Bill payment (BP)?

seashore22

I'm trying to understand some entries on a bank statement. They are as follows:

Bank statement of Mrs A Person

Date/BP (type)/Mr B Person (details)/£350.00 (paid out)


The bank account is in the sole name of Mrs A Person and I think BP stands for "bill payment". Other payments between these two people has been classified as a transfer and that makes more sense to me. Can anyone shine some light on this? How can a named member of the public be classed as a bill?

Is "bill payment" something that the sender can designate? That might be it.

Willing2Learn

I did a transfer this afternoon from my HSBC account to my TSB account. HSBC classify the transaction as a BP transaction. I also assume this is Bill Payment, even though it is a transfer between two of my personal accounts. No other bank I use does this, and I've got over 10 current accounts.

EssexExile

Same here with Santander, payments to my other accounts are called "Bill payments".

seashore22

Thanks for the replies.

I wonder why some have the code for a transfer and some have this bill payment thing.

eskbanker

seashore22 wrote: »

How can a named member of the public be classed as a bill?

What about if they're called William?

Sorry, don't know the answer to your question about why some transactions are categorised differently, are they all definitely instigated in exactly the same way?

Ben8282

It appears looking at my Lloyds current account statement that when a payment is set up in advance it goes out as BP but when not set up in advance it goes out as FPO.
I don't attach any importance to this and can't see that it matters one way or the other..