Debit is the amount you’re due to pay on your next bill or statement.
Depending on how you pay your bills, this will either be taken automatically or you can pay it online.
What does it mean if your gas bill is in debit?
CR (credit) means you’ve paid for more energy than you’ve actually used, while DR (debit) means you owe money as you haven’t paid enough. If a debit balance keeps growing, your supplier may suggest raising your Direct Debit payment to catch up. The cost of the gas and electricity you’ve used.
What does it mean my account is in debit?
When your bank account is debited, it means money is taken out of the account. Each bank transaction has a debit, which includes removing money from an account, and a credit, which adds money to another account.
What does credit mean on my gas bill?
If you pay your energy bill by direct debit, you might end up being ‘in credit’ with your supplier – this means that they owe you money. The amount you pay each month is an estimate based on how much energy your supplier thinks you’ll use over the whole year.
What does it mean to be in debit with British Gas?
– it sounds like you do owe British Gas money (in debit means you are in debt – you owe them, in credit means you have paid them more than you needed to – they owe you) – you should have built up a credit by this point.