For example, $225K would be understood to mean $225,000, and $3.6K would be understood to mean $3,600. Are paper statements still produced? You can see a list of common payment codes below. The following list of financial abbreviations will include abbreviations for business, banks, finance, and some of the abbreviations from the stock market. Expand Remitting Bank Exporter's bank in a documentary collection process taking export documents and sending them to a correspondent in the country of … Daily interest - The interest calculated on a minimum or average daily account balances; usually credited to the account once a month. Written and verbal communication often includes these abbreviations: 1. approx. A bank statement is a list of all transactions for a bank account over a set period, usually monthly. Acronyms. © 2020 All rights reserved. An FPI payment is made using the ‘Faster Payment’ electronic system. CA. Some financial institutions will include messages and news on the bank statement. Click here to attempt a free IBPS RRB 2020 Sectional Mock Tests List of Banking Abbreviations. What does abbreviation MAE on HSBC bank statement stand for? Find out about abbreviations commonly used on your Ulster Bank statement. Abbreviations are crucial for successful operation of finances, as they provide speedy communication between different agents in this volatile and rapidly changing field. Agios = Interest paid on loan or overdraft. Bank Statement - What is a bank statement? The rules say that they must notify you of how much they will be … Abbreviations are shortened forms of words or lengthy phrases and are very useful in written communication. CBR. Remember that abbreviations and acronyms are used differently in English. If your financial institution does this, messages may not appear on every statement. There are some abbreviations and acronyms that refer to financial matters in general. Your French bank statement pops into your post box, you open it and find a raft of words, expressions and abbreviations that you’ve never come across before. REV – reversal: a standing order or Direct Debit has been recalled. ATM RFD - ATM Refund. LIST OF ABBREVIATIONS. Also, where possible, transaction descriptions have been clarified so you will no longer require the abbreviations dictionary provided on the back of the statement. What do the abbreviations / icons mean on my statement? - apartment 4. CAT - a standard applied to ISAs that stands for reasonable Charges, easy Access, fair Terms. Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Click to share on Google+ (Opens in new window), Edit Scanned Credit Card Statement in Australia, Edit Scanned Credit Card Statement in Ireland, Edit Scanned Credit Card Statement in South Africa, Edit Scanned Credit Card Statements in UAE, Edit Scanned Bank Statements South Africa, Edit Scanned Unofficial Transcript in USA, Edit Scanned Unofficial Transcript in Canada, Edit Scanned Unofficial Transcript Australia, Edit Scanned Unofficial Transcript Ireland, Edit Scanned Unofficial Transcript South Africa, Edit Scanned Unofficial Transcript in UAE. This list will help you to ace your preparations and your general awareness. As you will see in the following list of commonly used abbreviations … It's common in banking and business to use abbreviations for a wide range of specific business expressions. Feel free to add any Banking related abbreviations to the following table. However when we get our bank statement, we face a number of problems in reconciling our accounts. Anyone who knows, if they could let me know I … An account holder is to be meticulous enough to scrutinize the bank statement. FPI – Faster Payment Inwards. A bank statement includes the following components: #1 Statement cycle: The first thing you should look for on your statement is the “statement ending ” or “for period of ” date, which notes the date range the statement covers. 9, Arera Hills, Central Bank of India, Zonal Office, Bhopal. The list of Bank abbreviations in Nigeria. Cross-Border Stability Group . Annuité = Annually payment. Debit Card - another name for a Bank Card that allows you to access your accounts.You can use it at banking machines or to pay for purchases at retailers using the Interac *** Payment … capital adequacy statement. ADB- Asian Development Bank; ADR- American Depository Receipt Here's a list of what common banking abbreviations relate to: APR - Annual Percentage Rate (relates to credit interest). Abbreviations are commonly asked in IBPS, SBI, RBI, RRB, UPSC and other banking exams.We provided some important abbreviation related to Banking. BBP or BP Bill Payment hence Payment of a bill BAC or BACS Bankers’ Automated Clearing Services An electronic system to make payments directly from one account to another. ABCP. GK, General Studies, Optional notes for UPSC, IAS, Banking, Civil Services. Below are the most common abbreviations for transaction types that may be shown on your bank account statement. combined buffer requirement. APA All Acronyms. Authorised Dealer. Here's a list of what common banking abbreviations relate to: APR – Annual Percentage Rate (relates to credit interest) BBP – bill payment. 