I believe this is the reference now used by the Pearl Assurance Company for direct debit payment to the company - mine was for a pension policy I have with them - on bank statements.
EDIT: Yes, and by several other companies acquired by Phoenix Life Assurance Limited (PLAL), such as London Life and National Provident Life.
"PLAL" on bank statements typically stands for "Payment Late After Last." It indicates that a payment was received after its due date, which may result in late fees or interest charges. If you see this on your statement, it's advisable to check the transaction details for further context.
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Electronic Bank Payment
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"PLAL" on bank statements typically stands for "Payment Late After Last." It indicates that a payment was received after its due date, which may result in late fees or interest charges. If you see this on your statement, it's advisable to check the transaction details for further context.
PLAL bank giro credit refers to a payment method typically used in certain banking systems, allowing individuals or businesses to transfer funds electronically through a giro system. This method enables users to make payments directly from their bank accounts, providing a convenient and efficient way to manage transactions. It is commonly utilized for bill payments, salary deposits, and other financial transfers, ensuring secure and timely processing.
There are 3 words meaning butterfly in welsh :- Pili Plal Gloyn Byw Iar fach y haf.
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Bank Draft mean a check drawn by a bank on its own funds in another bank.
It means you can count on it or bank on it - it's a play on the term bank.