To maximise the chances of your payments reaching beneficiaries successfully, we recommend these formatting best practices, in your payment instructions:
Ordering Customer (Your details)
Full legal name (avoid initials)
Full street address (P.O. Boxes are not accepted)
City, county/region, and postcode
2-letter ISO country code
Account number
Beneficiary (Recipient details)
Full legal name – Account Holder (avoid initials)
Full street address (note: P.O. Boxes may cause delays or rejections)
City, county/region, and postcode
2-letter ISO country code
Full account number (IBAN where applicable)
Beneficiary Bank
Full bank name and address
SWIFT BIC code (8 or 11 characters)
National clearing or routing code (where required)
Intermediary bank SWIFT BIC (for cross-currency payments)
Payment reference:
Always include a clear and specific purpose of payment. To make this easier, we've added a list of payment purpose codes to help you select the most appropriate option.
Please note: Cross-border payments in exotic currencies may carry a higher risk of rejection or return.
CNY – Chinese Yuan Renminbi - Payments to Mainland China
Beneficiary must be activated in RCPMIS before first transaction. (RCPMIS is China’s Central Bank Information System) When processing these transactions, the beneficiary name must exactly match the records stored in RCPMIS.
Required Information: Purpose of Payment Code: 6-character code:
Goods: /CGODDR/
Services: /CSTRDR/
Capital transfer: /CCTFDR/
Charitable donation: /CCDNDR/
Other current account: /COCADR/
· Beneficiary Bank code BIC/SWIFT: xxxxCNxx format
· Beneficiary Bank Branch Address (starting with ADD.)
Important Restrictions:
Payments to individual residents in China are not permitted
Payments to non-resident beneficiaries are heavily restricted and subject to local regulations
Trade Related and Travel Related payment purposes cannot be used when paying individuals
AED — UAE Dirham
IBAN: Mandatory for all UAE beneficiaries
⚠️ Purpose Code: among all possibilities, the main Key codes are:
SAL (Salary)
RNT (Rent)
TAX (Tax)
UTL (Utility)
SCO (Construction)
STR (Travel)
TTS (Technical services)
TOF (Transfer of funds)
Bank Code - SWIFT BIC: xxxxAExx format
CAD — Canadian Dollar
Account number: Concatenation: [4-digit bank] + [5-digit transit] + [account]. No IBAN in Canada.
Canadian Wire account numbers are typically between 6 and 12 digits and vary in length.
Bank Code - SWIFT BIC: Mandatory
MXN — Mexican Peso
Beneficiary Account Number CLABE: 18-digit standardised account number
RFC (Tax ID): 12–13 character Mexican tax ID
Bank Code - SWIFT BIC: xxxxMXxx format
Payment details field: Limited to 40 alphanumeric characters
JPY – Japanese Yen
Amount: Whole numbers only (no decimals).
Purpose of Payment: Mandatory
Bank Code - SWIFT BIC: xxxxJPxx format. The Post Bank (JPPSJPJ1XXX) is NOT supported.
THB – Thai Baht
Purpose of Payment: Mandatory - /REG/[Country Domicile]/[Purpose Code] format
Bank Code - SWIFT BIC: xxxxTHxx format. Mandatory
If you have questions about formatting payments for a specific currency, please contact our support team.