Often, the text following "WPS" will include a merchant name or a partial account number.
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“Banks often use internal codes for efficiency,” Laila explained. “Especially when payroll is sent through a third-party provider. If the company sends payroll through a service, the bank sees the provider’s routing and tags it with a code. If you need more detail, you can check your employer’s pay stub or ask HR for the payroll processor name.” Often, the text following "WPS" will include a
Electronic Funds Transfer (often used for direct deposits or bill payments). SC: A monthly or transaction-based Service Charge . INT: Interest paid into or charged to your account. GMD / GMW: Banking machine (ATM) Deposit or Withdrawal . 💡 How to Get More Details If the company sends payroll through a service,