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Q: What does BACs means on a bank statement?
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What does bgc mean on a statement?

It stands for Bank Giro Credit. It generally means that a company has transferred money into your account via BACS or a government agency has paid benefits into an account.


What does the bank term 'BACS' stand for?

BACS is an acronym for "Bankers' Automated Clearing Services."


What does BP abbreviation stand for on your bank statement?

BP stands for Bill Payment - the payment has been transferred from another bank account. BP actually stands for BACS Payment. Which is Bankers' Automated Clearing Services'.


What does 'ITL' mean on a bank statement?

ITL on a bank statement means International.


What does POD on a bank statement mean?

on a bank account statement, it means Payable On Death


What does INDN mean on a bank statement?

indication


What does bac on bank statement mean?

BAC, or BACS as it is sometimes called, stands for Bankers Automated Clearance System. Basically it's an automated payment. For example, a salary - your employers bank has your banking details, so they can automatically pay your wages when they are due.


What does bc mean on a bank statement?

bc in bank statment means


What does exactly bank reconciliation statement mean?

it means that it show the difference between the cash book and bank statement


What does CHGBK mean on your bank statement?

The term CHGBK on a bank statement means a chargeback. A chargeback can occur when a check is returned to the bank for insufficient funds.


LCY means in bank statement?

Local Currency


List entry on bank statement?

A List Entry is typically on a Westpac Bank Statement and means you have been debited for an unknown reason