Bank Balance of Debit and Credit
This query is : Resolved
Dhirajlal Rambhia
(Expert)
20 October 2024
When a customer withdraws more money than is available in their overdraft/ loan account, resulting in a negative balance.
Deductions for bank fees, service charges, or penalties can lead to a debit balance.
If a deposited check bounces or is rejected, the bank may deduct the amount from the account, causing a debit balance.
Deductions for bank fees, service charges, or penalties can lead to a debit balance.
If a deposited check bounces or is rejected, the bank may deduct the amount from the account, causing a debit balance.
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