debit : Definition, Usages, News and More

Search Words


de bit

  • n  an accounting entry acknowledging sums that are owing
  • v  enter as debit

  • Because debit cards deduct money directly from the cardholder's bank account, it's not possible to pile up debt like you can with a credit card.
  • The banks say that being threatened with legislation had no impact on their decisions to make annoying debit card overdraft fees slightly less annoying.
  • Pay-O-Matic, which operates 100 outlets in New York City, recently launched a debit card that earns 3% annual interest on the unused balance.
News & Articles

  • Pros and cons of prepaid debit cards
    Prepaid debit card use is exploding. They're now the fastest growing payment method. Americans spent about $37 billion on prepaid debit cards last year -- double the amount from 2009, according to the Network Branded Prepaid Card Association.
    June 22, 2013 -
  • Police: Man charged $700 on stolen debit card
    A 21-year Bryan resident is facing four charges of debit card abuse after a woman reported unauthorized charges on her card.
    June 22, 2013 - The Bryan-College Station Eagle
  • McDonald’s Debit Card Lawsuit Causes Parent Company To Back Away
    The McDonald’s debit card lawsuit has finally sparked a response from the McDonald’s parent company. In recent days, there has been a wave of bad publicity after an employee filed a lawsuit alleging that she was forced to use a fee-laden debit card to receive her pay — causing her to lose much of her... Read more » McDonald’s Debit Card Lawsuit Causes Parent Company To Back Away is a post from ...
    June 19, 2013 - The Inquisitr

  • Paul Maskey in BBC News
    We found that the NIHE has been very slow to introduce measures designed to maximise rental income,Mr Maskey said. "For example, a direct debit facility will not be in place for rent payments until 2010."
  • Charlie McCreevy in Xinhua
    The SEPA Direct Debit scheme is one of the key elements in establishing a single euro payment area. It offers enormous potential for individuals and businesses to manage cross frontier payments on the basis of a single bank account,said...

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