A "debit" is a subtraction and "DDA" means checking account. You should contact your bank directly for information about exactly WHY your account was debited, but here are some possible reasons:
- You requested a transfer to another account from your checking account, and a DDA debit form was used to complete the transfer
- You are overdrafted on another account or owe the bank money and they have recollected their loss by debiting your checking account
- You deposited checks and totaled them wrong on the deposit slip, so the bank has made an adjustment to reflect the correct total
- You are being charged for another reason, such as a returned check
DDA=Demand Deposit Account....(ex, checking account, savings account, etc) GL=General Ledger.... Credit=Positive Entry, Entry going -in-, opposite of debit....
DDA stands for Demand Deposit Account. It is your deposit account. A term used widely in payments industry
DDA stands for demand deposit account. It is a bank account in which you can deposit and withdraw money. A form of a demand deposit account is a checking account.
18,000
It is your checking account , but it is debited, not credited.
A Debit is a transaction wherein money is debited or withdrawn or taken out from your bank account. For Ex: You use your ATM card to withdraw money from an ATM, this transaction will be reflected as Debit in your account because you have taken money from your account
A debit is what occurs when you reduce a credit balance in a liability account such as a checking account. A debit can occur using a debit card, endorsed check, ATM withdrawl or withdrawl for the bank teller.
i was wondering bout the same thing at first til i asked. it still depends on the company youre working for. i myself dont have a checking account but get my pay as direct deposit. they wire it through my savings account instead.
debit card
debit card
They are one in the same with the exception that with cash you have the money in hand. Debit is a card that is linked to your checking account and you debit your money from your account but it is the same as cash in a store.
Its a legal order levy, from a creditor with a judgement or the IRS who are legally required to get a judgement and legal order before they levy your account, but they often just notify the bank and the bank turns over your money without a proper legal process.