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In a bank statement, "override" typically refers to a transaction or process that has been manually approved or adjusted by a bank representative, often bypassing standard procedures or limits. This can occur in situations such as authorizing a payment that exceeds a set limit or correcting an error in processing. The override is usually documented to ensure transparency and accountability in the bank's operations.
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What is meaning of BGC on a bank statement?
BGC on a bank statement typically stands for "Bank Guaranteed Check." It indicates that the funds associated with a check have been guaranteed by the bank, ensuring that the check will clear. This term can also refer to "Bureau of Government Contracting" in some contexts, but in relation to bank statements, it most often pertains to guaranteed checks. Always check with your bank for the specific meaning in your context.
What is bank reconciliation statement?
Bank Reconciliation Statement
Is the Bank Reconciliation statement a part of financial statement?
Bank reconciliation statement is not part of financial statement it is the helping statement to tally bank account with balance in banks statement.
Who prepares the bank statement?
bank prepares a bank statement ..one copy of bank statement is with us called cash book and other is with bank called pass book
Where can one check their bank statement?
A bank statement can be checked in many ways. The three most common are a paper statement either mailed by the bank to the account owner or obtained a the bank, a statement viewed or printed at an ATM, or a statement viewed or printed on the bank's website.
What is the meaning of Atw in Bank Statement?
is the meaning of atw in hdfc bank statement
What is the meaning of cwdr meaning in bank statement?
cash withdrawal
What is BSC meaning in bank statement?
Bank Service Charge
What is the meaning of NWD in Bank Statement?
NWD is and ATM card withdrawal from other bank.
Meaning of REV in the bank statement of Axis bank?
REV - reversal: a standing order or Direct Debit has been recalled
What is the meaning of 'DPC' on a bank statement?
DCP is an abbreviation for District Credit Plan/s.
Is bank a debit or credit?
The answer will appear on the statement in re, meaning that it is a negative or credit value.
What is meaning of BGC on a bank statement?
BGC on a bank statement typically stands for "Bank Guaranteed Check." It indicates that the funds associated with a check have been guaranteed by the bank, ensuring that the check will clear. This term can also refer to "Bureau of Government Contracting" in some contexts, but in relation to bank statements, it most often pertains to guaranteed checks. Always check with your bank for the specific meaning in your context.
What is bank reconciliation statement?
Bank Reconciliation Statement
Is the Bank Reconciliation statement a part of financial statement?
Bank reconciliation statement is not part of financial statement it is the helping statement to tally bank account with balance in banks statement.
Can a bank unfreeze a court order blocked account?
No. The bank cannot override an order of the court.
What does FBR mean on bank statement?
FBR on a bank statement typically stands for "Federal Bank Reconciliation." It may refer to transactions associated with reconciling bank accounts against federal regulations or reporting requirements. However, the exact meaning can vary by bank, so it’s best to check with your bank for clarification on specific abbreviations.
