English term
salary credit
Apr 24, 2020 22:02: AllegroTrans changed "Level" from "PRO" to "Non-PRO"
Non-PRO (3): Yvonne Gallagher, philgoddard, AllegroTrans
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Responses
payroll credit [see definition below]
Definition: payroll credit. List of wage or salary payments submitted by an employer to a bank. The total amount of payroll is withdrawn as a single debit from the employer's bank balance and credited individually to each employee's account according to the list.
And as Phil alluded to in the discussion box.
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Note added at 2 days 3 hrs (2020-04-26 14:56:39 GMT) Post-grading
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Thank you.
agree |
Lydia De Jorge
: Absolutely!
56 mins
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Thank you so much Ly. Hope all are staying at home (where possible) and safe!
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agree |
philgoddard
1 hr
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Thank you Phil. Hope you and the family are safe!
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agree |
Yvonne Gallagher
: not rocket science//Thanks! You too!
1 hr
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Thank you Yvonne. Stay safe!
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agree |
Tina Vonhof (X)
2 hrs
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Many thanks Tina. Be safe!
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agree |
AllegroTrans
: presumably the person's salary as credited and set out on their bank account
6 hrs
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Thank you. Presumably, yes. (Credited to the employee's account and set out on their statement).
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neutral |
Daryo
: would make sense ONLY for a business account // just "salary" would be more than enough - it's obviously going to "credited" to an employee, and it's anyway under the "credit" column, so what's the point of adding "credit" in the transaction description??
1 day 11 hrs
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Really now?! 1. The Asker's question: salary credit; 2. Not a business account (reread!); 3. Each bank's coding is different (this case PAYROLL credit to personal account/on statement); 4. Don't care what u say - 0, & strange 5 agrees; 5. UR patronising!
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credit(upon/based) on salary/score
agree |
EirTranslations
17 mins
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disagree |
philgoddard
: I've never seen the phrase used in this way, and it doesn't even appear in your reference.
5 hrs
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disagree |
Lydia De Jorge
: Total nonsense - as usual!
6 hrs
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disagree |
AllegroTrans
: Your ref is about credit scoring and irrelevant
10 hrs
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disagree |
Daryo
: no
1 day 14 hrs
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Discussion
THAT would make a significant difference!
Also, if this accounted on the "credit" side of the bank statement, adding "credit" to "salary" makes little sense - the "credit" part would be a totally useless non-information as a salary would obviously always be "credited" to an employee (never heard of a salary being "debited" from an employee, so far!)
Normally, just putting "salary" (for such and such month) on the bank statement of a personal account is all that is needed!
There might be some not so simple explanation why this bank feels the need to add "credit" when reporting a payment of a salary in the account, or they might be simply following their own proprietary "logic" in doing so.
Without more background information, we can only guess ... Doesn't look "obvious / Non PRO" to me at all.