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Anyone know what "**************" on bank statement means?

(17 Posts)
user1475574526 Mon 24-Apr-17 11:59:42

Just that really....... regular monthly payments going out of 2 accounts.
Description is "****************".

Anyone seen this before?

Thanks

AndNoneForGretchenWieners Mon 24-Apr-17 12:01:29

Are they standing orders? The person who sets them up can choose a nickname for them, may have chosen **** as a way of recognising them - is this your account or a joint?

PopcornBits Mon 24-Apr-17 12:01:56

Isn't that the reference for the payment? You can set up a reference for payments you send out to people, usually for things like standing orders so you can write down what the money is for.
Sounds like they've just put the asterisks there and no real description of what the money is for.

kittybiscuits Mon 24-Apr-17 12:03:45

I agree that is what the payer has chosen for the name of the recipient. How much are the payments for?

blueskyinmarch Mon 24-Apr-17 12:05:02

Is someone trying to hide where/who they are making payments to perhaps?

user1475574526 Mon 24-Apr-17 12:10:23

Thanks all.

It's my husband's account. Is the suggestion that he set up that name/reference? He says it's the bank interest/fee charges for that account.

Freezingwinter Mon 24-Apr-17 12:11:40

How much are they for? I think you can set it up yourself. We have done with things like nursery.

gamerchick Mon 24-Apr-17 12:12:50

Sounds like he's hiding something to me but I'm a cynical old boot.

user1475574526 Mon 24-Apr-17 12:14:26

...will reply later. Friend at door and have to go out.

likewhatevs Mon 24-Apr-17 12:16:18

Its not fees. They would have a distinct reference. Its something he's set up.

TupperwareTat Mon 24-Apr-17 12:16:54

Banks automatically take the money.

Cammysmoma Mon 24-Apr-17 12:27:37

Hey, I work for Santander. This is something he has set up himself and the reference is "*************"

It is definitely not bank fees of any sort or interest. These would be distinctive on statements.

Hope you get it sorted

MrsWombat Mon 24-Apr-17 13:18:28

I've just done a triple odds offer and praying my football match doesn't draw so my winnings go into the exchange and I don't have to do the 2nd part.

I've had a few reload offers already, and WH sent me a birthday free bet!

Don't forget cashback!!!!

MrsWombat Mon 24-Apr-17 13:30:38

Sorry, wrong thread!

ImperialBlether Mon 24-Apr-17 13:36:49

Which bank is he with, OP? Between us one of us will be able to show you what should come up for fees.

averylongtimeago Mon 24-Apr-17 13:46:41

Bank fees and charges are always clearly labelled as such, can you check on line to see who regular payments go to?

user1475574526 Mon 24-Apr-17 15:45:02

Right, back now and I have done some more digging. It's a Barclays account - when you expand the transaction it says something about it being 'pers OD tier 2 @£XX' (personal overdraft). It also has a little picture of a bank with an arrow point to it i.e. bank charge.

So it seems it is bank charges....they could have just written that in the bl00dy description!

Thanks all

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