A statement description is the text that you see on your bank statements when you receive payouts. This helps you to identify the payout. Adyen passes the description that you provide to the recipient bank. Most banks show this description in the statement.
In some regions, banks combine the description and reference for beneficiary in a single field. This means that the number of characters visible in bank statements apply to both the description and reference for beneficiary combined. For example, consider a transfer request with the following values:
description: Payment for service - June 30referenceForBeneficiary: PaymentFromYourCompanyName
In this case, the information appears in the bank statement as follows:
- Payment for service - June 30 PaymentFromYourCompanyName
If the length of the text exceeds the character limit of the bank statement, the text is truncated.
You can configure default descriptions by reaching out to our Support Team. You can override the default description when you make a transfer request.
Character limits
The following tables show the character limits for each combination of currency and priority that Adyen supports.