What is the account holder’s reference?

What is the account holder’s reference?

If the payee has given you a specific reference number, enter it there, otherwise the field remains empty. The reference is the intended use. Some invoices have reference numbers that are then put in there. If you don’t have one, you just write in there what the money is for or leave it free.

What do you write in the purpose?

In the purpose of use, you specify what the money should be used for. So for a transfer to a company: in any case, the customer number that you have with this company and then the invoice number. example (K. 101, R222).

What is the intended use for?

The intended use is usually a customer number or invoice number. In the case of a loan, the account number is often mentioned as the purpose. If payments are to be made to authorities, the transaction number is often required as the purpose.

Is the purpose of use important?

In the case of transfers and direct debits, the intended use is solely for the sake of clarity. It is therefore not absolutely necessary to specify a purpose. As part of a donation, the donor can request his money back if it was not used for the intended purpose.

Is the intended use checked?

“International banks usually check all transfers, national banks tend to do random checks,” says the spokeswoman. The bank does not pay attention to the amount but only to the client, the recipient and the intended use.

What happens if you forget the intended purpose?

You cannot book back a transfer that you issued. You can only inform the recipient of your transfer and subsequently state the purpose or send an email / letter. The money arrives at the respective recipient without a purpose, you cannot post it back.

Visit the rest of the site for more useful and informative articles!

Leave a Reply

Your email address will not be published. Required fields are marked *