Cross-border transfers with payment purpose code
11.05.2022
To make a foreign transfer to certain countries, please enter the so-called payment purpose code in the title, which specifies the reason for the transaction. Without this, we cannot execute the transfer.
Which countries require a payment purpose code?
- United Arab Emirates
- Myanmar (Birma)
- Bahrain
- China (for transfer in CNY/RMB currency)
- Malaysia
Where can I find this code?
Once you have entered your BIC code, the list will activate from which you can select the appropriate payment purpose code.
Remember:
If you need to complete the codes in the payment title, also correct the files you want to import into the application.