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 ?
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.
Burgan Bank's customers can now benefit from the 30% discount on all skin care and dental treatments when using any of Burgan Bank debit or credit cards at one of the leading dental and medical clinics in Kuwait.
The extension of the deal would allow customers and small merchants to cash out funds held in their PayPal accounts to a MasterCard-linked bank debit card.
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.
The campaign highlights the fact that Commercial Bank debit cards conveniently eliminate the need to carry cash and can be used for a wide range of everyday transactions both at home and when travelling," Commercial Bank said.
Times Internet, the digital arm of The Times of India group, and HDFC Bank Ltd, have launched an exclusive co-branded debit card Times Points HDFC Bank Debit Card'.
Elaborating on the campaign, Mohsin Aikal, Head of Consumer Finance, Noor Bank said, "We are pleased to launch this campaign, which will reward our customers for using their Noor Bank debit or credit card overseas during this holiday period.
This new feature will add unprecedented dimensions of flexibility and protection in the use of Riyad Bank debit cards along with unlimited global acceptance.
Most bank debit cards levy fees of up to PS5 for purchases and cash withdrawals, plus a currency conversion fee of up to 2.
IMM markets a US issued prepaid debit card that is uniquely affiliated with a distinctly independent foreign bank debit card, allowing money to be transferred to the foreign country via a "person-to-person" conveyance.