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A Service Charge is a monetary charge a bank might deduct from a customers account for the services provided by them.
For ex: Some Banks in India that provide a customer with an International VISA Debit card charge them an annual fee of Rs.100 per card. This is a charge the customer has to pay in order to utilize the benefit of having an international debit card.
Apart from this, there are many other charges a bank might levy on its customers. For more details you can visit the website of the bank in which you hold or wish to hold an account.
What else can I help you with?
What does GA on a bank statement mean?
what does ga mean on bank statement
What does tomc mean on your bank statement?
Tomc is not a common abbreviation on a bank statement. You can contact your local bank for a list of terms related to bank statements. Examples of commonly found abbreviations on a bank statement are TRF, DR, and CHG. TFR stands for transfer, DR is a debit, and CHG is a charge or fee from your bank.
What does ebp mean on a bank statement?
Electronic Bank Payment
What does bc mean on a bank statement?
bc in bank statment means
What does reconcile a bank statement mean?
103.52
What does DECC CIL mean on a bank statement?
DECC CIL on a bank statement typically refers to a transaction related to a Direct Energy Customer Care Charge or a similar utility service charge. It indicates that a payment has been made to a utility provider, like an electricity or gas company. If you are unsure about the specific charge, it's advisable to contact your bank or the service provider for clarification.
WHAT DOSE SGT MEAN ON A BANK STATEMENT?
On a bank statement, "SGT" typically stands for "service charge," indicating a fee charged by the bank for account maintenance or other services. This charge may vary based on the account type or specific banking services used. It's important to review these charges to understand any fees associated with your account. If you have questions about a specific charge, contacting your bank for clarification is advisable.
What does GA on a bank statement mean?
what does ga mean on bank statement
What does g p mean on bank statement?
what does GP mean on bank statement
What idoes Mae mean on a bank statement?
MAE mean on a bank statement
What does service change mean when your talking about checking accounts?
Service Charge is a charge or a fee that a bank charges us for the services it provides us. It could a charge for the international debit card they gave us or a charge for using an ATM of another bank which is not the bank that has issued you the ATM card. The bank has the right to debit the money directly from your account (if you have sufficient balance) to pay for the service charges.
What does msp on my bank statement mean?
MSP on your bank statement typically stands for "Merchant Services Provider." It refers to charges related to transactions processed through a payment processor, often associated with debit or credit card payments. If you see this on your statement, it may indicate fees from a specific merchant or service you used. If you're unsure about the charge, it's advisable to contact your bank for clarification.
What does tomc mean on your bank statement?
Tomc is not a common abbreviation on a bank statement. You can contact your local bank for a list of terms related to bank statements. Examples of commonly found abbreviations on a bank statement are TRF, DR, and CHG. TFR stands for transfer, DR is a debit, and CHG is a charge or fee from your bank.
What does the abbreviation TD mean on lloyds tsb bank statement?
What does TDN mean on bank statement
What does fl gross mean on tsb bank statement?
what does fl fross mean on your bank statement
What does CH mean on a bank statement?
It can mean charge but as banks use their own codes it would be hard to know without the name of the bank, your statement normally displays what they mean, although non paper statements may not contain this information. Check out your banks website or telephone your bank to ask them what it stands for.
What does chg mean on bank statement?
Chg in banking terms may refer to a Charge or a Fee that a bank may charge your bank account for some reason. For ex: If the minimum balance requirement in your account is Rs. 1000/- and you fail it, the bank may go ahead and charge you a penalty fee (as per the account opening agreement) on your account. This will reflect as "Chg" in your statement.
