What does MIF-SWP MSPDIV on my bank statement mean?

Answer 1

What does MIF-SWP-MSP on my bank account mean

Answer 2

Well, darling, MIF stands for Monthly Inactivity Fee, SWP is probably Standing Withdrawal Payment, and MSPDIV likely refers to a Monthly Service Provider Dividend. So, it seems like your bank is just finding creative ways to take your hard-earned cash. Time to give them a piece of your mind or find a new bank that doesn't speak in secret code.

Answer 3

The abbreviation "MIF-SWP MSPDIV" on a bank statement typically refers to a Mutual Fund Switch (MIF) transaction involving a Mutual Fund Share Purchase (MSP) with Dividends (DIV). This indicates that you have switched funds within a mutual fund account and purchased additional shares that paid dividends. It is recommended to review your investment portfolio and consult with your financial advisor for a detailed analysis of this transaction.

Answer 4

Well, isn't that a happy little mystery on your bank statement! MIF-SWP likely stands for Monthly Investment Fee - Service Withdrawal, and MSPDIV could be Monthly Service Provider Dividend. It sounds like some fees and dividends related to your investments or financial services. Just a little reminder to keep an eye on your finances and stay curious about where your money goes.