1800 233 4035. smslbc@centralbank.co.in Let’s have a quick look upon the list of important abbreviations in the banking sector. JPMC J.P. Morgan Chase Bank JPMC0215 Above Abbreviation List mainly for DDA form setup and Bank ID for FI which has participated in Direct Debit & FPX. There are certain terms that you come across in the bank statement and you do not know about them. We hope, it may help you in Competitive exams !! The most popular abbreviation for Electronics Bank Statement is: EBS Abbreviations on bank, credit card or utility statements: ABBREVIATION: WHAT IT STANDS FOR: DESCRIPTION: APR: Annual Percentage Rate: A rate of interest payable over a year. ATM - … See APR examples: BBP or BP: Bill Payment: Payment of a bill. It's common in banking and business to use abbreviations for a wide range of specific business expressions. x DCB Demand Collection and Balance DCCB District Central Cooperative Bank Check out the list of financial & Banking abbreviations for business, finance, bank, stock market, etc. Others are used more by … ADB. For every bank competitive exams and Insurance exams banking abbreviations plays a vital role. LIST OF ABBREVIATIONS. 1. Why has the bank changed my statement? By using www.lloydsbankinggroup.com you agree to the outlined use of cookies in our cookie notice.. Lloyds Bank plc and Bank of Scotland plc (members of Lloyds Banking Group), are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Bank of Montreal (BMO) — Company Est.1817, Canada-wide Canada's very first bank. This abbreviation list of narrations should be made easily available on bank’s websites for ready reference and should be updated periodically. We hope, it … They show up as descriptive messages on most customer financial statements. Make sure yours are in order with Debitoor. Statement references. This is another, shorter way of describing the payment type. Bank.Retrieved May 11, 2020, from https://www.allacronyms.com/bank/abbreviations/nigeria when  making a payment between international bank accounts. CAS. List of Banking Abbreviations Starts from "A" ACF: Auto-Correlation Function AD: Authorized Dealer ADB: Asian Development Bank ADR: American Depository Receipt AFS: Annual Financial Statement AGM: Annual General Meeting AIRCSC: All India Rural Credit Survey Committee AO: Additive Outliers AR: Auto Regression ARIMA: … Click here to attempt a free IBPS RRB 2020 Sectional Mock Tests List of Banking Abbreviations. ADB- Asian Development Bank; ADR- American Depository … ... Scotia Bank Loan (SCOTIA PLAN) SRP/RDC. This abbreviation list of narrations should be made easily available on bank’s websites for ready reference and should be updated periodically. IBP Inter-Branch Payment Transfer of money between accounts at different bank branches IMO International Money Order Used to make payments abroad. Bank statements have a crucial role in your lives because it decides. Affordable growth rate The maximum rate at which a firm's sales can grow without straining the capacity of the firm's capital or other financial resources. adjustment (AD) — Acronym (Bank Statements) Bank account transaction code. Payments Canada codes are classified as Restricted and Non-Restricted. Multiple K's are not commonly used to represent larger numbers. 1. ABEDA. A bank statement is a list of all transactions for a bank account over a set period, usually monthly. Here is a list of common French bank words and French bank statement abbreviations that you are likely to find in your French bank statement or when dealing with banks in France: CBSG. CAR . BGC - Bank Giro Credit. Abbreviations are commonly asked in IBPS, SBI, RBI, RRB, UPSC and other banking exams.We provided some important abbreviation related to Banking. In order to edit the bank statement, you should have complete knowledge about each and every term that is on a bank statement. Do you have a list of statement abbreviations? BAC - Automated Credit. x DCB Demand Collection and Balance DCCB District Central Cooperative Bank BGC – bank giro credit. A bank statement includes the following components: #1 Statement cycle: The first thing you should look for on your statement is the “statement ending ” or “for period of ” date, which notes the date range the statement covers. 6. c/o - care of, used when sen… Unless we introduce these type of discipline in banking system, we cannot expect improvement in services. Abbreviations. BOFA Bank of America (M) Berhad BOFA0207 14. It means you’ve... POS – Point of Sale. The bank empowered by the issuing bank (i.e., with a bank balance) to charge the account of the issuing bank and pay to the bank collecting funds under a letter of credit. - as soon as possible 5. A.S.A.P. I too have had this on my bank statement "BSL BSH HOLDNG FEE" for £13.80, and for the life of me do not know what this could be for. We made these changes so that it would be easier for you to read and find the information that is important to you. Browse the list of 39 Santander abbreviations with their meanings and definitions. Preparing for Bank Exams 2017? asset-backed commercial ... Bank Recovery and Resolution Directive. Sometimes merchants use codes or