MCC 6012 - Financial services 
MCC 6012, categorized under "Financial Services," encompasses a wide range of businesses primarily focused on offering financial transactions and services. This category is integral to the financial industry, covering various entities involved in handling, processing, and facilitating monetary transactions. Businesses within this category are essential components in the financial sector, including banks, credit unions, and financial institutions involved in money transfer services.
Types of Services
- Banking Institutions: Includes traditional banks that offer services such as checking and savings accounts, loans, and credit card services.
- Money Transfer Services: Businesses that specialize in domestic and international fund transfers, including remittances.
- Credit Unions: Member-owned financial cooperatives providing similar services to banks but often focused on community-based financial support.
- Brokerage Services: Although not the primary inclusion, certain investment services facilitating stock transactions may be categorized here.
Related MCCs
- MCC 4829: Money Orders - Wire Transfer: Focuses specifically on wire transfer services, distinct from general banking services.
- MCC 6051: Non-Financial Institutions - Foreign Currency, Money Orders: Encompasses businesses that deal with foreign currency exchange and money orders rather than traditional banking functions.
- MCC 6211: Security Brokers/Dealers: Pertains to businesses engaged in buying and selling securities, distinct from core banking functions.
FAQs
- What kind of businesses use MCC 6012?
- It is used by financial institutions such as banks, credit unions, and companies involved in money transfers. - Do all financial transactions fall under MCC 6012?
- No, only transactions processed through entities categorized under this MCC, like banks and money transfer services, fall under 6012. - Is MCC 6012 applicable to investment services?
- Primarily, it does not cover investment services unless they relate to fundamental banking functions; investment-specific transactions may fall under different MCCs.
MCC Categories
Agricultural Services Airlines Business Services Car rent Cars and vehicles Clothing stores Contract services Entertainment services Government Services Hotels / Resorts Mail / Telephone Sales Membership оrganizations Miscellaneous Stores Not categorized Personal services Professional services Repair services Retail Outlet Services Service provider Transportation Services Utility Services Wholesale suppliers and manufacturers