class="wrapper" data-timed-refresh="30000" data-type="square" data-pos="btf5" data-priority="8" data-sizes="[[300, 250],"fluid"]" data-rtb="true" data-wait-for-third-party="false" data-targeting="{}"></div> </div></div></div> <div id="mntl-block_8-0" class="comp mntl-block"><div id="fin-billboard7-sticky-dynamic_1-0" class="comp fin-billboard7-sticky-dynamic mm-ads-sc-sticky-square scads-to-load right-rail__item" data-height="600" style="height: 600px;"><div id="mm-ads-sc-sticky-square-ad_7-0" class="comp mm-ads-sc-sticky-square-ad billboard7-dynamic mm-ads-dynamic-square mm-ads-gpt-dynamic-adunit mm-ads-gpt-adunit mm-ads-square gpt square dynamic"> <div id="square-fixed" class="wrapper" data-timed-refresh="30000" data-type="square" data-pos="btf6" data-priority="9" data-sizes="[[300, 250],"fluid"]" data-rtb="true" data-wait-for-third-party="false" data-targeting="{}"></div> </div></div></div> <div id="mntl-block_9-0" class="comp mntl-block"></div> <div id="mntl-block_10-0" class="comp mntl-block"></div> <div id="mntl-block_11-0" class="comp mntl-block"></div></div></div> </div></article> <div id="related-recirc-section_1-0" class="comp related-recirc-section mntl-block" data-tracking-container="true"><div id="slot-1_1-0" class="comp slot-1 related-recirc-section--terms mntl-block" data-tracking-container="true"><div id="related-terms_1-0" class="comp related-terms mntl-block"><div id="related-terms__heading_1-0" class="comp related-terms__heading mntl-text-block">Related Terms</div> <div id="related-terms__list_1-0" class="comp related-terms__list mntl-block"><div id="relates-terms__content_1-0" class="comp relates-terms__content mntl-block"><a href="https://www.investopedia.com/terms/s/section-179.asp" rel="nocaes" class="related-terms__title mntl-text-link " 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