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Is bank overdraft credited or debited?

It is a debit and taken out of your account.


Why bank account is debited when commission is received?

commission is an asset


What happens when money is deposited in account is it credited or debited?

deposited money is credited to your concern bank account


When using a bank card in a shop is your bank account debited immediately?

In most cases yes, but it depends on the retailer and the bank.


How central bank of nigeria controls other commercial banks?

central bank control other bank by giving them loan and it debited their account.


How can you receive online payments without a bank account?

Online payments must go to a bank account. Using a routing number for the bank being used and the account for which it is being placed.


What is a uncredited check?

these are the cheques that has been presented to the bank but still they are under process by the bank. The customer account has been debited already.


How do i cancel the first and all payments to be debited from my account?

Call and send a cacellation letter to debitor, and or get a new account number from bank.


How long does it take for a cheque to clear in a Halifax bank account?

It depends on where you write it or where the person you gave it to cashes it. With electronic processing, funds may be debited from your account anywhere from immediately to 48 hours afterwards. If presented in person at the bank it was drawn on for cashing, funds are immediately debited.


When prepayment is made which account is debited?

When a prepayment is made, the account that is debited is typically the "Prepaid Expenses" account. This reflects the asset created by paying for goods or services in advance. The corresponding credit is usually made to the cash or bank account, indicating a reduction in cash due to the prepayment.


Is it legal to have a Canadian Bank account without being Canadian?

Canadian banks require that you visit the bank there in order to open an account


What does Adjustment reversal from Chase bank mean?

It means that Chase reversed an adjustment that they previous debited or credited to your account.