difference between debit and credit card transactions
A digital card is the debit or credit card that you can easily access from the OCBC Business Banking app or OCBC Velocity after the approval of your application. A debit entry in an account represents a transfer of value to that account and a credit entry represents a transfer from the account.
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The only difference between the digital card and physical card is that of.
. Debits and credits in double entry bookkeeping are entries made in account ledgers to record changes in value resulting from business transactions. Each transaction transfers value from credited accounts to debited accounts. The digital card will have the same card number and expiry date as the physical card that you will receive.
For example a tenant.
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