Bank debits

Bank debits are transactions that reduce the balance in a customer's account at a bank. Larger debits are usually associated with checks written by a bank customer to a payee, or withdrawals directly made by a customer from their own account. Smaller debits can be associated with the imposition of bank fees, such as:

  • Check printing fee

  • Check processing fee

  • Deposit processing fee

  • Foreign transaction fee

  • Minimum balance fee

  • Monthly maintenance fee

  • NSF fee

  • Paper statement fee

Related Courses

Corporate Cash Management 
How to Audit Cash