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  • carl0s
    • #2
    • 8th May 10, 12:33 PM
    • #2
    • 8th May 10, 12:33 PM
    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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