Here's exactly what POS transactions are and how to identify them. What Does Point of Sale Mean on a Bank Statement A point of sale (POS) transaction on a bank statement is a debit card purchase made at a merchant's card terminal.. Learn about point-of-sale withdrawal, its benefits, how it works, security measures, withdrawal limits, fees, and tips for safe and efficient cash access.

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Learn what point of sale withdrawal means, how it differs from a cash advance, and the implications for merchants in high-risk industries.. POS debit refers to the direct withdrawal of money via debit card, while a POS system manages broader sales and inventory tasks. On bank statements, these transactions show up as "POS Debit." Customers use POS debit in different ways, like in-store purchases, online orders, subscriptions, and mobile payments.

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