Debits and credits and confusion; Oh My!!?

i think that the reason you are confused is what point of view it is. banks might view things differently, say your deposit is the asset to you but a liability to the bank, with credit its the opposite. Debits are always the money taken from you, credits are the money given to you.

hopefully this helps

It's extremely simple

A debit card taps straight into a bank account so that you're not using borrowed money, so it's kind of like writing a check but without the paper.

A credit card makes has the bank pay for you and then you pay there bill at the month with interest, so that's like taking out a mini loan.

Understand that this is just the core concept without going into much detail.

Paying with a debit card is like electonically giving them the money and a credit card is like a promise that you'll give them the money. Don't know if that's what you were asking but hope it helps.

Debit means to take money out of an account.

Credit means to add money to an account.

If someone gives you credit, they are allowing you to borrow money (adding it to your account).

If you use your debit card, the bank takes the money out of your account to pay for your purchase.