salary credit

English translation: payroll credit [see definition below]

11:19 Apr 24, 2020
English language (monolingual) [Non-PRO]
Bus/Financial - Finance (general)
English term or phrase: salary credit
Does anyone know what 'salary credit' means on a bank statement? The obvious would be that it is a monthly payment of someone's salary but in this case, according to me, it doesn't seem to be this.
Bénédicte Annys (X)
Local time: 02:09
Selected answer:payroll credit [see definition below]
Explanation:
What does salary credit mean?
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 The total amount of payroll is withdrawn as a single debit from the employer's bank balance and credited individually to each employee's account according to the list.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.
Selected response from:

Taña Dalglish
Jamaica
Local time: 19:09
Grading comment
4 KudoZ points were awarded for this answer



SUMMARY OF ALL EXPLANATIONS PROVIDED
3 +5payroll credit [see definition below]
Taña Dalglish
3 -3credit(upon/based) on salary/score
Juan Arturo Blackmore Zerón


Discussion entries: 5





  

Answers


3 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): -3
credit(upon/based) on salary/score


Explanation:
It might be...

https://www.thebalance.com/does-income-affect-credit-315386

Juan Arturo Blackmore Zerón
Mexico
Local time: 19:09
Native speaker of: Spanish

Peer comments on this answer (and responses from the answerer)
agree  EirTranslations
17 mins

disagree  philgoddard: I've never seen the phrase used in this way, and it doesn't even appear in your reference.
5 hrs

disagree  Lydia De Jorge: Total nonsense - as usual!
6 hrs

disagree  AllegroTrans: Your ref is about credit scoring and irrelevant
10 hrs

disagree  Daryo: no
1 day 14 hrs
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3 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +5
payroll credit [see definition below]


Explanation:
What does salary credit mean?
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 The total amount of payroll is withdrawn as a single debit from the employer's bank balance and credited individually to each employee's account according to the list.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.

--------------------------------------------------
Note added at 2 days 3 hrs (2020-04-26 14:56:39 GMT) Post-grading
--------------------------------------------------

Thank you.

Taña Dalglish
Jamaica
Local time: 19:09
Works in field
Native speaker of: English
PRO pts in category: 15

Peer comments on this answer (and responses from the answerer)
agree  Lydia De Jorge: Absolutely!
56 mins
  -> Thank you so much Ly. Hope all are staying at home (where possible) and safe!

agree  philgoddard
1 hr
  -> Thank you Phil. Hope you and the family are safe!

agree  Yvonne Gallagher: not rocket science//Thanks! You too!
1 hr
  -> Thank you Yvonne. Stay safe!

agree  Tina Vonhof (X)
2 hrs
  -> Many thanks Tina. Be safe!

agree  AllegroTrans: presumably the person's salary as credited and set out on their bank account
6 hrs
  -> Thank you. Presumably, yes. (Credited to the employee's account and set out on their statement).

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
  -> 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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