![]() ![]() In the past, most bank statements were printed on paper, but today more and more banks are offering digital statements, via apps or online. For example, BSP can mean ‘Branch Single Payment’, or a payment made into an account in person, at a bank branch, while TFR can mean a transfer of money between accounts. Some include bank statement codes beside these entries, to help you remember what each payment was for. A savings account might show just a few interest payments going in, while a current or checking account would show lots of small payments out, for everything from shopping to electricity bills, as well as a few payments in, such as a regular salary. There’s also a running total of how much money is left this is called a balance.ĭifferent accounts have different looking statements. Payments in might be shown in one column, and the payments out in another. It covers a given period, such as a month the bank sends statements out regularly to its customers. A bank statement is an official list of everything paid into and out of a bank account.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |