Admin Table of Contents
- 1 What does so ap mean BMO?
- 2 What is BP so?
- 3 How do I cancel a bill payment BMO?
- 4 What are the 3 main types of bank transactions?
- 5 What does FPI mean on bank statement?
- 6 What is my BMO bank account number?
- 7 What is a bank statement and how do I get one?
- 8 What do the abbreviations on bank statements mean?
What does so ap mean BMO?
A standing order (or Recurring Transfer) is an instruction a bank account holder gives to the Bank to pay a set amount at regular intervals to another account holder. It is referred to as a Recurring Transfer in Online Banking.
What are the bank transaction codes?
Transaction codes
| Code | Transaction Type |
|---|---|
| CD | Customer Deposit |
| CK | Cheque |
| CM | Credit Memo |
| CW | Telephone/Online banking |
What is BP so?
The abbreviation BP on your bank statement means you’ve made a bill payment. You might also see an extension of this, BP/SO, which stands for bill payment and standing order. This means you’ve paid a bill by standing order.
What is BMO bank code?
001
BMO institution number. An institution number is the three-digit code assigned to each bank to uniquely identify it. The institution number for Bank of Montreal is 001.
How do I cancel a bill payment BMO?
If you paid a bill through BMO Online or Mobile Banking, Telephone Banking or at a branch from a bank account, you can cancel the payment by signing in to BMO Online Banking and: Click Payments & Transfers in the navigation menu at the top. Select Cancel a Payment in the left hand navigation menu.
How do I cancel a pending transaction BMO?
To cancel a payment,:
- Click on Payments & Transfers.
- Select Cancel a Payment.
- Confirm that you have selected the right bill.
- click on Cancel Payment.
What are the 3 main types of bank transactions?
Based on the exchange of cash, there are three types of accounting transactions, namely cash transactions, non-cash transactions, and credit transactions.
What does incorrect transaction code mean?
Your card processor has notified you that a cardholder is disputing a transaction that you processed. You sent a transaction with an incorrect transaction code (i.e., you meant to send a credit, but you actually sent a sale or you meant to process a sale and sent a credit).
What does FPI mean on bank statement?
Faster Payments Inwards
What do the statement transaction codes mean?
| Code | Description |
|---|---|
| FPI | Faster Payments Inwards |
| FPO | Faster Payments Outwards |
| INT | Interest – Credit Or Debit |
| OTH | Other |
Why is there a barcode on my bank statement?
In financial institutions the Barcodes are primarily used for tracking Documents. The Barcode Information should contain the Address mentioned in the Document. The address/other details on the Document can be easily falsified, but to falsify the Barcode is difficult.
What is my BMO bank account number?
Log in to your BMO online banking account. Click on the “My Accounts” tab at the top of the page. On the left side of the page, select the account that you want your routing number for. You’ll see your branch number and institution number in the blue box at the top of the screen.
How do I read my BMO bank statement?
Desktop or Mobile
- Log into your BMO online banking profile.
- Once you are logged into your online mobile banking profile, choose chequing.
- Choose ‘i’ in top right corner.
- Scroll to bottom, Choose ‘Details’ beside Statements.
- Choose most recent statement.
What is a bank statement and how do I get one?
An official bank statement is typically sent by the bank to the account holder every month, summarizing all the transactions of an account during the month. Bank statements contain bank account information, such as account numbers and a detailed list of deposits and withdrawals. How Can I Get a Bank Statement?
What does BP/so mean on a bank statement?
You might also see an extension of this, BP/SO, which stands for bill payment and standing order. This means you’ve paid a bill by standing order. BGC stands for bank giro credit. If this abbreviation is on your statement, it means you’ve deposited cash or cheques at a branch.
What do the abbreviations on bank statements mean?
As there’s no set standard for statement abbreviations, terms are likely to differ slightly across different banks or utility providers. For instance, the long-winded ‘Clearing House Automated Payment System’ term is referred on a Barclays bank statement as the acronym CHAPS, while on a NatWest statement it’ll be known simply as CHP.
What does it mean when you see Pos on bank statement?
It means you’ve received money from another account. You’ll find POS on your bank statement if you’ve made a purchase using your debit card. If you see FPO on your bank statement, it means ‘Faster Payment Outwards’, and indicates you’ve sent money to another account. S/line stands for statement line.