UnknownCharges

Card Network & Electronic Payment Rail

What does REVERSAL mean on a bank statement?

REVERSAL

· Evidence review pending · Content revised

08/05 MERCHANT REVERSAL TARGET.COM $45.20

Illustrative entry. The example date and amount do not establish your bank’s format or a real transaction.

Plain-English Definition

Registry label for REVERSAL: Payment Reversal / Credit Adjustment. Unreviewed registry note: REVERSAL denotes a cancellation or refund of a previous transaction, crediting funds back to your account due to merchant return or banking correction.

Important: What this code is NOT

Unreviewed registry note: A REVERSAL is not a new charge or debit. It is a credit (funds entering your account) that cancels out an earlier debit.

Understanding REVERSAL (Payment Reversal / Credit Adjustment)

Unreviewed registry note: A transaction reversal occurs when an authorization, debit, or fee is nullified and credited back to your account balance.

Unreviewed registry note: Bank reversals occur when your financial institution waives a fee, corrects a duplicate processing entry, or reverses an erroneous debit.

Find the transaction details

Read the complete entry and its direction before looking for a company. A code may describe a deposit, payment type or status; it does not necessarily identify a purchase:

  1. Step 1 Unreviewed registry note: Look at the merchant or fee description immediately adjacent to 'REVERSAL' or 'REV' on your statement.
  2. Step 2 Unreviewed registry note: Match the credited amount to a previous debit line on the same or preceding statement cycle.

Example statement lines

These are lookup illustrations. Bank layouts vary, and an example does not establish a particular originator or authorization:

  • MERCHANT REVERSAL TARGET.COM
  • FEE REVERSAL OVERDRAFT WAIVER
  • AUTH REVERSAL BEST BUY 0294
  • ACH REV PYMT CANCELLATION

Questions about REVERSAL

What does REVERSAL stand for on a bank statement?

Registry label for REVERSAL: Payment Reversal / Credit Adjustment. Unreviewed registry note: REVERSAL denotes a cancellation or refund of a previous transaction, crediting funds back to your account due to merchant return or banking correction.

Is REVERSAL the name of a company?

Unreviewed registry note: A REVERSAL is not a new charge or debit. It is a credit (funds entering your account) that cancels out an earlier debit.

How can I find the originator or merchant for a REVERSAL entry?

Unreviewed registry note: Look at the merchant or fee description immediately adjacent to 'REVERSAL' or 'REV' on your statement. Unreviewed registry note: Match the credited amount to a previous debit line on the same or preceding statement cycle.

Source references

These references accompany this entry. A claim-level evidence review is pending; a citation alone does not verify every statement.