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internet banking...ussually reflected as a charge for Internet Banking

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13y ago

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What does IB mean on your bank statement?

On your bank statement, "IB" typically stands for "Internet Banking." It indicates transactions that were initiated through your bank's online banking platform. This could include payments, transfers, or any other banking activities performed online. If you see "IB" associated with a specific transaction, it usually means that it was completed via your internet banking account.


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IB BillPay, or Internet Banking Bill Payment, is a service offered by banks that allows customers to pay their bills online through their bank account. In a bank statement, transactions related to IB BillPay typically appear as electronic payments made to various billers. This service streamlines the payment process, enabling users to manage and track their bills conveniently from a single platform. It enhances efficiency and helps avoid late payments by providing a clear record of all transactions.


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