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

NetherCraft 0

I just checked my statement from Bancorp South and it shows my paycheck deposit and my commission refund, then it shows I deposited $389.00 and it’s listed as ACH/ATM MEMO CR. Any idea what this means?

1 Answer

  • 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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