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We've provided simple definitions for industry jargon. If you can't find the term you need in our Top 20 list, click on the first letter of the word or phrase from the alphabet below.

Other accounts D terms:

Debit card

A card that allows you to pay for goods in shops and withdraw money at cash machines. Unlike a credit card, which builds up a balance that you should pay off each month, a debit card takes the money from your current account as and when you spend.

Deposit

Making a deposit is the process of paying cash and cheques into your account.

Direct Debit

A godsend for the more forgetful among us. Direct debit is a good way of paying regular bills and subscriptions that might otherwise slip your mind. You authorise the payees to take funds from your bank account - and they can adjust what they take as long as they give you notice. They give you a guarantee to protect you if any errors are made.

Back to top 20 Other accounts terms

Barclays Bank PLC. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register number: 122702). Barclays Bank PLC subscribes to the Lending Code which is monitored and enforced by the Lending Standards Board. Further details can be found at www.lendingstandardsboard.org.uk. Barclays Insurance Services Company Limited is authorised and regulated by the Financial Conduct Authority (Financial Services Register number: 312078).

Barclays Bank PLC. Registered in England. Registered no. 1026167. Barclays Insurance Services Company Limited. Registered in England. Registered no. 973765. Registered office for both: 1 Churchill Place, London E14 5HP. ‘The Woolwich’ and ‘Woolwich’ are trademarks and trading names of Barclays Bank PLC. Barclays Business is a trading name of Barclays Bank PLC.


 

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