Refer to Maker is a bank notation printed on a returned check, meaning the check was not paid and is being sent back to the account holder (the maker) who wrote it, typically due to insufficient funds, a closed account, or a stop payment order.
In banking and financial operations, ‘Refer to Maker’ is a status indicating that a transaction or request has been sent back to the initiating party for correction. This process is a critical component of the ‘Maker-Checker’ internal control system used to prevent fraud and errors.
The term typically refers to credit reporting services accessed through FPB Bank or similar financial institutions. It involves reviewing a consumer’s credit history maintained by major bureaus. Understanding this helps customers manage financial health.
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Inclearing refers to the process where a bank verifies and settles a check drawn on another financial institution. It is the transitional phase where funds are moved from the payer’s account to the payee’s account through a clearinghouse.
A void payment is a transaction that is canceled before it is fully processed and settled, meaning funds are never actually transferred from the customer to the merchant. This differs from a refund, which occurs after settlement. Voiding is typically used to correct errors, cancel orders, or release pending authorizations.
A counter credit on a bank statement refers to funds deposited into an account via a physical bank teller at a branch location. It distinguishes manual, over-the-counter deposits from electronic transfers or automated deposits.
Non‑par refers to financial instruments or loans that are issued at a price different from their stated face (par) value. The term is used in securities, banking, and accounting to describe pricing, valuation, and reporting nuances.
An account suffix is a numerical code appended to a base account number to identify a specific sub-account or account type within a larger financial or accounting system. It is commonly used in banking, payroll, and ledger management to differentiate between multiple accounts belonging to the same entity.
A restricted debit card is a security measure implemented by a financial institution to limit or block transactions. This typically occurs due to suspected fraudulent activity, account irregularities, or compliance requirements.