Written by John Kruse, one of the leading experts on Bailiff Law, this consumer friendly guide is essential reading for anyone who comes into contact with a bailiff.
The book is easy to understand and clearly explains the rights
a bailiff has, and also what they cannot do when collecting debts and repossessing goods etc.
The following list of abbreviations, used on Barclays bank statements is probably pretty much the same for other banks........
What do the abbreviations mean on my statement?
Here's a list of what common banking abbreviations relate to:
APR - Annual Percentage Rate (relates to credit interest).
BBP - bill payment.
BCC - Barclays Connect Card.
BGC - bank giro credit.
CAT - a standard applied to ISAs that stands for reasonable Charges,
easy Access, fair Terms.
CDL - Career Development Loan.
CHAPS - Clearing House Automated Payment System (a means of
transferring money).
DDR - direct debit.
DR - debit balance (overdrawn).
IBAN - International Bank Account Number (you can find this on your
statement).
IMO - International Money Order.
ISA - Individual Savings Account.
REM - remittance: a cheque credited to your account that was not paid in
at your home/own account-holding branch or bank.
REV - reversal: a standing order or Direct Debit has been recalled.
STO - standing order.
UNP - unpaid.
I originally posted this in the Barclays section, but as it may be of some use in other banks, I have re-posted it here as well.
I have deleted the other one, in the hope that any other queries relating to abbreviations can be kept in the same place, so that everyone can see them.
Many thanks...
..
.
Opinions given herein are made informally by myself as a lay-person in good faith based on personal experience. For legal advice, you must always consult a registered and insured lawyer.
Advice & opinions of mechs, The Consumer Action Group and The Bank Action Group are offered informally, without prejudice & without liability. Seek advice of a qualified insured professional if you have any doubts.
Hello everyone! I'm translating a bank statement into spanish and found some abbreviations hard to understand, I hope you could help me out, thanks in advance.
DATE AMOUNT TRANSACTION DESCRIPTION
11/10 1,250,000.00 INT BH TRNSFR DR TO TEL AVIV
11/30 1,852.10 OD FINANCE CHARGE
OD is overdrawn.
ST transfer= Standard Transfer(ie you can have standard or urgent transfer). I have seen Standard transfer referred to as STD(so I think you were lucky ).
I'm with First Direct and Natwest and they are a bit different on one:
DR account overdrawn OR debit item
This is important as I've seen a lot of answers to this question elsewhere state that DR simply means you are overdrawn. Certainly doesn't in my case. I think the answers.com list is possibly a bit more accurate. wiki.answers.com/Q/What_do_DR_on_a_bank_stat ement_mean