What are the different transaction codes on my statement?

What are the different transaction codes on my statement?

What is s line on bank statement?

S/line stands for statement line. If you see it on your bank statement, you’ll know it’s an individual statement that’s important for your bank. INT’L – International. You’ll see INT’L on your bank statement if you’ve made a foreign transaction.

What does point of sale mean on a bank statement?

A POS or “Point of Sale” transaction is a purchase made with your Visa debit card and you are required to enter your PIN on a keypad. POS transactions post to your account immediately. On your statement, a POS transaction will show the amount and the address (and sometimes) the name of the merchant.

How do I find out what charges are on my bank statement?

How to look up a charge from your credit card statement

1. Use a search engine to look up the words in the description of the charge on your statement – exactly as it appears.
2. See if your card issuer has its own merchant search tool by calling the number on the back of your credit card.

What does DC mean on bank statement?

Sounds like you are looking at account transactions – BP = Bill Payment, CR = Credit, DC = Direct Credit.

What does CD mean on a bank transaction?

A certificate of deposit (CD) is a product offered by banks and credit unions that provides an interest rate premium in exchange for the customer agreeing to leave a lump-sum deposit untouched for a predetermined period of time.

Are all debit card transactions point of sale?

Whenever you accept debit cards as a form of payment, that transaction will appear on the customer’s credit card statement, often with “POS” or “POS debit” in the description. You may be wondering why. Every sale that goes through the point of sale system is technically a POS transaction.

What does transaction type mean?

More Definitions of Transaction Type Transaction Type means the nature of the fuel transaction. Transaction type is a field in the CFP Online System used to represent how a volume of fuel should be treated in terms of compliance with the clean fuel standards.

What do the codes on bank statements indicate?

The codes on bank statements indicate transaction types, such as debits, credits and interest rates. Codes are often three or more alphabet characters. Each type of transaction — direct debit, check, automatic payment, cash deposit and teller deposit, among others — has its own unique code…

What does int mean on a bank statement?

Interest payment amounts also may be denoted by the code INT. In addition to the type of transaction and transaction description, other items listed on a bank statement include the date of a transaction, amount, whether it was a credit or a debit to the account and the bank account balance after the transaction was processed.

What does bmach and POS mean on my bank statement?

If you see BMACH on your bank statement, it means you’ve made an ATM transaction. it means you’ve transferred money between bank accounts. An FPI payment is made using the ‘Faster Payment’ electronic system. It means you’ve received money from another account. You’ll find POS on your bank statement if you’ve made a purchase using your debit card.

What do the letters on my bank statement mean?

S/line stands for statement line. If you see it on your bank statement, you’ll know it’s an individual statement that’s important for your bank. You’ll see INT’L on your bank statement if you’ve made a foreign transaction. The abbreviation BP on your bank statement means you’ve made a bill payment.