Purpose codes reference

To comply with bank's regulations.

Some countries' bank compliance processes require you to specify each payment's purpose:

CodeDescription
FAMILY_MAINTENANCEFamily maintenance.
MEDICAL_CAREPayment for medical care services.
TUITION_COSTSPayment of study/tuition costs.
CHARITY_DONATIONPayment for charity reasons.
PROPERTY_PURCHASEPayment of property purchase.
SHARESPayment of shares.
INVESTMENTPayment of an investment.
UTILITY_PROVIDERPayment to common utility provider.
TAXESPayment of taxes.
TOURISM_EXPENSETourism.
TRAVELPayment of travel tickets or tourism agencies.
SAVINGS_RETIREMENTPayment to savings/retirement account.
PENSIONPension payment.
PAYROLLPayment of payroll.
PHYSICAL_GOODSPurchase sale of physical goods.
DIGITAL_GOODSPurchase sale of digital goods.
SUPPLIERSupplier payment.
OTHER_SERVICESPurchase sale of services.
CAPITAL_CONTRIBUTIONPayment of capital contribution.
PROPERTY_RENTALPayment of movable property rental.
LOGISTICSPayment for logistic and/or delivery services.
INVESTMENT_INTERESTPayment of an investment (interest) owed to a financial entity.
AVAILABILITYAvailability
DISPONIBILIDADESDisponibilidades.
INSURANCEPayment of Insurances.
REWARDSRewards.
ENTERTAINMENTEntertainment.
PUBLIC_SERVICESPublic/government services.
AFFILIATION_PROGRAMSAffiliation programs.
REMITTANCESRemittances.