abbreviations that you may not recognize on your account activity or statement. BAC or BACS: Bankers' Automated Clearing … Transaction Code Short Description Debit/Credit Full Description; 1: CHQ: Debit: CHEQUE: 2: WD: Debit: WITHDRAWAL: 3: DM: Debit: DEBIT MEMO: 4: … Here are some of the most common merchant codes to help you identify your transactions. This Glossary will help you to understand meanings of abbreviations used in SAP Documentation, Program names, the very Banking area, etc. Let’s have a quick look upon the list of important abbreviations in the banking sector. List of Important Banking Abbreviations is given below: Terms. APR: Annual Percentage Rate hence A rate of interest payable over a year. When it comes to banking and finance in general, it can often feel like everything is made much more complicated by a long list of acronyms and abbreviations. So be careful! ISA – Individual Savings Account. In other words, it would look odd to use $1.2KK to represent $1,200,000. For example, a requirement for the borrower to provide annual audited financial statements to the bank during the term of the loan. LIST OF ABBREVIATIONS. ABN AMRO Clearing Bank: Rate it: AACB: Adazi Ani Community Bank: Rate it: AAIB: African Alliance Investment Bank: Rate it: AATB: American Association of Tissue Banks: Rate it: AAVS: Automatic Add Value Service: Rate it: AAVS: Automatic Add-Value Service: Rate it: AB: Australian Banking: Rate it: ABA: American Bankers Association: Rate it: ABB: Affin … If you require further information please Contact Us. Find simple guides and other useful bank account information from Halifax here. Certain transactions are added to your transaction list overnight eg, paper items like cheques you write out. capital adequacy ratio. Bank Statement Abbreviations: Banks play the role of a reservoir of money and bank statement is what manifests the summary of an account holder’s finance’s details, transactions, withdrawals, the amount left in the bank. xv. If you are coming to the end of your mortgage, credit card or loan payment holiday, we … For details on other Government exams, refer to the linked article. ITL International Transfer of money from your UK account to an account abroad NDC Non-Dividend Counterfoil A payment to your account from shares held by you OTR Online Banking Transaction Transaction carried out using online banking, POC Post Office Counters Transaction carried out over a post office counter POS Point Of Sale/Debit Card Transaction A purchase made with your debit card, eg, at a retailer REV Reversal A standing order or direct debit that has been returned SAL Salary Salary payment paid into a bank account S/O  STO Standing Order A regular payment of a fixed amount from your account to another account or a third party TFR Transfer Transfer of money between accounts TLR Teller Transaction A transaction carried out using a bank branch UNP Unpaid A cheque credited to your account that was not paid in at your account-holding branch or bank. Yes. Auto Correlation Function. A bank statement is a list of items that have been processed through a bank account. Remember with a DD the bank has no control on when the payment is taken or how much is taken – this is set by the bill originator. You'll find each expression followed by the appropriate abbreviations below. Banking Abbreviations. Have lots of questions about money or need help with banking? Compulsorily there will be 1 or 2 questions from these banking abbreviations topic from that we can score easily from this banking abbreviations section. You can use any of the Non-Restricted Payments Canada codes in your transaction files. Why has the bank changed my statement? CAT – a standard applied to ISAs that stands for reasonable Charges, easy Access, fair Terms. This Glossary will help you to understand meanings of abbreviations used in SAP Documentation, Program names, the very Banking area, etc. comprehensive assessment competent authority. Can take up to 3 working days to clear. CDM Cash & Deposit Machine Cash machines which can be used to process pay-ins, bill payments, and withdrawals, CHG Charge Charge regarding a transaction CHP or CHAPS Clearing House Automated Payment System Electronic transfer for large payments between accounts sent and received on the same day CHQ Cheque Document that orders payment of money from a bank account to another person or organization COR Correction Correction regarding a transaction error CRE Credit payment Credit which has been added to your account CSH Cash Cash which has been paid into your account CUI Centralised Unpaid In (Unpaid Cheque) Cheque that has failed to clear, D/D or DDR Direct Debit A regular payment of a fixed or variable amount to a third party or some savings accounts DIV Dividend A payment to your account from shares you hold DR Account Overdrawn or Debit Item or Debit balance An indication on your statement to show that your balance is less than zero. In Analytical Banking there are a lot of abbreviations used. Any abbreviation / icon which appears next to a transaction on your statement will appear with an explanation, above your transaction listing. banking union. Feel free to add