In payments
Settlement and bank deposit are related, but they are not always the same record or event. Payment funds move through processing and settlement before the final payable amount reaches an external bank account. Fees and other adjustments can occur along that path.
In reconciliation
Finance teams should not assume every processor settlement maps one-to-one to a bank credit. Timing, grouping, fees, reserves, refunds, chargebacks, and adjustments can change the amount or timing of the deposit.
Example
Processor settlement$10,000
Fees deducted before payout$240
Bank deposit$9,760
Both records are valid. Reconciliation accounts for the $240 between them.
Related terms
Updated
September 22, 2026
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