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Chg in banking terms may refer to a Charge or a Fee that a bank may charge your bank account for some reason. For ex: If the minimum balance requirement in your account is Rs. 1000/- and you fail it, the bank may go ahead and charge you a penalty fee (as per the account opening agreement) on your account. This will reflect as "Chg" in your statement.
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What does chg stand for on your bank statement?
what dose chg maens
What does tomc mean on your bank statement?
Tomc is not a common abbreviation on a bank statement. You can contact your local bank for a list of terms related to bank statements. Examples of commonly found abbreviations on a bank statement are TRF, DR, and CHG. TFR stands for transfer, DR is a debit, and CHG is a charge or fee from your bank.
What does chg mean on a bank statment?
Chg = charge
What does CHG stand for on a bank statement?
On a bank statement, "CHG" typically stands for "charge." It indicates a transaction where money has been deducted from your account, often related to purchases, fees, or other expenses. This abbreviation helps to identify the nature of the transactions listed on the statement.
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indication
