FPI = Fast Payment Initiative ,
Basically its a form of instant money transfers between bank accounts
Faster Payment Incoming
FPI on a Lloyds bank statement stands for "Faster Payments Initiative." It indicates that a transaction was processed using the Faster Payments service, which allows for near-instantaneous money transfers between participating banks in the UK. This service is commonly used for personal and business transactions, making it a convenient option for sending and receiving funds.
What does TDN mean on bank statement
on a bank account statement, it means Payable On Death
indication
Faster Payment Incoming
FPI = Fast Payment Initiative , Basically its a form of instant money transfers between bank accounts
FPI on a Lloyds bank statement stands for "Faster Payments Initiative." It indicates that a transaction was processed using the Faster Payments service, which allows for near-instantaneous money transfers between participating banks in the UK. This service is commonly used for personal and business transactions, making it a convenient option for sending and receiving funds.
Why use FPI for a daily transfer instead of a daily transfer?
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MAE mean on a bank statement
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ITL on a bank statement means International.
on a bank account statement, it means Payable On Death
indication