A debit memo may be issued in the monthly bank statement for the bank to notify a company that a service charge has been assessed on the company's account.

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A debit memo is often used by banks to notify a company that a service charge, such as an overdraft fee or a monthly account maintenance fee, has been assessed on the company's account. This information is typically included in the monthly bank statement.

A Debit Memo May Be Issued in the Monthly Bank