Sep 14, · D/D or DDR: Direct Debit: Regular payment of a fixed or variable amount to a third party or some savings accounts. DIV: Dividend: Payment to your account from shares you hold. DR: Account Overdrawn or Debit Item / Debit Balance: An indication on your statement to show that your balance is less than zero. If needed, see Debt Problems. DWP. 77 rows · D/D: Direct Debit: D/R: Debit: DCR: Documentary Credit: DFT: Foreign Draft: DIV: Dividend: .
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 whay -- direct debit, meah, automatic payment, cash deposit and teller deposit, among others -- has its own unique code for identification purposes. Company codes also may be used to abbreviate the description of a transaction. 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 oh transaction, amount, whether it was a credit or a debit to the account and the bank account balance after the transaction was processed. Transaction codes baank standard between banks to facilitate easier communication between banks. Standardized abbreviations also help ensure correct deductions and credits to the account when transactions are processed by a bank other than the how to do hair curls with rollers home bank.
Investment accounts, credit card statements and other financial statements also may use some of the same transaction codes as bank statements. More From Reference. What Is Product Orientation? What Is Delimitation in Research?
Sep 21, · Common abbreviation codes for bank statements include ATM for automatic teller . Apr 08, · Favourite answer DR means drawn eg you owe them money. CR means credit. eg this is your own money. If it is not your balance but on a transaction on your statement then it . 22 rows · Bank statement abbreviation Definition BMACH - ATM: BMACH is a brand of an ATM. If .
The table below lists the most common abbreviations typically found on bank statements. You might also see similar abbreviations on your ATM mini statements, or the statement you receive when you make a transaction using an ATM.
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The rundown Understanding the most common bank statement abbreviations helps you be in better control of your finances Keeping track of your statements will allow you to detect any fraud or suspicious spending A fool-proof guide to the most common banking statement abbreviations.
Current section current page title. What are bank statement abbreviations? What do bank statement abbreviations mean? Why is it important to understand bank statement abbreviations? What should I do if I spot a fraudulent transaction? DIV - Dividend A dividend is a payment you receive from shares you hold.
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Please try again later. Subscribe now. Almost finished BGC stands for bank giro credit. CHG stands for charge. A dividend is a payment you receive from shares you hold. This is a common abbreviation and signifies a regular payment of a fixed or a variable amount that you make to a savings account or third party. An ERTF shows on your bank statement when you use a card at a cash machine abroad. A REV, or reversal, shows on your bank statement when a starting order or direct debit has been returned.