BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
____ serves as a reference number for your payments.
A
Checking Account Number
B
Routing Number
C
Check Number
D
Telephone Number
Explanation: 

Detailed explanation-1: -A payment reference number is a unique set of numbers and letters that is applied to a financial transaction. The transaction in question could be a bank transfer, a direct debit, a standing order, or simply a payment made using a debit or credit card.

Detailed explanation-2: -A check number is a reference number that will help you: Balance your checkbook. Track which checks have been processed by your bank. Know which checks are still outstanding.

Detailed explanation-3: -Put simply, a bank transfer reference, also known as a Payment Reference, is a message to the person being paid that allows them to easily identify where the money has come from – and the reason for that transfer being sent.

Detailed explanation-4: -Answer: You’re able to view the Reference Number of a Bill Payment by reviewing the Operating Account Ledger for the Matter. Within the Ledger, there will be a column for Reference.

There is 1 question to complete.