To comply with bank's regulations.
Some countries' bank compliance processes require you to specify each payment's purpose:
| Code | Description |
|---|---|
FAMILY_MAINTENANCE | Family maintenance. |
MEDICAL_CARE | Payment for medical care services. |
TUITION_COSTS | Payment of study/tuition costs. |
CHARITY_DONATION | Payment for charity reasons. |
PROPERTY_PURCHASE | Payment of property purchase. |
SHARES | Payment of shares. |
INVESTMENT | Payment of an investment. |
UTILITY_PROVIDER | Payment to common utility provider. |
TAXES | Payment of taxes. |
TOURISM_EXPENSE | Tourism. |
TRAVEL | Payment of travel tickets or tourism agencies. |
SAVINGS_RETIREMENT | Payment to savings/retirement account. |
PENSION | Pension payment. |
PAYROLL | Payment of payroll. |
PHYSICAL_GOODS | Purchase sale of physical goods. |
DIGITAL_GOODS | Purchase sale of digital goods. |
SUPPLIER | Supplier payment. |
OTHER_SERVICES | Purchase sale of services. |
CAPITAL_CONTRIBUTION | Payment of capital contribution. |
PROPERTY_RENTAL | Payment of movable property rental. |
LOGISTICS | Payment for logistic and/or delivery services. |
INVESTMENT_INTEREST | Payment of an investment (interest) owed to a financial entity. |
AVAILABILITY | Availability |
INSURANCE | Payment of Insurances. |
REWARDS | Rewards. |
ENTERTAINMENT | Entertainment. |
PUBLIC_SERVICES | Public/government services. |
AFFILIATION_PROGRAMS | Affiliation programs. |
REMITTANCES | Remittances. |