Current Account Switch

HillStreetBlues

Altior said:

If you had a personal balance sheet for your own finances (I do), and you have a positive balance on your current account, where would it sit?

(mine are listed under current assets).

I agree, but with bank accounts it's looked at from the banks side. A debit is money coming out of your account, for the bank it's a decrease in liability For the customer a debit will reduce the capital in the bank.
The letter certainly could be written better