Creating transaction types

Transaction types are financial industry-defined set of codes that represent different types of transactions that a financial institution can process. They are used on BAI, BAI2, MT942, MT940, CAMT052, and CAMT053 bank statement files on the transaction lines.

  1. Select Transaction Types.
  2. Click Create.
  3. Specify this information:
    Transaction Type
    Specify a transaction type. Transaction types are three- or four-digit codes that are used to identify the types of reported data.
  4. Click Save.