Transferring funds comes with certain restrictions: Do not include inappropriate content when making a payment.
10:00 AM, May 17
Got Money on Your Mind? Here's the Lowdown on What to Write in Those Payment Comments
In this fast-paced world, digital transfers have become the new norm. From sending cash to loved ones, contributing to charity, or paying for small purchases or personal services, transfers are essential. But have you ever pondered what to scribble in the message section when making a transfer? It turns out that the wrong choice of words can lead to the bank halting the transaction or even freezing your card. Here's the lowdown on how financial institutions study payment comments and what phrases to steer clear of.
When to Pen Down a Payment Comment
Most of the time, writing a comment while transferring money between individuals is not a must. Yet, there are instances where a comment could prevent unnecessary questions from arising. For example, if you're paying an individual entrepreneur or freelancer, specifying the purpose of the payment will help them justify their income to the tax office. It's also beneficial to add a comment when returning a loan or transferring alimony: this makes it easier to prove the purpose of the funds. If the transfer is non-refundable, a message will ensure the recipient doesn't have to return the money.
Banks are legally bound by Law No. 115-FZ to monitor transfers for dubious activities. They rely on special systems that analyze payment messages for potentially risky words or phrases. Every bank maintains its own list of 'red-flag' words, and an innocent joke might just lead to your card being frozen until the matter is sorted out.
Phrases to Steer Clear of
It's highly advisable to steer clear of words associated with prohibited goods, corruption, or terrorism - like "weed," "bribe," or "weapon." Also, refrain from mentioning cryptocurrencies, gambling, bets, or phrases related to commercial activity: "purchase," "debt for goods," "reward." If the recipient's name does not match the cardholder's, leave it out of the comment - this could raise suspicions with the bank and potentially cause them to put the operation on hold.
If your card is frozen due to a suspicious transfer, contact your bank, clarify the transaction's purpose, and provide supporting documents. Typically, after verification, the card will be released within a few working days, according to ** Rambler **.
Note: Regularly monitor your transactions and be aware of any suspicious activities, and promptly address any bank-related queries or issues that arise to maintain a smooth financial flow.
Related Insights:- To ensure your payments stay clear of bank scrutiny, avoid using humorous but potentially misinterpreted terms like "explosives," "bribe," or similar terms associated with illegal activities [1].- Stick to descriptive comments that clearly state the purpose of the payment. Examples include "Rent for January," "Payment for Services," or "Gift for John" [1].- If the transaction is between individuals and does not need a specific description, it's safe to leave the comment section empty [1].- In cases where the recipient conducts commercial activities, inform the bank to prevent potential issues [1].
When transferring money, it's important to avoid using words related to prohibited goods, corruption, or terrorism, such as "weapon" or "bribe", to prevent your card from being frozen. In cases where the transaction involves personal-finance activities like paying a freelancer or returning a loan, specifying the purpose in the comment can help avoid any unnecessary questions.
