Location Bank Account Purposes indicate the type of purpose of bank account for a location. These are valid purpose classifications for bank accounts associated with locations, indicating the intended use or function of the account

Available location bank account purposes are: FEES, SETTLEMENT.

Available Types

Type	Description
FEES	Bank account is used for collecting or processing business fees, charges, or service payments.
SETTLEMENT	Bank account is used for processing payment settlements, transaction reconciliations, or batch payment distributions.
<others>	As defined in the account setup process.