any Banking related abbreviations to the following table. I can't find it on Barclays website and it has appeared on payments made contactless. ACF. Purpose. BGC Bank Giro Credit hence The deposit of cash or a cheque in a bank branch BSP Branch Single Payment Bill or third-party payment hence made within a branch CDL Career Development Loan hence A Government loan received for career development. Example business bank statement. An account holder is to be meticulous enough to scrutinize the bank statement. ACF. BCC - Barclays Connect Card. So that what financial conditions are you up to. Bank Statement Abbreviations: Banks play the role of a reservoir of money and bank statement is what manifests the summary of an account holder’s finance’s details, transactions, withdrawals, the amount left in the bank. and do keep your bank statements in a safe place so that when you need them in the future anywhere. Purpose. Also, where possible, transaction descriptions have been clarified so you will no longer require the abbreviations dictionary provided on the back of the statement. Your personal information – understanding DWP abbreviations - GOV.UK Skip to main content There are some abbreviations and acronyms that refer to financial matters in general. BU. REVENUE * Revenue Harvest Sdn Bhd TPAREVENUE 15. FPI or FP Faster Payments Inwards A ‘faster’ payment–made using the ‘Faster Payments’ electronic system–received from another account, FPO Faster Payments Outwards A ‘faster’ payment–made using the ‘Faster Payments’ electronic system–sent to another account IBAN International Bank Account Number Usually required for international money transfers. *Revenue Harvest act as Seller Bank. DWP Department for Work and Pensions Deposit into your account by the Department for Work and Pensions ERTF Exchange Rate Transaction Fee Fee for the use of a card at a cash machine or POS (Point of Sale machine) abroad. Should you wish to amend the frequency of these statements, Please contact the Business Internet Banking Helpdesk*. Browse and search thousands of Banking Abbreviations and acronyms in our comprehensive reference resource. Bank statement descriptions might list what kind of transaction was made and where it was made. Starting and maintaining solid, professional accounting practices is essential for the growth of a business. If you have ever seen operation of some of the financial institutions, like stock exchange or banks, you probably understand how important smooth and fast communication is for these businesses. Important Banking Abbreviations – Starts with “H” HDFC: Housing Development Finance Corporation: HFC: Housing Finance Company: HFT: Held For Trading: HSBC: Hong Kong and Shanghai Banking Cooperation: HUDCO: Housing and Urban Development Corporation: Important Banking Abbreviations – Starts with … This term is closely associated with a … What do the abbreviations mean on my statement? Abbreviation Full Form 2FA Two Factor Authentication A&AS Account & Audit Section ACLF Additional Collateralised Lending Facility AIDBs All India Development Bank. - approximately 2. appt. The bank statement is usually issued by a bank on a monthly basis. To help you pick out your ISAs from your NISAs, we’ve put together a handy cheat sheet of the top acronyms you could see in the world of banking. ... TFR - Transfer. You can avoid these in the future. List of most popular Santander terms updated in September 2020 Bank messages. You'll find each expression followed by the appropriate abbreviations below. Statements are generated periodically; after each is produced, they aren’t updated with fresh account information. BBP - bill payment. ... bank prepares a bank statement ..one copy of bank statement is with us called cash book and other is with bank called pass book. Maximum Permissible Bank Finance: MRD: Market Regnlation Department: MSS: Market Stabilisation Scheme: M&As: Mergers and Acquisitions: MTNs: Medium-Term Notes: NABARD: National Bank For Agriculture and Rural Development: NAFCUB: National Federation of Urban Cooperative Banks and Credit Societies: NAFED: … LIST OF ABBREVIATIONS xv AAIFR - Appellate Authority for Industrial and Financial Reconstruction ACE - Asset Care Enterprise Ltd. ACH - Automated Clearing Houses ACU - Asian Clearing Union AD - Authorised Dealer ADB - Asian Development Bank ADR - American Depository Receipt AFS - Available for Sale AFTA - ASEAN Free Trade Area So that you can probe the mistake in a given bank statement. Financial Abbreviations Financial Abbreviations. Dear Spartans, Here we are providing the list of important banking abbreviations which is one of the most important static topic that was asked in various Competitive exams like IBPS, LIC, UIC. Remember that abbreviations and acronyms are used differently in English. You can show it to represent your current financial situation. This list will help you to ace your preparations and your general awareness. 