Debit

In banking, a debit is a transaction that decreases the balance in your account. On your bank statement, debits represent money leaving your account through withdrawals, payments, and fees.

In accounting, the meaning of debit varies by account type. For asset and expense accounts, a debit increases the balance; for liability, equity, and revenue accounts, it decreases and is the opposite of a credit. On bank statements, debits are typically shown as negative amounts or in a separate column.