What does POS mean on a bank statement?

Answer The acronym POS on a bank statement means that the transaction was made at a location that uses a Point of Sale system. This term refers to computerized systems used by businesses to record transa... Read More »

Top Q&A For: What does POS mean on a bank statement

Can You Withdraw From Your Own Bank Account Without Withdrawal Appearing on Your Bank Statement?

Your bank records your bank withdrawals on monthly statements. If you bank with an institution that provides online banking, withdrawals are also visible as they post, though this information is on... Read More »

What does a dpc mean on a bank statement?

DPC is a rarely used acronym occasionally seen on statements published by banks or other financial institutions. DPC stands for "Delayed Payment Charge," which is essentially the same thing as a l... Read More »

What does P/C mean on a bank statement?

The letters "P/C" on a bank statement could mean a number of things, including "Purchase/Cashback" (TD Canada Trust), or "Petty Cash" (for certain fund options), or even "Property/Casualty" (for ce... Read More »

What is a bank statement?

A bank statement is necessary for keeping good financial records. It allows you to see what changes are being made to your bank account and to make sure that you understand and authorize all of tho... Read More »