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technically its probably a debit transaction since debit is when the money is directly removed form your account and deposited to who ever needs to be paid. by the card and bank companies

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Q: Is transferring money a debit or a credit?
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Related questions

How can I send money from my credit card to my debit card?

You can transfer money from your credit card to your debit card by using a money transfer service or by linking your credit card to your bank account and then transferring the funds to your debit card. Be aware that there may be fees associated with these transactions.


What are the methods of payment?

cheques,money,credit cards, PayPal,bankcards,giftcards,vouchers,direct debit, standing order, vax,chaps,money transferring order.


What are the types of methods?

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Is expense debit or credit?

If revenue (income of money) is a credit, then an expense (outflow of money) is a debit.


What are the types of payment methods?

cheques,money,credit cards, paypal,bankcards,giftcards,vouchers,direct debit, standing order, vax,chaps,money transferring order.


Is utilities expensive debit or credit?

If revenue (income of money) is a credit, then an expense (outflow of money) is a debit.


When you add money to your bank account is it debit or credit?

It's a credit. When you take money out - it's a debit.


Can you load a credit card from a debit card?

There's nothing stopping you transferring funds from the account associated with the debit card. However - you cannot transfer more money than you already have in the associated account....


What is the primary difference between a credit card and debit card?

credit mean were you take money debit is what you give money


What is the primary difference between a credit card and a debit card?

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Is receiving cash as a commission for acting as rental agenting an apartment credit or debit?

A credit, if you were taking money out of an account to pay a commission that would be a debit. So we have learned a credit is-money coming in and a debit is-money going out


In accounting what is the difference between debit and credit?

A debit is an entry showing money you have payed out. A credit is an entry showing money you have received.