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"DPC" on natwest statement
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# 1
Old 16-02-2009, 12:36 PM
MoneySaving Convert
Join Date: May 2005
Location: manchester
Posts: 86
Default "DPC" on natwest statement

i have "DPC" on my statement (in the column where it says things like INT (interest), TRF (transfer) etc.

what does DPC mean?
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# 2
Old 08-05-2010, 12:33 PM
MoneySaving Convert
Join Date: Jul 2008
Location: Manchester, England, UK.
Posts: 59

It means Direct banking via PC, e.g. Digital Banking.
On my statements it is the abbreviation used when I make a payment via online banking, which I had always called BACS, but wanted to find out the proper name for, since it's a same-day service now, and my bank have described it as "Faster payments". I still tell my suppliers that I have "paid via BACS" though ..

Here's the list of abbreviations from my RBS Digital Banking, which is probably identical to NatWest's:
Do you have a list of statement abbreviations?

Below are the most common abbreviations that may be displayed on your bank account statement.

BAC - Automated Credit
BGC - Bank Giro Credit
BSP - Branch Single Payment
C/L - Cashline/Cash machine
CHG - Charge
CHP - Payment by CHAPS transfer
CHQ - Cheque
CUI - Centralised Unpaid In (Unpaid Cheque)
CWP - Cold Weather Payment
D/D - Direct Debit
DIV - Dividend
DPC - Direct Banking by PC
DR - Account Overdrawn or Debit Item
DWP - Department for Work and Pensions
ERTF - Exchange Rate Transaction Fee
IBP - Inter-Branch Payment
INT - Interest
ITL - International
NDC - Non Dividend Counterfoil
POS - Point of Sale/Debit Card Transaction
S/O - Standing Order
SBT - Screen Based Transaction
TFR - Transfer
TLR - Teller Transaction
TSU - Telephone Banking
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