A bank account credit and debit is an accounting tool used to track the total balance of a bank account. It records when money is added to the account (credits) and when money is taken out (debits). By tracking these entries, banks can keep accurate records of their customers’ accounts and provide services such as direct deposits. With this information, financial institutions can lend money, process payments and maintain secure banking practices. Understanding the different types of credits and debits that appear on your bank statement can help you manage your money effectively.