The Meaning of Reversal in the Banking World and Its General Definition

Kapanlagi.com - Do you know the meaning of reversal? Some may know, while others may not. The term reversal is usually used by banks as one of the services they provide to customers. However, besides being used in banking activities, the term reversal is also used in everyday activities.

However, the term reversal is not always used, KLovers. That's why the term reversal is not commonly heard. Yes, there are many English words absorbed into Indonesian. There are also English words used in daily language, such as slang terms. However, the term reversal is not considered slang or colloquial, KLovers.

Now, for KLovers who are curious about the meaning and function of the term reversal, here is an explanation of the meaning of reversal in English that KLovers can know. Let's check it out, KLovers.

1. Meaning of Reversal

Illustration (credit: Pexels)

In general, the meaning of reversal is return. However, besides having the meaning of return, reversal also has other meanings such as rotation, defeat, bad luck, loss, unlucky. Usually, the word reversal itself is used by someone in the business world.

Mostly in the business world, the meaning of this reversal is defeat, bad luck, loss, or unlucky. Although, this word is rarely used in daily language, it is widely used in the business world.

To make it easier for KLovers to understand the meaning of reversal, KLovers need an example sentence. And here are some example sentences that contain the word reversal:

1. Reversal of current

2. Reversal spectrum

3. Geomagnetic reversal

4. Magnetic reversal scale

2. Meaning of Reversal in Banking

Illustration (credit: Pexels)

Well, what does reversal mean in the world of banking? Usually, this word is used as one of the bank's facilities to customers. Transaction details (Reversal) in banking facilities usually appear through SMS notifications to the registered mobile number in SMS banking or internet banking services.

To improve the best service facilities, currently almost all banks in Indonesia have established policies regarding automatic notification through SMS banking for security. And this service facility is called reversal. Therefore, reversal notifications will appear immediately when the transaction process fails.

Maybe KLovers are asking, is your balance safe if the transaction fails? Don't worry KLovers, your balance will be safe. For those of you who are experiencing problems like this, you don't need to worry and be anxious anymore. In the banking world, the meaning of reversal is a transaction failure and it is ensured that the balance will be safe.

3. Causes of Reversal in Banks

Illustration (credit: Pexels)

If you already know the meaning of reversal, it is also important to know why a reversal can occur in a bank. Yes, the occurrence of reversal in a bank can happen for a reason, KLovers. And here are the causes that can lead to a reversal in a bank that we use:

1. Wrong Destination Account Number

The first cause of reversal is due to entering the wrong destination account number. Yes, entering the wrong destination account number can cause someone to experience a reversal. This means that the system cannot track the destination account number and considers it a failure.

2. Transaction Time Expired

The second cause of reversal is when the transaction time expires. The banking system automatically sets a time limit for each type of transaction performed by customers. And this is one of the security systems implemented by the bank. When the time limit expires, the transaction will automatically be considered a failure by the system.

3. Network Disruption

This cause is usually done by the bank, especially on the bank's network. So when the transfer or cash withdrawal process fails, it means that the transaction failure is not solely due to personal error.

4. Outer

Another cause of reversal is the appearance of a reversal notification through SMS to the customer's mobile number, usually due to being outside the bank's coverage area. The banking system will automatically set a time limit for each type of transaction carried out by customers. And this is one of the security systems of the bank. When the time limit is up, the transaction will automatically be considered failed by the system.

3. Network Disruption

This cause is usually done by the bank, especially on the bank's own network. So when the transfer or cash withdrawal process fails, it means that the transaction failure is not only due to personal errors.

4. Outer

Another cause that can result in reversal is the appearance of reversal notifications through SMS to the customer's mobile number, usually due to outer reasons, or in banking terms, outer means that the destination number is outside the bank's coverage area. The most common failure is due to an outer performed during a transfer using the code.

That is the meaning of reversal that you can know and understand. Hopefully, by knowing the meaning of reversal, especially for banks, it can help you understand the correct meaning of reversal.

(kpl/gen/dhm)