Complete glossary — 50+ entries

Bank statementabbreviationsACH · NSF · POS · OD · CR · DR · MTD · ITF · DDA · and more

Every code, prefix, and abbreviation that appears on a bank statement — explained in plain English.

Transaction codesFee abbreviationsDigital payment codesAccount terms

Transaction types

CodeFull nameWhat it means

ACHAutomated Clearing HouseElectronic bank transfer — payroll, bill pay, P2P

POSPoint of SaleDebit card purchase at a physical terminal

ATMAutomated Teller MachineCash withdrawal from ATM

EFTElectronic Funds TransferGeneric term for any electronic transfer

WIREWire TransferBank-to-bank transfer, usually same-day and international

CHKCheckPaper check payment — often followed by check number

PMTPaymentGeneral payment entry — bill payment, loan payment, etc.

XFERTransferTransfer between accounts — internal or external

DEPDepositMoney deposited into the account

WDWithdrawalMoney withdrawn from the account

Credit & debit notation

CodeFull nameWhat it means

CRCreditMoney added to account (deposit, refund, interest)

DRDebitMoney removed from account (purchase, fee, withdrawal)

OBOpening BalanceAccount balance at start of statement period

CBClosing BalanceAccount balance at end of statement period

BALBalanceRunning account balance after each transaction

ADBAverage Daily BalanceAverage balance across all days in period — used for interest

MTDMonth-to-DateTotal from start of current month to date

YTDYear-to-DateTotal from January 1 to current date

Fees & penalties

CodeFull nameWhat it means

NSFNon-Sufficient FundsFee for a returned payment — account lacked funds

ODOverdraftFee when bank covers a transaction that exceeds balance

MSFMonthly Service FeeRegular account maintenance fee

RTNReturn / Returned ItemPayment returned unpaid — check or ACH bounce

STOP PMTStop PaymentFee for requesting a check to be stopped

RD CHKReturned / Dishonoured CheckCheck returned unpaid (bounced)

LATE FEELate Payment FeePenalty for missed payment due date (credit cards)

Account & product codes

CodeFull nameWhat it means

DDADemand Deposit AccountFormal term for checking account

MMAMoney Market AccountHigh-yield savings with limited transactions

CDCertificate of DepositFixed-term savings product

LOCLine of CreditRevolving credit facility

HELOCHome Equity Line of CreditCredit secured by home equity

ITFIn Trust ForAccount held in trust for a named beneficiary

PODPayable on DeathBeneficiary receives account balance on death

Digital & P2P payments

CodeFull nameWhat it means

ZELLEZellePeer-to-peer bank transfer via Zelle network

VENMOVenmoP2P payment via PayPal-owned Venmo

PPLPayPalPayment via PayPal

CASHAPPCash AppP2P payment via Square's Cash App

AMZN MKTPAmazon MarketplacePurchase from third-party seller on Amazon

AMZN DIGITALAmazon DigitalKindle, app, in-app, or digital content purchase

SQ *SquarePurchase via Square card reader — small business

Common merchant prefixes

CodeFull nameWhat it means

TST*Toast (restaurant POS)Payment at a Toast-powered restaurant

SQ *SquarePayment via Square card reader

SP *Shopify PayOnline purchase via Shopify checkout

PP *PayPalPayPal transaction with merchant name after *

ORIG COOriginating CompanyACH debit — company name follows

PREAUTHPre-authorisationTemporary hold — card swiped, final amount pending

MEMOMemo / NoteInformational entry only — no funds movement

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Bank statement abbreviations FAQ

What does ACH mean on a bank statement?+−

ACH stands for Automated Clearing House — the electronic network used for direct deposits, bill payments, and bank-to-bank transfers in the US. "ACH CREDIT" means money was deposited electronically (e.g., payroll direct deposit). "ACH DEBIT" means money was withdrawn electronically (e.g., automatic bill payment).

What does NSF mean on a bank statement?+−

NSF stands for Non-Sufficient Funds. An NSF fee appears when a payment (check or ACH) is returned because your account didn't have enough money to cover it. You'll usually see both a returned item and an NSF fee charge — typically $25–$35 per occurrence.

What does POS mean on a bank statement?+−

POS stands for Point of Sale — a debit card purchase made at a physical terminal (store, restaurant, gas station). The entry usually shows "POS PURCHASE" or "POS DEBIT" followed by the merchant name and sometimes a location.

What does OD or overdraft mean on a bank statement?+−

OD stands for Overdraft. An overdraft occurs when a transaction exceeds your available balance and the bank covers it anyway. "OD FEE" or "OVERDRAFT FEE" is the charge for this service — typically $25–$35. Some banks show "OD PROTECTION TRANSFER" if funds were moved from a linked savings account.

What does CR and DR mean on a bank statement?+−

CR means Credit — money added to your account (deposits, refunds, interest). DR means Debit — money subtracted from your account (purchases, withdrawals, fees). Some banks use these abbreviations in transaction descriptions or balance columns.

What does ITF mean on a bank statement?+−

ITF stands for "In Trust For" — it appears on accounts held in trust for a beneficiary, such as accounts a parent holds for a child. It's part of the account title, not a transaction type.

What does MTD and YTD mean on a bank statement?+−

MTD means Month-to-Date — the total of a value (deposits, withdrawals, interest) from the start of the current month to the current date. YTD means Year-to-Date — the same total from January 1 to the current date. These appear in summary sections of some statements.

What does DDA mean on a bank statement?+−

DDA stands for Demand Deposit Account — the formal banking term for a checking account (funds available on demand without notice). You may see "DDA TRANSFER" for transfers between checking accounts.

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