Its when the bank takes money from one account to another to pay off money you owe them, usually after a missed payment regarding overdraft(unauthorised).
Inter-Branch Transfer
Inter Branch Payment
what does ga mean on bank statement
MAE mean on a bank statement
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what does fl fross mean on your bank statement
What does TDN mean on bank statement
It stands for Inter branch payment. You/someone else has credited your account from another (not your sort code registered bank) account.
ITL on a bank statement means International.
what does LU mean on a statement transaction
on a bank account statement, it means Payable On Death
indication