Abbreviations

• Abbreviations


  • ATM
  • PIN
  • POS
  • CT
  • DD
  • IBAN
  • BIC
  • PPSN
• ATM


  Automated teller machine
• PIN


  Personal identification number
• POS


  Point of sale
• CT


  Credit transfer
• DD


  Direct debit
• IBAN


  International bank account number
• BIC


  Bank identifier code
• PPSN


  Personal public service number
• Bank


  A financial institution that offers banking services
• Personal


  Belonging to or affecting a particular person rather than anyone else
• Savings


  Money put away for the future
• AER


  Annual equivalent rate
• DIRT


  Deposit interest retention tax
• Borrowing


  Using the bank's money then repaying it back
• APR


  Annual percentage rate
• Direct debit


  A method which pays wages and salaries directly from the employer's account to the employee's account
• Standing order


  When you have permission to withdraw more money than you have in your account
• Bank statement
• Current account