0
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.
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
What is a counter debit?
A counter debit is a transaction whereby one receives cash at the bank counter, usually by using a debit card.
Is prepaid insurance a debit or credit?
Debit
Is drawing debit or credit?
its debit.
What are the differences between cash and debit cards?
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.
What are the advantages of having an American Express debit card?
When one spends money on one's American Express debit card at certain retailers that are affiliated with the American Express loyalty programme, one may receive cashback as well as special discounts. Since the debit card is tied to one's bank account, one's spending is kept in check as well.
What is a counter debit?
A counter debit is a transaction whereby one receives cash at the bank counter, usually by using a debit card.
How can one compare debit cards?
This is how one can compare debit cards. Choose first which debit cards are being compared with each other. Then, one must check with the banks to find out about the features and perhaps, terms and conditions to follow while using those debit cards.
Can you use SBI debit card as international money order card?
i want to use my sbi international debit card in uae where and which bank can i use it
How can one obtain a Paypal debit card?
One can obtain a Paypal debit card from the actual PayPal website or from online stores such as Amazon. One can also go to a local grocery store to purchase such a debit card.
Where can one apply for a payroll debit card?
One can apply for a payroll debit card from many different card companies. Netspend is a company that offers debit cards which can be loaded via direct deposit.
Where can one obtain free debit cards?
There are a number of ways one can obtain free debit cards. Most banks offer free debit cards when one opens an account with their business. They can be offered at banks like CIBC and BMO.
Where can one obtain a Visa debit card?
Many banks offer Visa debit cards. RBC and CIBC are some examples of banks that encourage the use of Visa debit cards. One major advantage of using a Visa debit card is the fact that it can be used overseas.
What is one advantage of a debit card compared to a credit card?
One advantage of a debit card compared to a credit cards is that with debit card you will not be heavily indebted because your purchases are directly charged to your checking account.
What is a deferred debit card?
A "deferred" debit card is a debit card that debits purchases once a month as oppose to one to two days after a purchase. Generally Deferred debit cards are issued in conjunction with a brokerage account.
Is Patents a credit or debit?
Debit, assuming you're BUYING a patent. Credit, if you have RECEIVED one from another company, or if you have received royalties or other income from one.
Is a visa debit card better than other debit cards?
A Visa debit card is similar to other debit cards. However, it can be used worldwide and is a fast alternative to cash or checks. Therefore, if travel is one of your pasttimes, Visa would be the perfect debit card.
Is prepaid insurance a debit or credit?
Debit
