A blacklisted card BIN refers to a Bank Identification Number that has been flagged and blocked by payment processors or merchants. This occurs when a specific range of card numbers is associated with high rates of fraud or unauthorized activity.
Reamortization refers to the process of recalculating the amortization schedule of a loan. This typically occurs after a borrower makes a substantial principal payment or modifies loan terms. It adjusts future payment allocations between interest and principal.
The phrase “remit to address” refers to the destination address specified for a monetary remittance, such as a wire transfer, check, or electronic payment. It identifies where funds should be delivered and is a standard term in banking and financial transactions.
The term ‘mobile deposit prohibited’ refers to a restriction placed by a financial institution that prevents a user from depositing checks via a mobile application. This status typically results from security flags, account restrictions, or violations of banking terms.
The phrase ‘Refer to Maker’ is a banking term used when a check is returned unpaid. It indicates that the paying bank cannot honor the check and directs the payee to contact the person who wrote the check for resolution.
The status of a mortgage refers to the current standing of a home loan in relation to its payment schedule and legal obligations. It indicates whether a loan is current, delinquent, or fully satisfied.
Pre‑authorization debit is a temporary hold placed on a cardholder’s account to verify that sufficient funds are available before a transaction is finalized. It is commonly used by hotels, car‑rental agencies, and online merchants to ensure payment security.
A surcharge‑free ATM is a cash‑dispensing machine that does not charge the cardholder an additional fee for the withdrawal. These machines are typically operated by the cardholder’s own bank or by networks that have agreements to waive fees for certain customers.
An escrow advance occurs when a mortgage lender pays a required expense, such as property taxes or insurance, from their own funds because the borrower’s escrow account has insufficient balance. The lender then seeks reimbursement from the borrower through an adjusted payment plan.
Insufficient funds occur when a bank account does not have enough money to cover a requested transaction. This results in the transaction being declined or the account entering an overdraft state.