Could mean a few things. Could mean you have sold something that the buyer never received and you were charged back for the money they payed you. It could also mean you cashed a check at your bank that was refused by the bank on which it was written and so your bank has charged you back with the money you received.
This is becoming a real problem for people involved in online auction selling as the charge-back is just applied on the say so of the buyer. Consequently, some people are receiving the goods then claiming not to have done so and getting a refund leaving them with the goods and the money. Even proof of delivery seems insufficient to reverse this decision and if someone says they didn't authorise the use of the credit card, the charge-back happens automatically. Seller beware as I speak from personal experience.
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what does ga mean on bank statement
CUI means Centralised Unpaid Item and normally relates to a cheque if the sender has cancelled the cheque.
Electronic Bank Payment
bc in bank statment means
it means that it show the difference between the cash book and bank statement
The term CHGBK on a bank statement means a chargeback. A chargeback can occur when a check is returned to the bank for insufficient funds.
what does ga mean on bank statement
MAE mean on a bank statement
what does GP mean on bank statement
what does fl fross mean on your bank statement
What does TDN mean on bank statement
ITL on a bank statement means International.
CUI means Centralised Unpaid Item and normally relates to a cheque if the sender has cancelled the cheque.
what does LU mean on a statement transaction
on a bank account statement, it means Payable On Death
indication
Electronic Bank Payment