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'MSP' stands for Merchant Service Payment, and is a generic description for a credit to your account. Often times, the company will include a short description in front of the MSP in order to help you determine the source.

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What does msp mean on a bank statement in Alberta?

On a bank statement in Alberta, "MSP" typically refers to the Medical Services Plan, which is the provincial health insurance program that covers medically necessary services for residents. Charges labeled as MSP may relate to health insurance premiums or associated fees. If you see this on your statement, it's likely related to your health coverage costs.


What does msp on my bank statement mean?

MSP on your bank statement typically stands for "Merchant Services Provider." It refers to charges related to transactions processed through a payment processor, often associated with debit or credit card payments. If you see this on your statement, it may indicate fees from a specific merchant or service you used. If you're unsure about the charge, it's advisable to contact your bank for clarification.


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