Overlay
View a list of common statement references and what they mean
Help with your statements
Edit to place title content in this section.
What's displayed
|
What it stands for
|
What it means
|
---|---|---|
AER | Annual equivalent rate | The AER is used for accounts where you earn interest. It shows what the gross credit interest would be if we paid it to the account every year and you received interest on that interest as part of the account balance |
ATM | Automated Teller Machine | A cash dispenser or cash machine transaction |
BAC | Automated credit | Deposit cash or cheque over the branch counter with your paying in book |
BGC | Bank Giro Credit | Deposit cash or cheque over the branch counter with your paying in book |
BSP | Branch single payment | Bill or third party payment made within a branch |
CDM | Cash and deposit machine | Cash and deposit machines can be used to process pay-ins, bill payments and withdrawals, as well as cash withdrawals. |
'Charge' |
Charge (previously displayed as CHG) | fees debited against your account |
CHP | Payment by CHAPS transfer | Electronic transfer for large payments between accounts sent and received on the same day i.e. mortgage settlement |
CHQ | Cheque | A document that orders the payment of money from a bank account to another person or organisation |
CUI | Centralised Unpaid In (Unpaid Cheque) | Transaction on your account which relates to an unpaid cheque |
D/D | Direct Debit | A regular payment of a variable amount from your account to a third party or company |
DIV | Dividend | An electronic credit to your account from shares held by you |
DR | Account Overdrawn or Debit Item | An indicator on your statement to show that your balance is less than zero |
EAR | Effective annual rate | The EAR is the real cost of an overdraft shown as a yearly rate and takes into account how often we charge interest to the account. It does not include any other charges, such as arrangement fees, which will be shown separately if they apply. |
ERTF | Exchange rate transaction fee | A transaction related to the use of your debit card at an ATM or POS outside the Republic of Ireland |
Gross Rate | Interest paid on borrowing | For interest due on credit balances, Gross Rate means the interest rate we pay you before tax, if this applies. For interest due on overdrawn balances, Gross Rate means the interest rate you pay on borrowing, if this applies |
IBP | Inter-branch payment | Transfer of money between accounts at different branches |
INT | Interest | A transaction on your account associated with interest earned or incurred on your balance |
ITL | International | Transfer of money from your account to an account outside the Republic of Ireland |
NDC | Non dividend counterfoil | A credit to your account from shares held by you |
OTR | Online banking transaction | Transaction carried out by using online banking |
POC | Post office counters | A transaction carried out at An Post |
POS | Point of Sale / Debit card transaction | A purchase made with your debit card e.g. within a retailer or online |
S/O | Standing order | A regular payment of a fixed amount from your account to another account, a third party or company |
SBT | Screen based transaction | A transaction processed by the branch on your behalf |
TSU | Telephone banking transaction | A transaction carried out using telephone banking |
TFR | Transfer | Transfer of money between accounts |
TLR | Teller transaction | A transaction carried out using branch banking |