What does IBP mean on bank statement?
Inter-Branch Payment
Abbreviations on bank, credit card or utility statements
| Abbreviation | What it stands for |
|---|---|
| IBP | Inter-Branch Payment |
| IMO | International Money Order |
| INT | Interest |
| ISA | Individual Savings Account |
What is an IBP payment NatWest?
IBP. Inter-Branch Payment. Transfer of money between accounts at different NatWest branches.
What is inter-branch payment?
Inter-Branch Payment. Transfer of money between accounts at different Royal Bank branches.
What is a DRS Overfund payment?
You can pay a maximum of £150 into your Digital Regular Saver each calendar month, not including any Round Ups. If you do pay in more, we’ll send the excess back to your current account. The returned money will appear on your transactions list as “DRS Overfund ‘current month'”.
What is inland bill purchase?
Definition of inland bill : a bill of exchange that is or on its face purports to be both drawn and payable within the jurisdiction (as country or state) where it is presented — compare foreign bill.
How do I find out what a charge is on my bank statement?
Contact the bank. Whether you call your bank’s customer service telephone line, send a message through your bank’s online banking portal or visit the bank in person, contacting the bank is a critical step.
What does inter branch mean?
Definition of interbranch : occurring between or involving two or more branches or divisions … drowning our local librarian with inter-branch loan requests, as I read everything possible on the Caucasus.—
What is a DRS Overfund on my bank statement?
What is DRS on my bank statement?
← External Debt. The World Bank Debtor Reporting System (DRS) was established in 1951. The DRS system captures detailed information at loan level for external borrowing of reporting countries using standardized set of forms. Form 1: Description of Individual External Public Debt and Private Debt Publicly Guaranteed.
What is a inland bill and example?
A bill is drawn by the seller in Chennai on a buyer in Washington (US) but is made payable in Mumbai (India) is an inland bill. The bill is drawn by a seller in Jaipur (India) on a buyer in Hyderabad (India) accepted for payment in Sydney (Australia) is an inland bill.
What is sod in banking?
SOD (Secured Overdraft) is a continuous credit limit allowed favoring business entity, individual, against financial obligations (FDR, and different Scheme Deposits of our Bank). Features. This is a continuous loan. Continuous drawing and adjustment is possible. Any branch transaction is allowed.
How can I find out where a payment came from?
Log on to your bank account online and go to the statements section. Bring up copies of each statement listed until you find the transaction you are looking for. Note the date and the amount for the unknown transaction on the bank statement.
What is inter branch transfer?
Introduction. An interbranch transfer is the process of moving inventory from one location to another location within the internal business environment. For example, transfer of inventory from one warehouse to another warehouse.
What is inter Brch fee?
NEFT
| Amount | Rate | Minimum Charge |
|---|---|---|
| Above Rs. 1 lakh and upto Rs. 1,29,000/- | Rs.10/ plus Rs.0.50 per Rs.1,000/ for the amount in excess of Rs.1,00,000/- | Rs.10/- per txn |
| Rs. 1,29,001/- and above | Rs.25/ per transaction, irrespective of amount of remittance | Rs.25/- per txn |