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Telephone banking (365 Phone) – Jargon Buster

Transactions are everyday activities on your bank account. Like putting money in or taking money out.

This includes:

  • Lodgements. Money paid into your account.
  • Withdrawals. Money taken out at a branch or ATM.
  • Payments. Direct debits, standing orders, or card purchases.

In short, any time money moves in or out of your account, it’s recorded as a transaction.

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