Overview
MCC 6012 covers merchandise and service transactions at banks and financial institutions. This includes purchases of financial products such as foreign currency, traveller's cheques, money orders, and other banking services sold over the counter.
Transaction Profile
Varied value, low frequency, card-present, teller-assisted
Card Network Notes
Standard purchase interchange applies rather than cash advance rates. Networks classify these differently from cash disbursement MCCs (6010, 6011).
Risk & Compliance
Risk is low to medium. Transactions are typically card-present at bank branches with strong identity verification. Fraud exposure is limited by the controlled environment and existing KYC processes at financial institutions.