Why does the bank use the term credit to refer to deposit, instead of debit?


Banks do not use the same terms for deposits that accountants use. To a bank, when a deposit is made to an account, the bank will credit the account or add money. When a check is cashed, money is taken from the account or debited.
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Banks use Credit because Debit makes it sound like a debt, while credit sounds like YOU get something. If it sounds like a debt, you spend less and the bank loses money. With a credit
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Banks use the term credit when referring to deposits made into the account because that money is being credited to your account. It is being added in and you can ...
There are many different terms that are used to describe various processes in the banks. The banks use the term 'credit' to describe deposits made to accounts. ...