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A

Anonymous

Jan 28, 2025

Why is ACH/ATM MEMO CR showing up on my bank statement?

I recently reviewed my bank statement from Bancorp South, and I noticed several entries. There are my paycheck deposit and a commission refund listed, but I also see a deposit of $389.00 categorized as ACH/ATM MEMO CR. Can anyone explain what this designation means?

1 Answers

A
Anonymous

Nov 19, 2024

It means that your account has been credited $389.00 through either an ATM (automated teller machine) or ACH (automated clearing house–such as a direct deposit) transaction.

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