Nat West Bank Statements

Nearlyold

Any one know what DEBIT (all upper case) is used for on a Nat West bank statement, its obviously for monies going out but it's not a Standing Order, Direct Debit, ATM or Card transaction. Is it something done in Branch perhaps? Its not in the list of statement codes.

eskbanker

In the absence of any informed responses from those who may know the answer, could it be a continuous payment authority perhaps?  Do you recognise the recipient and/or the value, and is it just a one-off?

Nearlyold

Thanks for your reply I'm looking at a late family members bank statements, we are trying to establish where and how all the money went, in all the myriad of substantial withdrawals there's about 5 with just DEBIT as the payment type. We recognise all the other withdrawal types. Think I'll have to go to the bank to ask - nearest one is miles away unfortunately.

d6fs1l

On my statements it's used for "round ups" (the automatic sweep to savings).

Eyeful

"DEBIT" could be used for transactions executed in a branch, over the counter cash withdrawal maybe.
 Perhaps it was for something that required special payment instructions that automatic payments did not cover.

Nasqueron

Nearlyold said:

Thanks for your reply I'm looking at a late family members bank statements, we are trying to establish where and how all the money went, in all the myriad of substantial withdrawals there's about 5 with just DEBIT as the payment type. We recognise all the other withdrawal types. Think I'll have to go to the bank to ask - nearest one is miles away unfortunately.

Why not just message or ring them? Counter staff aren't going to tell you any more than you can get from the bank in writing using chat or phone