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Most common bank statement abbreviations and how they affect your balance

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dailyrecord.co.uk
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Bank statements are available in a variety of different formats including paper and digital, with millions of mobile users now able to instantly access historical money movement on their account.

However, whatever format you choose to view your statement on, most of them have bank code abbreviations down one side and while some are easy to decipher, there are a few that you may not be aware of their meaning.

Savings platform Raisin UK have put together a list of the most common abbreviations used by banks in the UK to help more people understand the comings and goings of their account.

Just remember, if you have concerns about any transactions found on your bank statement or any abbreviations you see on it that you can’t find in the list.

Read more on dailyrecord.co.uk
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