Debit and effective account management: learn how to get rid of worries




Do you have a card linked to your account but don’t know how best to use it? Using a credit or debit card for a large number of transactions is a lifesaver for many people, as they manage to save valuable time that would otherwise be wasted queuing at the bank or at different providers.

Do you usually receive salary, pension or other cash income? Get rid of this old-fashioned habit with its many downsides and deposit money into a checking account that your employer deposits into your account every month. Plus, you can save in a separate account where you can earn interest on deposit amounts you choose not to touch during certain periods. You can also forget about penalties for late payment of invoices when due, since your deposit account can be debited directly by the bank with which you contracted and your debts will always be paid on time.

CreditFix continues to show you the details of your credit and debit transactions, letting you know how many useful things you can do with the money in your account, making your life easier and avoiding bad debt.

1. What does account credit mean?

Empty accounts are useless for anyone, especially if you pay management fees. Therefore, it must be fed with money. Payments to the account are usually made by the employer, during the transfer of the monthly salary, by the retirement fund, during the transfer of the pension, or by the bank during the transfer of the credit agreement. Also, non-bank financial institutions, like CreditFix, deposit money into your account after you apply for a loan. Even natural persons can apply for loans, for example, when your parents transfer money to the card to pay the rent, or when your friend returns a sum of money that he lent you.

The result of credit is that the amount available in your account increases with the amount you collect. With the help of the Internet Banking mobile application, you can see in real time what payments you have received, from whom and for what amount, so that you are always aware of your account balance and have a history of all transactions made with your card.

2. What does debit account mean?

An account debit is an operation that reduces the amount you have after certain payments. Therefore, by bank transfer or online payment, the amount transferred will be credited to your account. To help users, the bank offers the possibility of signing an agreement that entitles them to make payments on behalf of their clients on a monthly basis or when they deem it necessary through a facility called automatic direct debit. In this way, you will never have to worry about bills again, since the bank withdraws the money from your account and transfers it to the electricity and services company with which you contract.

Account debits also occur in relationships with non-bank financial institutions, and when repaying the loan, this can be automatic, with the IFN debited directly from your account and completed by the payment to you.

Direct debit is a great advantage for people who don’t have time to review past due invoices every month and often forget to pay these debts and are penalized for it. With this facility, payments to utility providers and more will always be paid on time and money will automatically be withdrawn from your account, always on the bill due date, whether in your name or someone else’s name. . Depending on your preference, you can set a fixed amount or a maximum amount to debit each month, and you’ll be notified of a successful transfer via text message or online banking app.


In conclusion, current technology allows you to carry out a series of quick and easy transactions using the account in which you have your income or savings, unlike those that still only use cash. Debits are operations that you need to know in order to know exactly . what is the circuit of your money.

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