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rgb02a , Accountant
Category: Finance
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Experience:  CFO of independent oil company; volunteer CFO of non-profit; former financial statement auditor
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What does "Tlr transfer" on Bank of America statement mean?

Resolved Question:

Would you let me know what "Tlr transfer" next to deposit amount on Bank of America bank statement means?
Submitted: 4 years ago.
Category: Finance
Expert:  rgb02a replied 4 years ago.
rgb02a :

The "TLR transfer" or "teller transfer" usually occurs when a check is clearing from your account. For a deposit, it again is referring to a teller transaction but this time is transferring funds into your account instead of out of it. It might show up that way because the check that was deposited was from another Bank of America customer or because cash was deposited, for example. Most deposits show up as "Counter Credit" or "Teller Transaction Credit" on the bank statement.

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