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It could mean:
Internal Transfer of Funds
In Trust For
Interim Trust Fund
International Trust Fund
If the bank account is a ITF ("in trust for") or FBO ("for benefit of") type of trust account, then the beneficiary will gain immediate control of the account upon your death without going to court, though possibly subject to estate tax.
What else can I help you with?
What does ITF internal transfer of funds mean on a bank account?
what does itf mean on a bank account
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
Can the named ITF withdraw the bank account funds?
No the person can not transact on the account.
What does ITF internal transfer of funds mean on a bank account?
what does itf mean on a bank account
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
Can the named ITF withdraw the bank account funds?
No the person can not transact on the account.
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.
