As far as I understand, the technically correct terms for adding money to your account and taking money out of it are "credit" and "debit", respectively.
Yet, I am not sure how to correctly use these terms.
For example, there's a warning in a software saying "Error due to exceeding bank card debiting limits".
Is there any better verb for saying this? I have sticked with crediting and debiting, but I'm not even sure that the people using this software will understand the terms.
Best Answer
To say taking money out of your bank account, we use the verb to withdraw
To say, adding money to your bank card, we use the verb to deposit
Credit goes to @BoldBen who first posted this answer in a comment.
As for to credit and to debit
Debit and credit seem to be used to used to describe transactions between two accounts (not necessarily from the same account holder), while withdraw and deposit are mostly used in relation to case, e.g. transactions in which cash money is taken out of or put into an account.
As they put it here (quote from the article), every credit action has a debit action of the same size associated with it: