The specific reason or purpose for which something, especially an amount of money, is to be or may be used. In bank transfers, the Verwendungszweck helps assign the payment correctly.
example
Bitte geben Sie als Verwendungszweck die Rechnungsnummer und Ihren Namen an.
Please enter the invoice number and your name as the payment reference.
Usage tips
Word composition
The word is a compound of 'Verwendung' (use) and 'Zweck' (purpose). Since both parts have a similar meaning, the word emphasizes a very specific, clearly defined purpose for an action or object.
EXAMPLE
Der Verwendungszweck dieses Werkzeugs ist mir nicht klar.
The purpose of use of this tool is not clear to me.
Context: finance
The most common and important use of this word is in payment transactions, for example with bank transfers. Here, the Verwendungszweck (payment reference) uniquely identifies a payment.
EXAMPLE
Ich habe die Miete überwiesen und die Monatsangabe in den Verwendungszweck geschrieben.
I transferred the rent and wrote the month in the payment reference.
Typical verbs
In the context of forms and bank transfers, the Verwendungszweck (purpose of use/payment reference) is often combined with the verbs 'angeben' (to state/provide), 'eintragen' (to enter), or 'nennen' (to name).
EXAMPLE
Tragen Sie die Kundennummer bitte in das Feld „Verwendungszweck“ ein.
Please enter the customer number in the 'Verwendungszweck' (payment reference) field.
Compare with
near_synonym · confusable
Verwendungszweck vs Grund
reason / ground
'der Grund' and 'der Verwendungszweck' both have to do with the reason why an action is taken. 'der Grund' generally names the cause or justification. 'der Verwendungszweck' says more specifically what something is to be used for, especially money. In bank transfers, the 'Verwendungszweck' is the information that allows the payment to be assigned correctly. The words can be confused because both give an explanation. But 'Grund' tends to answer 'Why?', while 'Verwendungszweck' tends to answer 'What is it used for?'.
Verwendungszweck
Bitte trage beim Überweisen den Verwendungszweck „Miete April“ ein.
Please enter the payment reference 'April rent' when making the transfer.
Grund
Der Grund für die Verspätung war ein Unfall auf der Straße.
The reason for the delay was an accident on the road.