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NatWest bank - what does OTR mean on a statement?
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# 1
Hootie19
Old 04-04-2011, 6:37 PM
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Default NatWest bank - what does OTR mean on a statement?

I'm looking after my daughter's accounts while she is in hospital and I can see a few transactions with the code OTR next to them.

I can't find anywhere on the NatWest site that tells you what the abbreviations mean. I'm thinking Online Transfer (i.e. between accounts). Is that it?
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# 2
YorkshireBoy
Old 04-04-2011, 6:47 PM
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Googling "natwest statement abbreviations OTR" returns a wikipedia document which lists it as, simply, "online banking"...

http://www.consumerwiki.co.uk/index...._on_Statements
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# 3
SimonM
Old 04-04-2011, 7:02 PM
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So much for Helpful Banking, seems even their paper statements don't detail what the acronyms mean.

However, I've found this list:
  • ATM - Automated Teller (Cash) Machine
  • BAC - Automated Credit
  • BGC - Bank Giro Credit
  • BSP - Branch Single Payment
  • CDM - Cash & Deposit 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
  • 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
  • OTR - Online Banking Transaction
  • POS - Point of Sale/Debit Card Transaction
  • S/O - Standing Order
  • SBT - Screen Based Transaction
  • TEL - Telephone Banking
  • TFR - Transfer
  • TLR - Teller Transaction
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# 4
James129
Old 04-04-2011, 7:14 PM
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Quote:
Originally Posted by Hootie19 View Post
I'm looking after my daughter's accounts while she is in hospital and I can see a few transactions with the code OTR next to them.

I can't find anywhere on the NatWest site that tells you what the abbreviations mean. I'm thinking Online Transfer (i.e. between accounts). Is that it?
Yep thats correct. Whenever I transfer money from current account to savings account or vice versa, these transactions apear as OTR on monthly statements.
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# 5
noizeuk
Old 04-04-2011, 7:51 PM
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OP, you are breaching the accounts terms and conditions by accessing an account which is not yours. FYI don't tell the bank this.

Im sure if the abbreviations were printed on the statements, care bear tree huggers would b.. and moan that NatWest are wasting paper. Helpful banking or not, no bank can win in this stupid country.
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# 6
stclair
Old 04-04-2011, 9:03 PM
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Quote:
Originally Posted by Hootie19 View Post
I'm looking after my daughter's accounts while she is in hospital and I can see a few transactions with the code OTR next to them.

I can't find anywhere on the NatWest site that tells you what the abbreviations mean. I'm thinking Online Transfer (i.e. between accounts). Is that it?
Did you not just think to ask your daughter?

Its against the banks terms and conditions to allow a third party access to there bank account BTW unless they have POA.
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# 7
vinh1000
Old 04-04-2011, 9:23 PM
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Quote:
Originally Posted by stclair View Post
Did you not just think to ask your daughter?

Its against the banks terms and conditions to allow a third party access to there bank account BTW unless they have POA.
account could be closed of that :S
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