Bank transfers titles are frequently treated by users as a field for creativity and humor. In the age of social media, where all component of everyday life can become the subject of a joke, the entries in the titles of transfers are no exception. However, as Krzysztof Drozd warns, the elder media expert in mBank, comic transfer titles can lead to unexpected consequences that can be both serious and embarrassing.
When a gag becomes a problem
When making bank transfers, especially those addressed to close people, it is easy to forget that each transaction is monitored by banking systems. Jokes in transfer titles that may seem innocent can actually trigger alarms in bank safety systems. Bank analysts are required to monitor transactions for possible fraud, money laundering or financing of criminal activities. Therefore, even humorous entries may rise suspicions.
Examples of jokes that can origin problems
Some users decide to include in the titles of transfers of content that are intended to amuse the recipient, but may origin controversy. Examples of specified titles include ‘for drugs’, ‘for extortion’, ‘a ransom for a cousin’, ‘toll for last night’ or ‘thanks for sex last night’. Although they may seem innocent to the sender and the recipient, the bank can take them very seriously.
Entries of this kind may lead to immediate blocking of funds in the account, or even to reporting the case to the applicable services. The Bank may besides request clarification from the client and, in utmost cases, terminate the banking agreement.
How to avoid problems with transfer titles?
To avoid unpleasant consequences, it is worth following any rules on bank transfers:
- Use clear and realistic descriptions – the transfer title should clearly indicate the intent of the transaction.
- Avoid controversial or ambiguous content – even if something seems funny, it is worth considering whether it can be misreceived by the banking systems.
- Keep Professional – especially in the case of business transactions or those which may be analysed in the context of obtaining loans.
Legislation in Poland and abroad
In Poland, banks are required to monitor and study suspicious transactions. Transfer titles that may propose criminal activity can be considered suspicious. In the UK, regulations are even more restrictive. According to Dariusz Karpowicz, a financial analyst, different transfer titles may importantly impede the process of obtaining mortgage credit. In specified cases, the bank may require clarifications on any different transaction, which may hold or even prevent a loan.
Although jokes in transfer titles may seem innocent fun, they can lead to serious consequences. Banks monitor transactions for legality and may respond to suspicious entries. To avoid problems, it is worth following the recommendations of specialists and avoiding controversial titles. A thoughtful and professional approach to credit transfers not only protects against problems, but besides builds trust in relations with banks and another financial institutions.
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For those words, you might lose access to your bank account. Watch out for the transfer titles
