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.
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.