What Does Indn Mean On A Bank Statement?

How do I find out what charges are on my bank statement?

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.

Contact the vendor who charged.

Check your receipts or account documentation..

How do I check credit transactions?

A transaction is regarded as a credit transaction if: The words “on credit” or “on account” are mentioned in the transaction. For example, Bought goods worth $5000 on credit. (b). The name of the seller or buyer is mentioned in the transaction and the word “Cash” is not mentioned.

How do I pay into someone’s bank account?

Five alternatives to cash depositsMake an electronic transfer. You can easily transfer money into a friend’s or relative’s account through a service such as Venmo, PayPal or Square Cash. … Write a check. … Send a money order. … Add an additional owner to your account. … See what other banks offer.

What are sundry items?

Sundries (singular sundry) may refer to: Miscellaneous small items, usually of no large value and too numerous to mention separately, such as. Dry goods. Toiletries.

What is the difference between cash and credit transactions?

The only difference between cash and credit transactions is the timing of the payment. A cash transaction is a transaction where payment is settled immediately. On the other hand, payment for a credit transaction is settled at a later date. … That can also be classified as a cash transaction because you paid immediately.

What is the safest way to transfer money?

Here are the best ways to send money:Cash. Max transfer amount: No limit. … Bank transfer. Max transfer amount: No limit, although there may be internal transfer limits. … PayPal. Max transfer amount: $10,000 per transaction. … Google Wallet. … Venmo. … Xoom. … USForex.

What does transfer mean on a bank statement?

Transfer. Transfer of money between accounts. TLR. Teller Transaction. A transaction carried out using a bank branch.

How do you transfer money to someone?

How to make a bank transferOnline bank transfers. Log in to your online account and select the option for making a payment. … Telephone transfers. Call your bank’s telephone banking service. … In-branch bank transfers. If you have the money in cash, you can pay it into the account of the person you owe it to in-branch.

What do you need to deposit money into someone’s account?

The most basic way to move money into someone else’s account is to walk into the bank and tell the teller you’d like to deposit cash. You’ll need the recipient’s full name and bank account number to complete the deposit. Some banks are banning cash deposits into someone else’s account, though.

How can I send money to someone instantly?

How to send money online, on mobile or in personVenmo: Best rated for mobile.Zelle: Fastest for domestic transfers (tie with Google Pay).Google Pay: Fastest for domestic transfers (tie with Zelle).PayPal: Most popular online.Walmart-2-Walmart: Best for nonbank transfers.More items…

What do the abbreviations on my bank statement mean?

ISA – Individual Savings Account. REM – remittance: a cheque credited to your account that was not paid in at your account-holding branch or bank. REV – reversal: a standing order or Direct Debit has been recalled. STO – standing order.

How do I direct deposit into someone else’s account?

How to Make Direct Deposits Into Someone’s Checking AccountGet the routing number and the account number for the person’s bank account. … Call your bank or log on to the online account management area. … Enter the routing number and account number for the checking account to which you want to directly deposit money.Enter the amount of money you would like to deposit.More items…•

Can I get my stimulus check deposited into someone else’s account?

Yes, but the funds will be deposited into that account. You may be able to change by selecting https://www.irs.gov/coronavirus/economic-impact-payments and select the get my payment option to update your bank account information.

What to do if you see a transaction on your account?

Monitor Your Account and Credit CloselyContact Your Bank.Contact the Vendor.Dispute the Charge.File a Fraud or Police Report.Switch Your Bank Drafts.Monitor Your Account.

What is cash credit on my bank statement?

A Cash Credit (CC) is a short-term source of financing for a company. … It enables a company to withdraw money from a bank account without keeping a credit balance. The account is limited to only borrowing up to the borrowing limit. Also, interest.

What are some examples of credit transactions?

Examples Credit transactions include accrual of utility bills which can be paid subsequently, sale and purchase of goods on credit basis etc.

What is the purpose of a bank statement?

A bank issues a bank statement to an account holder that shows the detailed activity in the account. It allows the account holder to see all the transactions processed on their account. Banks usually send monthly statements to an account holder on a set date.

What is sundries on my bank statement?

Sundries , or sundry expenses, are costs that can’t be easily allocated to any other nominal account.

What is credit transaction example?

Credit transaction means any transaction by the terms of which the repayment of money loaned or loan commitment made, or payment for goods, services, or properties sold or leased, is to be made at a future date or dates. Sample 2.

Can you transfer money to another person’s bank account?

If you have the recipient’s account number and transit routing number, you can use online banking or an app to transfer money into their account. You might do this with someone you regularly send money to, such as a family member. This is also a great way to transfer money between your own accounts.