Bank Account Purpose

When the Enable bank account purpose toggle is on for the Investment Account task, a Bank account purpose field is displayed in the Link Bank Account modal. Users must select one or more purpose values before saving the link, and the selected values are displayed in the Account Purpose column of the Bank Accounts grid.

Purpose values are configurable via the Reference Data Editor under the 'Bank Account Purposes' reference data list. If the toggle is subsequently turned off, any previously captured purpose values remain visible as read-only in the Account Purpose column and are not removed.

User Guide Reference: Investment Account Management Guide