Is a deposit a debit or credit?

Answer A deposit is a credit to the account of the person or company receiving the deposit. A deposit can be a debit if money is drawn (debited) from one bank account and deposited (credited) into another... Read More »

Top Q&A For: Is a deposit a debit or credit

Why didn't my bank credit my deposit How long does a deposit from Nigeria take?

Yeah, go ahead and send me that account number... I'll look into it for you.PS: Oh yeah, I'll need the routing number, your zip code, and the last 4 digits of your social as well.Edit: Thanks, Mike... Read More »

Can I deposit my tax rebate to my Visa debit card?

You can have the Internal Revenue Service directly deposit your rebate to your Visa debit card so long as you have it linked to a bank account, according to the IRS website. Actually, the IRS prefe... Read More »

Can a bank debit card be overdrafted without deposit?

On One Hand: Flexible Overdraft OptionsOverdraft coverage is available on many checking accounts without the need for a deposit. The exact policies of this coverage can vary from bank to bank. Many... Read More »

How to Get Approved for a Credit Card With Bad Credit by Paying a Deposit?

If you are struggling with debt or simply just bad credit, your options for financing are limited. Most major lenders will not lend to consumers with poor credit, and nearly all local credit unions... Read More »