Fynora

POS transaction meaning in a bank statement

POS stands for point of sale. A POS line on your statement is a payment made with your debit card on a shop's card machine, and the shop's name usually follows the code.

Online card payments

Some banks mark a card payment made online differently, for example with ECOM, instead of POS.

Example lines

Made-up lines in the usual shape. Your bank's wording will differ.

  • POS 4XXXXXXXXXXX1234 EXAMPLE SUPERMARKETA debit card payment in a shop; the card number is masked.

How Fynora reads it

When POS, ECOM or PCD starts a line on a bank account statement you import, Fynora counts the payment as "Card" in the How you paid section of Reports.

Questions

Is a POS transaction a credit card payment?

On a savings account statement it is a debit card payment, taken straight from the account. Spending on a credit card appears on the credit card's own statement instead.

Related codes

All bank statement codes

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