Webjun 9, 2024 · a memo debit is a pending reduction in the cash balance of a bank account, which is a debit transaction. The bank has not completely processed the transaction. Weba debit memo on a company’s bank statement refers to a deduction by the bank from the company’s bank account. In other words, a bank debit memo reduces the bank. Weba memo debit is a temporary deduction from a bank account. The bank uses memo debits to indicate that a debit is pending against the account, but the…