MCC 6026 - Banks 
The Merchant Category Code (MCC) 6026 is designated for banking institutions. This category encompasses a wide range of financial institutions primarily engaged in providing financial services such as savings and checking accounts, loans, and credit facilities. Banks play a crucial role in the economic framework, facilitating financial transactions and offering various services to both individuals and businesses.
Types of Services
- Retail Banking: Includes services such as savings accounts, checking accounts, and personal loans.
- Commercial Banking: Provides business loans, credit facilities, and treasury services to businesses.
- Investment Banking: Engages in underwriting, mergers, acquisitions, and other capital markets activities.
- Online Banking Services: Offers digital platforms for conducting banking transactions remotely.
Related MCCs
- MCC 6011: Financial Institutions - Manual Cash Disbursements: Pertains to cash advances at bank branches.
- MCC 6012: Financial Institutions - Merchandise and Services: Used for products and services offered by banks, such as checks and money orders.
- MCC 6051: Non-Financial Institutions - Foreign Currency, Money Orders: Covers transactions at currency exchanges and money order outlets.
FAQs
- What types of transactions fall under MCC 6026?
- Transactions typically involve banking services like deposits, withdrawals, and account management. - Can investment services be included in this MCC?
- Yes, investment banking services provided by banks are also covered under this category. - How do I identify transactions related to MCC 6026?
- These transactions often appear on statements as services rendered by recognized banking institutions. - Are electronic fund transfers associated with this MCC?
- Yes, electronic fund transfers conducted via bank platforms can be associated with this MCC.
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