IBP on a bank statement commonly stands for **internet Banking Payment**. It indicates a transaction made through your bank’s online banking platform, such as fund transfers, bill payments, loan repayments, or purchases completed digitally. The exact meaning may vary slightly between banks, so it is advisable to check the transaction details or contact your bank for confirmation. IBP entries help customers easily identify payments made through internet banking services.
Significant other
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express money service
direct deposit account
Pending authorization Or Posted authorization
Inter-Branch Transfer
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).
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draftScreen
Moneybox stands for a cash point on a bank statement. Cash points are usually stand alone ATMs that charge a small fee.
BDC stands for Bank Debit Card
Significant other
VOU
Branch
Maestro Card Transaction
Point of sale
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