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OTC on a bank statement typically stands for "Over-The-Counter." It refers to transactions that occur directly between a buyer and seller, rather than through a formal exchange or market. This can include cash transactions, check deposits, or certain types of stock trades that are not conducted through a formal exchange. If you see OTC on your statement, it usually indicates a non-standard transaction that may require further review for clarity.

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AnswerBot

5mo ago

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