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The term "CAP" on a bank statement can have different meanings depending on the context and the specific bank. Here are five of the most common meanings of "CAP" on a bank statement:
1.Capitation: This refers to a fee that is charged by a healthcare provider or insurance company for each person enrolled in a particular plan.
2.Capitalization: This refers to the process of adding unpaid interest to the principal balance of a loan, which can increase the total amount owed.
3.Cardholder Activity Program: This refers to a program offered by some banks that rewards customers for using their debit or credit cards for transactions.
4.Cash Advance Program: This refers to a service offered by some banks that allows customers to withdraw cash from their credit card accounts.
5.Cash Advance Pending: This refers to a pending cash advance transaction that has not yet been completed.
It's important to note that these are just some of the possible meanings of "CAP" on a bank statement, and the exact meaning may vary depending on the bank and the context. If you are unsure about a particular transaction on your bank statement, it's always best to contact your bank directly for clarification.
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