What does DR mean on a bank statement?
On a traditional bank statement or financial ledger, the abbreviation DR stands for "Debit". A debit entry indicates a withdrawal of funds, a cash outflow, a direct payment, a fee deduction, or a purchase that reduces the total available balance in your checking or savings account. Conversely, it is paired with the credit abbreviation which shows funds entering the account. Seeing a DR notation next to a transaction line item means money was taken out of your account to pay for a specific expense, service charge, or merchant purchase during the designated billing cycle.
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U.S.
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