What is a credit note from a bank?
submitted by Credit note

melvin

It's a love note from the bank that says, "Hey, we added some money to your account. xoxo"

It happens when they make a mistake and need to add money back into your account. Maybe they just had an accounting issue, or an erroneous from your account. Maybe you disputed a charge. Either way, when they add money back into your account for whatever reason, they can give you a credit note.

rhonda

A credit note is a document the bank gives to a customer when they've increased the customer's balance. You'd see this when the bank needs to correct a previous transaction, return funds, or there has been an overpayment. Essentially, it's like a receipt that shows the bank has credited your account.

Jereth

It's a bank's way of saying, "We've put some extra cash in your account." It's usually because of a correction or a refund.

terrence

This is the same thing as a credit memorandum, by the way. Just a note about a credit.