money withdrawn from my bank account says: IBP which stands for inter bank Payment any one know what this means
2007-06-21 11:58:59 · 0 answers · asked by Anonymous in Business & Finance ➔ Credit
IBP is where you have withdrawn money from a branch which is not your normal branch
2007-06-21 12:05:08 · answer #1 · answered by davetumalty 4 · 0⤊ 2⤋
Inter Branch Payment
2016-11-16 15:45:16 · answer #2 · answered by dynah 4 · 0⤊ 0⤋
Inter branch clearing
Definition
The process of payment clearance between two branches of the same bank. This status means an item is being sent from one branch to another (after it leaves the originating branch and before it is received by the destination branch).
Hope this helps.
2007-06-21 12:28:19 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Unless you authorised the transfer you have been robbed.
Contact the Bank ASAP and put a stop to any further withdrawals via that route and ask them to recover the money by 'reversing' the transaction.
2007-06-21 21:06:00 · answer #4 · answered by Steve B 7 · 0⤊ 0⤋