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PTB withdrawal on a bank statement typically refers to a withdrawal made via a Point of Transaction Banking (PTB) service, which may include ATM transactions, debit card purchases, or other electronic funds transfers. This notation indicates that funds were deducted from your account at a specific point of sale or banking transaction. If you have concerns about specific transactions labeled as PTB withdrawals, it's advisable to review your account activity or contact your bank for clarification.

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3d ago

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The acronym PTB is used to indicate an ATM withdrawal. This can be found on the bank statement for RBC bank.


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According to Online Banking section of RBC Royal Bank website: When transactions are processed through Online Banking they will first appear as PTB (Personal Touch Banking) transactions. This provides you with real-time balances and transactions. On the following day, these transaction codes will be updated with the appropriate details included.


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A PTB withdrawal at RBC Bank refers to a "Pre-Authorized Transfer or Bill" withdrawal, typically involving automatic transfers or payments made from your account. This could include recurring payments such as utility bills or loan payments that are set up to occur on a scheduled basis. If you see this on your bank statement, it indicates that funds have been withdrawn for these pre-authorized transactions.


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