A
"debit account" refers to a type of bank account where the money comes out of the account when you make a purchase or withdrawal. It is the opposite of a credit account, where you borrow money to make purchases and pay it back later. With a
debit account, the funds are immediately deducted from your account balance.
Full definition
Synonyms for individual words can be found below.
«debit»
«account»
Sentences with «debit account»
- They will ask permission to automatically debit the account for the monthly payment. (growingfamilybenefits.com)
- Using continuous payment authority, the repayments will come out of the customer's debit account automatically on their specific pay date. (wizzcash.com)
- If two attempts to collect the money were unsuccessful, the lender could not make any more attempts to debit the account without authorization from the borrower. (debt.org)
- (see all
sentences)