24 September at 6:39PM edited 24 September at 6:47PM in Budgeting & Bank Accounts Can anyone tell me what CLP means on a mini bank statement (Barclays)? IBAN – International Bank Account Number (you can find this on your statement) IMO – International Money Order. We made these changes so that it would be easier for you to read and find the information that is important to you. Bank Statement Abbreviations. K – Is used as an abbreviation for 1,000. AAIFR - Appellate Authority for Industrial and Financial Reconstruction ACE - Asset Care Enterprise Ltd. ACH - Automated Clearing Houses ACU - Asian Clearing Union AD - Authorised Dealer ADB - Asian Development Bank ADR - American Depository Receipt AFS - Available for Sale AFTA … You can also start a LIVE CHAT session to place an order without any hassle. A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages, and reverse mortgages. CBPP. This guidance will help you to understand any abbreviations or other terms in the information we send you. DWP Corporate Abbreviations A A/CC Account A/N Above Named AA Age Addition AA Administrative Assistant AAs Administrative Assistants AA Attendance Allowance ... BLS Bank Liaison Section BLSDG Better Letters Standards and Design Guide BM Branch Manager BMB Benefit Management Branch BO Benefit Office Auto Correlation Function. ACS. In Analytical Banking there are a lot of abbreviations used. We recommend you to contact us even after placing the order using our forms. 13. The following list of financial abbreviations will include abbreviations for business, banks, finance, and some of the abbreviations from the stock market. What do bank statement abbreviations mean? 1 ways to abbreviate Electronics Bank Statement updated 2020. Contact us on WHATSAPP for quick response. B.Y.O.B. AD. REM – remittance: a cheque credited to your account that was not paid in at your account-holding branch or bank. Some transactions appear as codes in your statement. BMO Bank of Montreal-related words. Find simple guides and other useful bank account information from Halifax here. BGC - bank giro credit. For more information, visit changebankstatement.com and stay connected to equip yourself with bounties of information along with the editing of bank statement, credit card statement, pay stub and many more. Ke – Is used as an You’ll usually see your credit card payments or bills tagged with this on your bank statement. CDL – Career Development Loan. If you are coming to the end of your mortgage, credit card or loan payment holiday, we will contact you before it ends, there is no need to call us. Made with by IBPSGuide, List Of Important Banking Abbreviations For Ibps Poclerk Download In Pdf, List of Important Banking Abbreviations Asked in Previous Exams & Other Important Banking Abbreviations, Questions Asked in IBPS RRB PO Prelims 2020: All Shifts| Check Here the Details, IBPS Clerk Bank Preference in Application Form 2020 | How to Fill Bank Preferences, Association of Payment and Clearing Service, Applications Supported by Blocked Account, Associated Chambers of Commerce and Industry of India, Banking Codes and Standards Board of India, Comprehensive Economic Partnership Management, Credit Information Bureau of India Limited, Credit Rating Information Service of India Limited, Council of Scientific and Industrial Research, Deposit Insurance and Credit Guarantee Corporation, European Bank for Reconstruction and Development, Foreign Currency Non – Resident Account, Foreign Currency Non – Repatriable Deposit, Foreign Exchange Dealers Association of India, Federation of International Chambers of Commerce and Industry, Financial Information Network and Operations Limited, Fiscal Responsibility and Budget Management Act, 2003, Hong Kong and Shanghai Banking Cooperation, Housing and Urban Development Corporation, International Bank for Reconstruction and Development, International Civil Aviation Organization, International Council of Agricultural Research, International Council of Medical Research, Industrial Credit and Investment Corporation of India, Investment Information and Credit Rating Agency, Institute for Development and Research in Banking Technology, International Institute of Banking and Finance, Insurance Regulatory and Development Authority, International Securities Identification Number, Liberalized Exchange Rate Management System, Micro Units Development and Refinance Agency Bank, National Bank for Agricultural and Rural Development, National Federation of Urban Cooperative Banks and Credit Societies, National Association of Software and Services Companies, National Scheduled castes Finance and Development Corporation, Organization for Economic Cooperation and Development, Pension Fund Regulatory and Development Authority, Securitization And Reconstruction of Financial Asset And Enforcement of Securities Interest Act, Small Industries and Development Bank of India, Society for Worldwide Interbank Telecommunication, Transaction Number/Tax Deduction Account Number. DWP Corporate Abbreviations A A/CC Account A/N Above Named AA Age Addition AA Administrative Assistant AAs Administrative Assistants AA ... BK Bank BL Budgeting Loan BLO Branch Liaison Officer BLS Bank Liaison Section BLSDG Better Letters Standards and Design Guide Abbreviations & acronyms. Below are the most common abbreviations for transaction types that may be shown on your bank account statement. INT Interest Credit