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I can't say for sure but according to my research the most likely candidate is
Preauthorized electronic transfer. Check the payment again and see if you have
set this up at your bank or online for a preauthroized fund transfer.
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∙ 14y ago
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What does IBP stand for on bank statement?
Inter Branch Payment
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 WFN PBP DG stand for?
world financial bank payment, maybe you have a Herbergers card or bonton they are all affiliated with the same bank
What is an irrevocable bank payment undertaking and what are its benefits to the seller?
And your revocable bank payment is a bank payment that cannot be rescinded. The advantage to the seller is once the payment is issued, it cannot be canceled.
What is SB LC?
SBLC stands for stand by letter of credit. An SBLC is usually issued when a financial bank guarantees a payment to their client.
What is meant by Payment by documents through bank?
Payment by documents through your bank is how you have made your payment. The document could be your check.
Can a bank go into your checking account and take out my house payment?
If you have authorized your bank to do so by arranging a scheduled payment, then the money will be drawn out and applied towards your mortgage payment. However, if you did not authorize a payment beforehand then a bank will not take money out for the payment.
Can you put a stop payment on a check after it is cashed?
No. A stop payment can be issued only before the check payment is made by the bank. If you try a stop payment after the bank has paid for the check, the bank wont accept it because the stop payment instruction is useless now and cannot be executed.
What are the features of an automatic payment service?
With your authorization, your bank will withdraw the amount of your monthly payment or bill from your bank account.
Can you stop payment on a check that is clearing the same day?
It Depends: Yes - If the check has just reached the bank and the banks is still processing the payment. If so, you can issue a stop payment and the bank will not pay for the check No - If the bank has already processed the check and released the payment to the payee customers bank account.
What do you call the bank issuing the cheque for payment?
commercial Bank...
What does ebp mean on a bank statement?
Electronic Bank Payment
