4 ms·
Most tutorials for financial services are written for bank account users. People refer to their bank account colloquially as a "debit account" and "credit acco
by gunnaraasen 3y ago
Most tutorials for financial services are written for bank account users.
People refer to their bank account colloquially as a "debit account" and "credit account" because those are the types of accounts offered to them by a bank. From the bank's perspective, a consumer debit account is (correctly) considered a "debit" since any money deposited into the account by the account owner is an asset for the bank.