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Banking Terms
By Administrator | January 11, 2008
Common Banking Terms
Bank Account Number – Number of the checking or savings account that you would like to draw funds from. For the process of electronic withdrawals a bank routing number is needed.
Bank Routing Number – Number that identifies bank branch where you do your banking. Used alongside with your bank account number for electronic withdrawals.
Canceled – A status indication of a scheduled payment but canceled before bill statement was processed, but can still be re-scheduled.
EBPP – Electronic Bill Presentment and Payment. This service allows you to view and pay bills online.
Not Paid � A status indication a payment that has not been scheduled for this bill statement.
Paid � A status indication that payment has been processed. And would appear on your bank statement.
Pending – A status indication of a scheduled payment scheduled for this bill statement, but has not been processed. And can still changed or canceled.
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