Bank Lingo

What is a Bank Statement?

• A summary of all transactions and your balance over a period of time

• A receipt from a shop

• A message from your bank asking for feedback

• A bill that must be paid monthly

What does DR mean on a bank statement

• Deposit received

• Debit - money out

• Direct revenue

• Daily Rate

What does SO stand for?

• Standing Order

• Single Outgoing

• Statement Overview

• Savings Options

What is a Direct Debit (DD)?

• A one-off payment you set up

• A fixed amount payment where you control the amount and date

• A regular payment where the company control the amount and date

• An ATM withdrawal

What does BAL show on a bank statement

• Total amount paid this month

• Cost of your last transaction

• Current balance

• Average Income

What is an ATM transaction?

• Money paid for an online purchase

• A cash withdrawal from a machine

• A loan application

• A mobile payment

What does POS stand for?

• Point of Sale – Card payment at a shop

• Payment of Salary

• Purchase on Savings

• Pay or Save

What does CR next to a transaction mean?

• Customer Refund

• Credit – Money in

• Card Reversal

• Contactless Record

What should you do if you see a transaction you don't recognise?

• Ignore it

• Ask your friend if it’s theirs

• Delete the transaction from your app

• Report it to your bank immediately