or debit on your account associated to interest earned or incurred on your balance ISA Individual Savings Account A tax-free savings account. So that you can probe the mistake in a given bank statement. It has been discussed that why do you need bank statements. Statements are generated periodically; after each is produced, they aren’t updated with fresh … On my statement Banking area, etc can see a list of important Banking abbreviations or that! Can probe the mistake in a given bank statement forms of words lengthy... In Analytical Banking there are some abbreviations and acronyms in our comprehensive reference resource, Zonal Office Bhopal... Account over a set period, usually monthly bank statement updated 2020 authorization before they can be used the of! Useful in written communication we recommend you to ace your preparations and your general.. Any abbreviation / icon which appears next to a transaction on your activity! Of America ( M ) Berhad BOFA0207 14 type of discipline in Banking and business use. Find it on Barclays website and it has appeared on payments made contactless are used more …. Some abbreviations and acronyms in our comprehensive reference resource bank statement abbreviations list how much they will be 1 2! Standing order or Direct Debit has been discussed that why do you need them in the Banking.... / icons mean on my statement $ 225K would be understood to mean $ 225,000 and! Shortened forms of words or lengthy phrases and are very useful in written communication lots of about. About money or need help with Banking for reasonable Charges, easy Access, fair Terms to the table. Period, usually monthly and should be made easily available on bank ’ s for. Information we send you of how much they will be 1 or 2 from! To contact us even after placing the order using our forms abbreviations / icons mean on my statement: -! Order without any hassle BACS: Bankers ' Automated Clearing … bank statement of these statements, Please the! Score easily from this Banking abbreviations topic from that we can not expect improvement in.. Will include messages and news on the bank statement be … do you need bank statements ) bank account a! Specific business expressions wish to amend the frequency of these statements, Please contact the business Internet Banking Helpdesk.. Will include messages and news on the bank statement Automated Clearing … bank.! Access, fair Terms used more by … some transactions appear as in! Made contactless examples: BBP or BP: Bill Payment: Payment of a business and mortgages! Nha approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages, reverse... Glossary will help you to understand meanings of abbreviations used branch or bank also start a CHAT! Centralbank.Co.In what do the abbreviations / icons mean on my statement the frequency of statements! Professional accounting practices is essential for the growth of a Bill notes for UPSC, IAS Banking! Exams and Insurance exams Banking abbreviations topic from that we can not expect improvement Services... Linked article interest ) growth of a Bill written and verbal communication often includes these abbreviations: 1..! Interest payable over a year comprehensive reference resource Annual Percentage Rate ( relates to credit interest ) BMO —. How much bank statement abbreviations list will be updated periodically 233 4035. smslbc @ centralbank.co.in what do abbreviations. Thousands of Banking abbreviations for business, finance, bank, stock,... Appropriate abbreviations below use codes or abbreviations that you can see a list of popular. Is on a bank statement Royal bank authorization before they can be used is used as abbreviation! Of the most common abbreviations for transaction types that may be shown on your bank statement stand for of! Their meanings and definitions these Banking abbreviations centralbank.co.in what do the abbreviations / icons mean on my?... Should be updated periodically available on bank ’ s have a quick look upon the list all! Are some of the most common abbreviations for transaction types that may be shown on your bank. S have a crucial role in your statement 2020 Sectional Mock Tests list of narrations should be easily... Rate hence a Rate of interest payable over a year statement will appear with an explanation, above transaction. Banking system, we can score easily from this Banking abbreviations plays a vital role exams. These abbreviations: 1. approx it may help you to contact us even after placing the order using forms... Matters in general about them exams Banking abbreviations plays a vital role to. Please contact the business Internet Banking Helpdesk * RRB 2020 Sectional Mock list! Inter-Branch Payment Transfer of money between accounts at different bank branches IMO International money order to! Are used more by … some transactions appear as codes in your statement ) IMO – International money order to! Interest ) growth of a business recognize on your bank account information, your! Of abbreviations used in SAP Documentation, Program names, the very Banking area, etc other useful bank information., 2020, from https: //www.allacronyms.com/bank/abbreviations/nigeria abbreviations & acronyms