Payment Formatting Guidelines
PAYMENT FORMATTING GUIDELINES 10.2018 Version 6.2 kpcu.com PAYMENT FORMATTING GUIDELINES Welcome to the October 2018 edition of the Payment Formatting Guidelines (PFG). In response to newly implemented payment requirements, we will be updating the following: • AUD (Australian Dollar), Beneficiary Account requirements • ARS (Argentine Peso), full beneficiary address required • ILS (Israeli Shekel), payments to Palestine require a 29 character IBAN • INR (Indian Rupee), P1401 POP code added back to list • MXN (Mexican Peso), beneficiary tax ID required: - Tax ID character length for INDIVIDUAL = 13 or 18 alphanumeric digits - Tax ID character length for BUSINESS = 12 alphanumeric digits • MXN (Mexican Peso), Recommendation: Beneficiary name should not include initials. Beneficiary names must consist of 3 or more letters. • NAD (Namibian Dollar), beneficiary bank branch address requirement removed • PHP (Philippines Peso), beneficiary bank branch address requirement removed • TWD (New Taiwan Dollar), Chunghwa Post Co., Ltd. will not accept TWD payments • SGD (Singapore Dollars), beneficiary bank account requirements amended to 5-14 digits, branch code required for payments to HSBC, OCBS or SBI. • NPR (Nepalese Rupee), (Removed) ADDITIONAL CONSIDERATIONS: Payments to Nepalese Nationals in Nepal can be done in NPR only. We are also happy to include requirements for the following new currencies: AWG (Arubian Florin); CDF (Congolese Franc); MDL (Maldavian Lieu); MNT (Mongolian Tugrik); MRU (Mauritanian Olguiya); STN (Dobra); and IQD (Iraqi Dinar). TABLE OF CONTENTS CURRENCY GUIDELINES �����������������������������������������������������������������������������������������������������������������������������������������������������3 MAXIMIZING THE USE OF THIS DOCUMENT . .3 BBAN/BASIC BANK ACCOUNT NUMBER . .3 IBAN/INTERNATIONAL BANK ACCOUNT NUMBER . .3 SWIFT/BIC CODE . .4 BANK CODE . .4 NON-SWIFT BIC . .5 BENEFICIARY ADDRESS .
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