What is involved in reconciling a bank statement?

Answer Reconciling your bank account is the process of verifying your account's balance by taking into account checks that have not yet cleared and deposits not yet processed, among other things. The Hens... Read More »

Top Q&A For: What is involved in reconciling a bank statement

Definition of Reconciling a Bank Statement?

Finances are largely handled by banks, which move money in and out of accounts as required by businesses or individuals. This requires that banks listen very carefully to instructions and have set ... Read More »

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"POS"mean on a bank statement?

When you see the abbreviation "POS" on your bank statement it is short for "point of sale," which refers to the location where you made a purchase. In a business setting, POS is the system used by ... 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 »