ChatterBank0 min ago
Understand Bank Statements
15 Answers
I’ve need help understanding a portion of a bank statement plz.
I’ve been sent a screen shot so can’t see total page.
7 columns
1st: funds transfer
2nd the sort code and account number on top with funds transfer written below
3rd: non ref
4th: debit
5th:25 oct
6th blank
7th: -£446
I’ve been sent a screen shot so can’t see total page.
7 columns
1st: funds transfer
2nd the sort code and account number on top with funds transfer written below
3rd: non ref
4th: debit
5th:25 oct
6th blank
7th: -£446
Answers
Best Answer
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For more on marking an answer as the "Best Answer", please visit our FAQ.1st:You have transferred funds.
2nd: Is it your sort code and acc number? If so then this is the account the money has been transferred FROM. If it is not your sort code and acc number, then this is the account the funds hvae been transferred TO
3rd The Transferor/Transferee has not provided a reference number
4th it was a debit not a credit
5th Date of Transfer
7th Amount transferred -as its a negative I would presume this has been transferred OUT of your account.
2nd: Is it your sort code and acc number? If so then this is the account the money has been transferred FROM. If it is not your sort code and acc number, then this is the account the funds hvae been transferred TO
3rd The Transferor/Transferee has not provided a reference number
4th it was a debit not a credit
5th Date of Transfer
7th Amount transferred -as its a negative I would presume this has been transferred OUT of your account.
That’s a difficult one! If, in the 2nd column, the sort code and account number is not one of your own accounts it would appear that £446 has been transferred to that account (detailed in Column 2) without a reference being quoted.
If the account (in column 2) is yours then you would need to ask the Bank where the money has been transferred.
There’s not a corresponding credit for that amount as well is there? Sometimes these things are processed in genuine error.
However, if there is not and you have not authorised any payments then you should contact your Bank to get a full explanation straightaway rather than what sounds like being fobbed off and sent a screenshot without any details.
If the account (in column 2) is yours then you would need to ask the Bank where the money has been transferred.
There’s not a corresponding credit for that amount as well is there? Sometimes these things are processed in genuine error.
However, if there is not and you have not authorised any payments then you should contact your Bank to get a full explanation straightaway rather than what sounds like being fobbed off and sent a screenshot without any details.