Cryptocurrency Q&A
What is a CCD refund on a bank statement?
What is a CCD refund on a bank statement?
Michele
Tue Oct 29 2024
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7 answers
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I saw a transaction labeled as 'CCD refund' on my bank statement and I'm not sure what it means. Can someone explain what a CCD refund is in the context of a bank statement?
7 answers
Martina
Thu Oct 31 2024
Cash Concentration or Disbursement, also known as CCD, represents a financial transaction impacting a business checking account.
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KatanaBladed
Thu Oct 31 2024
This transaction can either be a charge or a refund, depending on the circumstances.
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RainbowlitDelight
Thu Oct 31 2024
CCD transactions can be categorized as one-time occurrences or recurring events.
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DaeguDivaDanceQueen
Thu Oct 31 2024
For one-time CCD transactions, a fund transfer is made to or from a corporate entity without a prior standing authorization.
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SsamziegangSerenadeMelody
Wed Oct 30 2024
However, recurring CCD transactions differ in that they require a standing authorization.
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