what does d/c settlement mean in my online bank statements?

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Debit card settlement. When you use your debit card, the transaction is pre-authorized immediately, to make sure the fund are available. Those funds will later be deposited back into your account and the actual transaction (usually the same amount) and this is the “settlement”. The only time the settlement is a different amount than the pre-authorization is if there was a tip added onto the charge at a restaurant, or extra charges at a hotel.

Source(s): I work at a bank.

Dc Settlement

First, thank God its only this bad and not any more.Call the Budget people, then inform the bank. Note down time of call and who you spoke with.Wait until your next statement and cofirm that the charge has been cancelled or the amount credited to your account. Pls donot give up until you see justice done.! Just a couple of days back my visa called and wondered if I charged an exhorbitant amount on fri am from a Canon store?? and a few other hefty charges.I denied the charges.My card all the time was with me.Apparently, a disgruntled employee at one of the stores I used the card could have abused my confidential information.But all is sorted now…So always be aware and watch out..and never ever quit until u get justice.Good luck!

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RE:
what does d/c settlement mean in my online bank statements?

Guess: Debit Card settlement
or Deferred Credit, which means that you paid but the transaction wasnt settled yet

Time to call the bank and ask.

Answer 6

1

Answer 7

hasta siempre amigos me retiro de Yahoo, gracias y suerte para todos

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what does d/c settlement mean in my online bank statements?

If you’re like most people, your bank statement is probably chock-full of numbers and letters that you don’t understand. That’s where this article comes in, explaining different terms and figures that appear on your bank statements. By understanding what these terms mean, you’ll be able to better keep track of your finances and make smart decisions about your spending.

What is a D/C Settlement?

A D/C settlement is a process by which a bank or other financial institution settles a disputed debt. The debt may be from a customer’s account, or between customers in a transfer of funds.

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What Does It Mean for Your Bank Statements?

The term “d/c settlement” can be a little confusing for people when it comes to their bank statements. Basically, this means that the bank has processed all of the transactions that were included in your statement and you no longer need to worry about them. This is a big relief, especially if there were any errors that occurred.

How to Fix a D/C Settlement in Your Bank Statements

A D/C settlement is a transaction in your bank statement that reflects the final outcome of a dispute between two parties. It’s typically associated with a credit or debit card issuer and a merchant.

The terms of the settlement are usually kept confidential, but in most cases the card issuer will refund the original purchase amount to the customer and pay interest on that amount from the time of the purchase until it’s repaid. The merchant will usually receive a payment from the card issuer in either cash or credit that reflects the actual sales value of what was sold.

When you see a D/C settlement reflected in your bank statements, it means that there’s been a resolution between the card issuer and merchant involved in this dispute. This information is important because it can help you understand how much money you’re likely to receive back from your purchase and how much interest has been accrued on that money since it was made.

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Conclusion

I hope you have found this article on what does d/c settlement mean in my online bank statements useful. D/c settlement is the process of reconciling your bank account with the actual transactions that took place. By doing so, it ensures that all debits and credits are correctly reflected in your bank statement and minimizes any discrepancies that may occur. If you have any questions about what does d/c settlement mean in my online bank statements or anything else related to your banking account, please don’t hesitate to reach out to us at our customer service center. We would be happy to help you out!

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