Forum Discussion
MrWizard
Sep 15, 2014Moderator
i'm not a banker
but i know this much about accounting
if its checking, its deposits and checks
if its accountable
its deposits and debits/payables
even AUTO pay will list as a "DEBIT" on your account
the only thing that evers shows "withdrawal" is removing money from a savings account
no such thing as a withdrawal from a debit or credit card account
unless you are using the cash teller machine "ATM" to with draw cash from an account
anything auto paid is a DEBIT,
the OP's words were correct description
and they Don't take it, they bill it as an auto transaction and the bank Pays it
but i know this much about accounting
if its checking, its deposits and checks
if its accountable
its deposits and debits/payables
even AUTO pay will list as a "DEBIT" on your account
the only thing that evers shows "withdrawal" is removing money from a savings account
no such thing as a withdrawal from a debit or credit card account
unless you are using the cash teller machine "ATM" to with draw cash from an account
anything auto paid is a DEBIT,
the OP's words were correct description
and they Don't take it, they bill it as an auto transaction and the bank Pays it
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