What is online phone XFR?

What is online phone XFR?

ACH XFR stands for Automated Clearing House transfer and is an electronic funds transfer (EFT) type of transaction. Let’s say you pay your electric bill online and link up your bank account, that’s an ACH transaction.

What does POS WD mean?

A transaction type labeled “POS” means that your debit card was used to make a purchase at a point-of-sale location, such as a store’s cash register or electronic checkout terminal.

What does TFR mean on bank statement?

Transfer Transfer of money between accounts

Abbreviations on bank, credit card or utility statements
ABBREVIATION WHAT IT STANDS FOR DESCRIPTION
TFR Transfer Transfer of money between accounts.
TLR Teller Transaction A transaction carried out using a bank branch.
UNP Unpaid A cheque credited to your account that was not paid in at your account-holding branch or bank.

What does XFR W D mean?

XFR = Transfer. Amount Requested. Original amount requested – may not be amount posted to member’s account.

What is ATM XFR?

XFR (Transfer Transactions) A transfer made at an ATM.

What is account XFR?

XFR = Transfer. Amount Requested. Original amount requested – may not be amount posted to member’s account. Example: The member requests a $100 withdrawal from the ATM, but the ATM machine only has $80.

What is reverse ATM withdrawal?

Transaction Reversal Fraud (TRF) is a method used by criminals to steal cash from ATM’s. with TRF, criminals generally jam the ATM by reversing the host application software logic to remove money from the cash dispenser. Skimmed cards or stolen cards are used by criminals to avoid detection.

What do you mean by debit advice?

Functional Definition A Debit Advice is used to advise a customer/account holder of a withdrawal from his/her account with a financial institution. A Debit Advice accordingly informs the customer about debit transactions towards an account, including details on dates, amounts, charges, etc.