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If i provide details of bank account but don't have a debit card for that account can the company take any money from that account without setting up a direct debit?
Yes. A debit card is not related to a direct debit. A direct debit is your authorisation to your bank to pay whatever amount is requested by whomever the direct debit is in favour of.... a utility company, a service provider or other business.... on a regular basis, usually monthly or yearly. A debit card is a way of paying for individual transactions, on the spot, without using cash. The total can be deducted from your account when the card is processed by the trader.
What is a BB batch debit memo?
if you bank with wachovia, its a transfer to your way2save account.
How the direct debit payment system works?
A direct debit payment solution is simply a financial transaction in which one person withdraws funds from another person's bank account. Formally, the person who directly draws the funds instructs the bank to collect (i.e. debit) an amount directly from another's bank account - and then pay those funds into a bank account designated by the payee. Direct Debit is an agreement between yourself and your bank, which authorizes the bank to allow an organization to collect a regular or irregular payment from your account. It is actually managing your funds better!
What is the journal entry when the owner transfers cash from a personal bank account to an account to be used for business?
debit- cash transfer to the account / credit- owner capital
What is the real meaning of credit and debit?
"Credit" and "Debit" are accounting terms. In short, a credit is an addition to the account in question while a debit is a withdrawl or transfer. Depending on the specific use of each there can be a bit more detail.
Can you explain what a debit card transfer to your bank account is?
A debit card transfer to your bank account is when you move money from your debit card to your bank account. This allows you to access the funds in your bank account using your debit card.
Can I transfer money to a debit card?
Yes, you can transfer money to a debit card from your bank account or through a money transfer service.
Can you transfer cash to a debit card?
Yes, you can transfer cash to a debit card by depositing money into your bank account linked to the debit card.
Can you transfer money to a debit card?
Yes, you can transfer money to a debit card from a bank account or another source.
Can you explain how a debit card transfer to a bank account works?
A debit card transfer to a bank account works by electronically moving money from your debit card to your bank account. When you initiate the transfer, the funds are deducted from your debit card balance and added to your bank account balance. This process is usually quick and convenient, allowing you to access your money easily.
How can I transfer money from my debit card to my bank account?
To transfer money from your debit card to your bank account, you can use online banking, mobile banking apps, or visit your bank's branch or ATM to make a transfer. You will need to link your debit card to your bank account and follow the instructions provided by your bank to complete the transfer.
Can you transfer a balance to a debit card?
No, you cannot transfer a balance to a debit card. Debit cards are linked to your checking account and do not have a balance that can be transferred from another source.
Can you explain what a debit card transfer is and how it works?
A debit card transfer is when money is moved from one bank account to another using a debit card. This can be done at an ATM, online, or in person at a bank. The cardholder enters the amount to transfer and the receiving account information, and the money is deducted from the sender's account and deposited into the recipient's account.
How can I transfer a balance to my debit card?
To transfer a balance to your debit card, you can typically do so by linking your debit card to a payment platform or service, such as PayPal or Venmo, and initiating a transfer from your bank account to your debit card. You may also be able to transfer a balance directly from another account to your debit card through your bank's online banking portal or mobile app.
How can I transfer money to a debit card?
To transfer money to a debit card, you can use online banking, mobile banking apps, or visit a bank branch to make a transfer from your bank account to the debit card.
If i provide details of bank account but don't have a debit card for that account can the company take any money from that account without setting up a direct debit?
Yes. A debit card is not related to a direct debit. A direct debit is your authorisation to your bank to pay whatever amount is requested by whomever the direct debit is in favour of.... a utility company, a service provider or other business.... on a regular basis, usually monthly or yearly. A debit card is a way of paying for individual transactions, on the spot, without using cash. The total can be deducted from your account when the card is processed by the trader.
Fraud direct debit on your bank account what do i do?
Call up your bank, file dispute charges against the direct debit. Most likely they will give you a new bank account number.
