522320 Financial Transactions Processing, Reserve, and Clearinghouse Activities

Official definition

This industry comprises establishments primarily engaged in providing one or more of the following: (1) financial transaction processing (except central bank); (2) reserve and liquidity services (except central bank); and/or (3) check or other financial instrument clearinghouse services (except central bank).

Examples Census gives

• Automated clearinghouses, bank or check (except central bank)
• Credit card processing services
• Check clearing services (except central bank)
• Electronic funds transfer services, including peer-to-peer payment services

Source: US Census Bureau, 2022 NAICS descriptions.

When to use a different code

Census classifies these close-sounding activities somewhere else. Businesses mainly engaged in:

• Establishments primarily engaged in nonfinancial data and electronic transaction processing (except payroll processing services) are classified in Industry 518210, Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services.
• Establishments primarily engaged in providing payroll processing services are classified in U.S. Industry 541214, Payroll Services.
• Establishments of the central bank primarily engaged in check clearing and other financial transaction processing are classified in Industry 521110, Monetary Authorities-Central Bank.
• Establishments primarily engaged in credit card issuing and related financial transaction processing are classified in Industry 522210, Credit Card Issuing.
• Establishment primarily engaged in furnishing physical or electronic marketplaces for the purpose of facilitating the buying and selling of securities and commodities are classified in Industry 523210, Securities and Commodity Exchanges.
• Establishments primarily engaged in operating commodity or securities exchange clearinghouses are classified in U.S. Industry 523999, Miscellaneous Financial Investment Activities.

Source: US Census Bureau, 2022 NAICS cross-references.

Activities listed under 522320

The Census index assigns these 14 activities to this code. If your business matches one, this is your code.

• Automated clearinghouses, bank or check (except central bank)
• Automated Teller Machine (ATM) or Automated Loan Machine (ALM) network operation
• Bank clearinghouse associations
• Central reserve financial institutions (except central bank)
• Check clearing services (except central banks)
• Check clearinghouse services (except central banks)
• Check validation services
• Clearinghouses, bank or check
• Credit card processing services
• Electronic financial payment services
• Electronic funds transfer services, including peer-to-peer payment services
• Financial transactions processing (except central bank)
• Processing financial transactions
• Reserve and liquidity services (except central bank)

Source: US Census Bureau, 2022 NAICS index file.

SBA size standard for 522320

To count as a small business for SBA loans and federal contracts under NAICS 522320, your business (including affiliates) must not exceed $47 million in average annual receipts. Check your business.

Source: SBA table of size standards, effective March 17, 2023.

Closest UK SIC 2007 codes

There is no official one-to-one link between NAICS and UK SIC. These codes share the same international class (ISIC Rev. 4: 6619), so treat them as a starting point and check the definition.

• 66190Activities auxiliary to financial intermediation n.e.c.UK SIC

Built from Census concordances 2022→2017 NAICS and 2017 NAICS→ISIC Rev. 4.

Similar codes to compare

• 522310Mortgage and Nonmortgage Loan Brokers
• 522390Other Activities Related to Credit Intermediation