For instance, the long-winded 'Clearing House Automated Payment System' term is referred on a Barclays bank statement as the acronym CHAPS, while on a NatWest statement it'll be known simply as CHP.

Making sense of your bank statement is no mean feat as it's often laden with complicated and seemingly unnecessary jargon. Keeping track of how much is going in and out of your accounts could ...

Learn more about it. A bank statement is a document that provides a detailed summary of all the financial activity that takes place in a checking, savings, or other type of bank account over a ...