What are 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 for check printing, check processing, deposit processing, foreign transactions, minimum balances, monthly maintenance, not sufficient funds checks, and for the delivery of a paper statement.

Bank Debit Best Practices

It makes sense to periodically review the amounts being charged through bank debits, and consider shifting to a different bank if the fees become higher than what other banks are charging. Also, review these fees for evidence of fraudulent transactions. If you are not sure about the nature of a debit, contact your bank for an explanation.