What are bank transaction codes?
The bank transaction code is used to allow the reconciliation between the reason of the cash movement and the sub-ledger and/or the routing of the information to the adequate processing system at the customer side.
What is BCG on my bank statement?
What is a bank giro credit? A bank giro credit (BGC) is a standardised paper form that has the name and account details of a specific organisation or business printed on it (e.g. Southern Water). They can also found at the back of chequebooks for customers wanting to pay cash or cheques into their own bank account.
What is pp * on bank statement?
Organisation-specific jargon
| ORGANISATION | ABBREVIATION | WHAT IT STANDS FOR |
|---|---|---|
| UK Government | EESA | Enhanced Employment Support Allowance |
| JPMorgan Bank and PayPal | JPMC | A payment to a PayPal account from your bank |
| Vending Machines | NYA* | A card payment made at a vending machine |
| Paddy Power | PP Phones | Paddy Power |
What does POS mean on bank statement?
Point of Sale
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.
What does LVP mean on bank statement?
Low Value Payment
What are the different transaction codes on my statement?
| Transaction Code | Description |
|---|---|
| LST | Supplementary List |
| LVP | Low Value Payment |
| MEC | Export Credits |
| MFD | Maturing Fwd Deal |
What does POS W D mean?
Answer. POS Debit means ‘Point of Sale’ in banking terms. A point of sale debit card transaction means that your debit card and PIN were used to make a purchase.
How do I find out what a charge is on my bank statement?
How to look up a charge from your credit card statement
- Use a search engine to look up the words in the description of the charge on your statement – exactly as it appears.
- See if your card issuer has its own merchant search tool by calling the number on the back of your credit card.
What is the meaning of CRV POS?
If you are seeing transactions from “CRV*” on your bank or card statement and do not have a Curve account, this is usually because your card details were added by an authorised friend or family member – please check with any family or household members who might have had permission to use your card (e.g. children.
What is the full form of UPI?
A Unified Payment Interface (UPI) is a smartphone application that allows users to transfer money between bank accounts. It is a single-window mobile payment system developed by the National Payments Corporation of India (NPCI).