Your All-in-One Canadian Financial Dictionary
Debit card
A card linked to your bank account. When you pay with it, the money comes out of your account right away.
Debit memo
A record showing money taken out of your account. This could be for fees, payments, or corrections.
Deposit account
A basic bank account (like chequing or savings) where you can store, deposit, and withdraw money.
Due date
The deadline to make a payment. For credit cards, it’s when you need to pay at least the minimum to avoid penalties.