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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
What else can I help you with?
What does dda gl credit mean?
DDA=Demand Deposit Account....(ex, checking account, savings account, etc) GL=General Ledger.... Credit=Positive Entry, Entry going -in-, opposite of debit....
What does debit DDA mean?
DDA stands for Demand Deposit Account. It is your deposit account. A term used widely in payments industry
What does dda mean in ATM transfer to dda number?
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.
What is Dda deposit?
A DDA deposit refers to a "Demand Deposit Account" deposit, which is a type of bank account that allows for withdrawals and deposits at any time without any advance notice. These accounts typically include checking accounts, where funds can be accessed using checks, debit cards, or electronic transfers. DDA deposits are considered highly liquid since account holders can easily access their funds. They usually earn little to no interest compared to savings accounts.
Does debit mean taking out subtracting from a checking account?
18,000
What account is credited when a debit card is used to pay cash on account?
It is your checking account , but it is debited, not credited.
What is a debit to your checking account?
A Debit is a transaction wherein money is debited or withdrawn or taken out from your bank account.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
What is a debit and how do you get one?
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.
How can a person have a DDA account But no checking account?
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.
How can you access money in a checking account?
You can access money in a checking account by using a debit card, writing a check, or making an online transfer.
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 is dda debit checking via 1llg?
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.
