A 220 page introduction to all things consumer related by our own BankFodder.
Includes energy companies, mobile phone providers, retailers, banks, insurance companies,debt collection agencies, reclaim companies, secondhand car sellers, cowboy garages, cowboy builders and all the rest who put their own profits before you.
Cagger since : Mar 2006
Posts : 13,571 (3.53 post per day)
Bank Statement Abbreviations.
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
DDR - direct debit.
DR - debit balance (overdrawn).
IBAN - International Bank Account Number (you can find this on your
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.
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.
Cagger since : Apr 2011
Posts : 1 (0.00 post per day)
Re: Bank Statement Abbreviations.
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