On Sat, Jul 21, 2001 at 05:51:00PM +1000, Robert Graham Merkel wrote: > Because your bank statement uses credit and debit from the bank's point of > view, which is opposite to yours. > Nope, I still don't get it. The bank is acting as my proxy, holding my money for me and issuing/collecting payments at my request. So our points of view should be the same. What am I missing? Schwab