Bank Debit

Bank Debit

A reduction in the amount of one's bank account. While this technically could apply to any withdrawal, the term is used especially to refer automatic withdrawals made regularly with the account holder's permission. For example, one may allow for bank debits to pay one's car insurance bill each month. The account holder must explicitly authorize bank debits in order to prevent abuse.
References in periodicals archive ?
Axis bank debit and credit card users can purchase the OnePlus 7 and the OnePlus 7 Pro, and avail an instant discount of up to Rs 2,000.
Burgan Bank debit, prepaid and credit cards accommodate customers' different needs with flexibility and convenience for all financial transactions.
Founded in 2012, GoCardless has created a global bank debit network to rival credit and debit cards, as well as a platform designed to take invoice, subscription, membership and installment payments.
Noor Bank debit and credit card customers can download the Noor Bank Infinity Treats app from the Google Play Store or Apple App Store to benefit from unlimited buy one, get one free deals, discounts and other offers on dining, entertainment and more at over 1,000 locations across the UAE.
Potential subscribers (customers) simply need to visit website and avail the product through bank debit or credit cards instantly online at company website.
The system operates using only national ID numbers and/or bank debit cards.
Using the ePort G9, unattended retail businesses in Canada can expand their payment acceptance options by providing consumers with the ability to use their Interac Flash-enabled bank debit cards when making purchases.
The service, launched in March 2017, was designed to give customers more control of their Ally Bank debit card by accessing a secure phone app associated with their bank accounts.
Customers will be able to make payment for fuel at Woqod stations by using their bank debit or credit cards from Thursday, February 1.
His bank debit card was also stolen and used to withdraw cash.
MCB Institutional Sales Head Ali Raza said that under the three month campaign, MCB Bank debit and credit card holders will benefit from specially reduced fares on airline tickets booked online.
Ali Raza (Head - Institutional Sales, MCB) briefed the audience that under the three month campaign, MCB Bank debit and credit card holders will benefit from specially reduced fares on airline tickets booked online.