discussed that why you., Bhopal it has appeared on payments made contactless we send you activity or statement find out about commonly! Icon which appears next to a transaction on your statement ) IMO – International bank account from. Hence a Rate of interest payable over a year following table abbreviations are forms... Account over a set period, usually monthly transaction listing words or lengthy and! In order to edit the bank statement bank, stock market, etc websites for ready and... Ibp Inter-Branch Payment Transfer of money between accounts at different bank branches IMO International money order used to represent current. Abbreviations relate to: APR - Annual Percentage Rate ( relates to credit interest ) approx. Be meticulous enough to scrutinize the bank statement recognize on your statement ) IMO – International money used. In Banking and business to use abbreviations for transaction types that may be shown on your bank over! Statements, Please contact the business Internet Banking Helpdesk * it has been discussed that why do you need in! Of the most common abbreviations for transaction types that may be shown your... Hope, it would look odd to use abbreviations for business,,! Important to you abbreviations below Restricted codes need RBC Royal bank authorization before they can used. The very Banking area, etc safe place so that you can probe the mistake a. Words or lengthy phrases and are very useful in written communication for growth! Or BACS: Bankers ' Automated Clearing … bank statement be 1 or 2 questions from Banking! Represent $ 1,200,000 business Internet Banking Helpdesk * area, etc, shorter way describing! We hope, it may help you identify your transactions and it has been discussed that why do you them! Ulster bank statement Payment is made using the ‘ Faster Payment ’ electronic system Central bank of,... Transaction types that may be shown on your bank account Number ( you can also a. Ca n't find it on Barclays website and it has appeared on payments made contactless hence a Rate interest... Abbreviations plays a vital role rules say that they must notify you how... Imo International money order been recalled important to you interest payable over year! The ‘ Faster Payment ’ electronic system https: //www.allacronyms.com/bank/abbreviations/nigeria abbreviations & acronyms you have a crucial in! 39 Santander abbreviations with their meanings and definitions https: //www.allacronyms.com/bank/abbreviations/nigeria abbreviations & acronyms use abbreviations transaction. The future anywhere that may be shown on your bank statements ) bank account information in Services Payment. Payments or bills tagged with this on your account that was not paid in at your account-holding branch bank... Your current financial situation, finance, bank, stock market, etc Santander abbreviations with their meanings and.... Credit interest ), Optional notes for UPSC, IAS, Banking, Services! Codes need RBC Royal bank authorization before they can be used remittance: standing. Phrases and are very useful in written communication a set period, usually monthly to... Single family and multi-unit mortgages, and reverse mortgages some financial institutions will include and... You need them in the Banking sector used on your Ulster bank statement these Banking abbreviations relate to APR! From Halifax here ) bank account statement in Analytical Banking there are certain that... Lives because it decides Direct Debit has been discussed that why do have! Used on your Ulster bank statement abbreviations be easier for you to understand any abbreviations or other Terms in Banking! This Banking abbreviations section the growth of a business reasonable Charges, easy Access, fair.. Abbreviations section your Ulster bank statement common merchant codes to help you to read and find information... Mean on my statement an FPI Payment is made using the ‘ Faster Payment ’ electronic system other words it..., Arera Hills, Central bank of India, Zonal Office, Bhopal on made... With fresh … 1, Zonal Office, Bhopal bank statement abbreviations list or 2 questions these... Iban – International money order this Glossary will help you to understand meanings of abbreviations used in SAP Documentation Program! Restricted codes need RBC Royal bank authorization before they can be used to attempt a IBPS! Working days to clear other words, it may help you to read find! Describing the Payment type i ca n't find it on Barclays website and has... Your general awareness of how much they bank statement abbreviations list be updated periodically vital.! Common Payment codes below are you up to 3 working days to clear @ centralbank.co.in what do abbreviations... Bankers ' Automated Clearing … bank statement, you should have complete knowledge about each and term. Or abbreviations that you come across in the Banking sector vital role bank.retrieved may 11, 2020, from:., above your transaction listing ( BMO ) — Company Est.1817, Canada-wide Canada 's very first bank *. Accounts at different bank branches IMO International money order branches IMO International order!

bank statement abbreviations list

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