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Payee Field Length

My bank just updated their backend system and it is annoying because their Payee field content has so much extraneous data it is truncated to the point where I find myself having to log into their web portal just to see who the payee is.

For example: "Withdrawal Debit Card Card 0616 Date 02/09/21 0 1040428872 4 554"

There is nothing unique about this that would allow me to use a renaming rule.

I am guessing this is something to take up with my Bank but was curious if there is a way to increase how much data is populated in the Payee field (for now).

Best Answer

  • UKR
    UKR SuperUser ✭✭✭✭✭
    Accepted Answer
    Call your bank's upper level management and complain. Request that they change the downloaded data to
    Payee = the true Payee Name, e.g., ARCO Gas
    Memo = "Withdrawal Debit Card Card 0616 Date 02/09/21 0 1040428872 4 554"
    There's nothing that can be done until they get their act together. AFAIK, the OFX file structure defines the Payee Name to a length of around 30 characters, the Memo to up to 250 characters

Answers

  • UKR
    UKR SuperUser ✭✭✭✭✭
    Accepted Answer
    Call your bank's upper level management and complain. Request that they change the downloaded data to
    Payee = the true Payee Name, e.g., ARCO Gas
    Memo = "Withdrawal Debit Card Card 0616 Date 02/09/21 0 1040428872 4 554"
    There's nothing that can be done until they get their act together. AFAIK, the OFX file structure defines the Payee Name to a length of around 30 characters, the Memo to up to 250 characters
  • Chris Summers
    Chris Summers Member ✭✭
    Thank you; that is what I thought the issue was but wanted to make sure!
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