MTOT definition: (Adj) An abbreviation of ‘MERCHANT TOTAL,’ meaning ‘merchant account total batch.’ It is often seen on business checking account statements.

What is the difference between MTOT and BTOT?

MTOT Disc Meaning

BTOT and MTOT have become line items. With MTOT being the monthly total, BTOT is the bank total.

What is BankCard BTOT?

MTOT stands for Merchant Total; DISC stands for the discount fee; and BankCard refers to your acceptance of credit and debit cards from your customers.

What does MTOT DEP mean?

Bankcard MTOT Disc means Merchant Account Total Batch Discount Fee. What does MTOT DEP mean? MTOT DEP means Merchant Account Total Batch Deposit.

Is a bank card a credit card?

What Is a Bank Card? A bank card is any card issued against a depository account, such as an ATM card or a debit card. Sometimes the phrase is also used to refer to Visa and MasterCards since these are also issued by banks, but they are credit cards and not linked directly to a depository account.

How can a teenager get a card?

Teens can apply for their own credit cards when they turn 18. The best credit cards for teens have low credit requirements and keep costs to a minimum. You can help teens under 18 build credit by adding them as an authorized user on one of your credit cards.

How can a teenager get a debit card?

Most teen debit cards are designed as mobile-first applications, with the ability to sign up online. If the teen is under 18 years of age, there typically needs to be a joint account holder (parent or guardian) that is at least 18 years old to sign up for an account.

What is ATM card called?

ATM cards are known by a variety of names such as bank card, MAC (money access card), client card, key card or cash card, among others. Other payment cards, such as debit cards and credit cards can also function as ATM cards.

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