A debit transaction occurs when a person making a payment requests such payment be made to the beneficiary's bank.

Name: A debit transaction occurs when a person making a payment requests such payment be made to the beneficiary's bank.
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A debit transaction occurs when money is withdrawn from a person's bank account, typically using a debit card or through an electronic funds transfer, rather than requesting payment to be made to a beneficiary's bank.

A Debit Transaction Occurs When a Person Making a Payment