DOCSLIB.ORG

AIB (NI) Euro Business Current Account Guide

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
AIB (NI) Euro Business Current Account Guide AIB (NI) Euro Business Current Account Guide Contents Page Who can open a Euro Business Current Account? A Euro Business Current Account can only be opened by What is a Euro Business Current Account? 1 business customers, including sole traders, partnerships and Who can open a Euro Business Current Account? 1 limited companies, who already have an active Business Sterling Current Account, in the same name, with AIB (NI) and who What are the benefits of opening a Euro Business satisfy our terms and conditions. Current Account? 1 What are the benefits of opening a Euro Business Current How do I open a Euro Business Current Account? 1 Account? How can I reduce overdraft borrowing charges on my • Income earned in Euro can be utilised for expenditure in the Euro Business Current Account? 1 same currency. • Euro Business Current Accounts can help to protect you Who do I contact should I have a query on my Euro against adverse exchange rate movements. Business Current Account? 1 • Support Euro overdraft facilities – subject to credit approval. • Euro cheque book facility. Interest charges applicable to your Euro Business • Ability to make and receive payments in Euro Current Account 2 Transaction fees & charges applicable to your Euro How do I open a Euro Business Current Account? Business Account 3 To open a Euro Business Current Account, please contact your branch, or Relationship Manager. Payment Services on your Euro Business Current Account and associated charges 4 How can I reduce overdraft borrowing and transaction fee charges on my Euro Business Current Account? What is a Euro Business Current Account? You can avoid incurring surcharge interest and unpaid item A current account denominated in Euro on NSC 93-00-08 held charges by ensuring that your Account operates in credit, or at AlB (NI), 92 Ann Street, Belfast, BT1 3HH. within your agreed overdraft limit, if any. AIB (NI) Euro Business Accounts are: If you need an overdraft, or an increase in your agreed existing • administered by AIB (NI), Business Banking, overdraft limit, you should contact your branch or Relationship • governed by UK legislation Manager in advance to discuss and agree (in writing) the The account is a non-credit interest bearing account, which appropriate arrangements on your Account to reflect your supports the following services: requirements. The granting of such facilities may incur a facility fee. • Incoming direct debits within the Single European Payments Area (SEPA) Cheque books provided should only be used for the settlement • Standing orders within the Single European Payments Area of transactions in the SEPA zone. Cheques presented in non- (SEPA) SEPA countries may incur additional collection costs. • Incoming and outgoing Euro credit transfers within the Single European Payments Area (SEPA) Who do I contact should I have a query on my Euro • International Payments Business Current Account? • Cheque Payments If you have any queries in relation to your Euro Business • Online Access – business customers may access their Euro Current Account, you should contact your branch, or your Business Current Account through our internet based cash Relationship Manager. You can also call AIB Business Banking on management system – iBusiness Banking (iBB). For further 0345 6005 925. information, please contact your AIB branch or Relationship Manager. Information correct as at 7 September 2020. 1 Interest we charge you There are three different categories of interest you might pay, and these are explained below. You can find the current AIB (NI) Euro base rate and details about interest rates on our website aibni.co.uk You can also call our helpline on 0345 6005 925. Debit interest We work out debit interest each day on the overdrawn balance of the account. The debit interest rate that applies to your account depends on whether you have agreed an overdraft facility with us. If you have agreed an overdraft facility with us, we will charge you the rate that we agreed with you at the time the overdraft was arranged. The rate will be a rate over and above the AIB (NI) Euro base rate. If you have not agreed an overdraft with us, we will charge you the default debit interest rate applicable to the product. Surcharge interest As well as the standard rate of debit interest we charge you if you go overdrawn, we will also charge you surcharge interest at 12% per annum on the overdrawn account balance in the following circumstances. 1. If your account goes overdrawn without you first having agreed a limit with us, we will charge surcharge interest on the overdrawn balance and on any funds that have not yet cleared. 2. If you go over any agreed overdraft limit, we will charge surcharge interest on that part of your balance which is over that limit and on any funds, above the agreed limit, that have not yet cleared. 3. f your agreed overdraft limit is no longer in force, we will charge surcharge interest on the overdrawn account balance and on any funds that have not yet cleared. Uncleared interest When you lodge cheques from which the funds are taken from accounts with other banks, the cheques take a number of days to clear’ through the banks’ clearing system. If you have an overdrawn balance and pay cheques into your account, the following will apply. 1. If the cheques you have paid in are not enough to cover the overdrawn balance, we will work out uncleared interest on the full amount of the cheques. 2. If the cheques you have paid in are for more than the overdrawn balance, we will work out uncleared interest on the cheques, but only on the overdrawn balance. 3. If your account is in credit and you lodge a cheque but then withdraw the money in your account, including some or all of the cheque you have lodged, before it has cleared, we will work out uncleared interest on the account you have withdrawn from your account which had not cleared. In other words, when you make the withdrawal we will take the cleared funds (the amount your account was in credit) first before taking the uncleared funds (the cheque which has not been cleared). Changes to debit, surcharge and uncleared interest Debit, surcharge and uncleared interest rates may change. We will let you know about any changes in line with our terms and conditions. 2 Schedule of Transaction Fees and Charges applicable to the operation of a Euro Business Current Account on NSC 93-00-08 We have provided details of all our prices for the most commonly used banking services and facilities below. If we do not give a price for a service you want to use, please ask us and we will give you all the details you need. All fees may change in the future. You can also get information on our fees by visiting our website aibni.co.uk, or by calling our helpline on 0345 6005 925. 1. Transactions Fees These charges are calculated at the end of February, May, August and November and are charged to your account in March, June, September and December. A breakdown of these charges will be sent out at least two weeks in advance of them being debited from your Euro Business Current Account. Transaction Charge Standing charge per quarter, or part thereof (per account regardless of the number of transactions) €12.50 per quarter Automated lodgements/withdrawals €1.00 each Paper lodgements/withdrawals €1.00 each Cheque withdrawals €1.00 each Incoming payments with details (cost of inserting narrative) €0.50 each 2. Service Fees These charges will be debited to your Euro Business Account at the time the service is provided. Service Charge Duplicate statements €10.00 per request Stop payments €2.00 per cheque Unpaid cheques received If a cheque has been paid into your account from another bank account, we will charge you this fee if €4.44 per cheque the other bank, or branch decides not to pay the item. Cash handling 2% of the value of This is the fee we charge for handling cash lodgements and withdrawals on top of the transaction fee the amount lodged/ shown in the previous table withdrawn 3. Unarranged Borrowing Fees If you do not follow the terms and conditions of your account the following fees may apply: Description Charge Unpaid items drawn on your Account If an item such as a cheque, standing order or direct debit is due to be paid from your account and you €10.00 per item do not have enough money to cover the payment, we will charge you an unpaid item fee if we decide, after examining your account, not to pay the item. Unauthorised borrowing (Referral fee) If an item such as a cheque is due to be paid from your account and this makes your account go €5.15 per item, up to a overdrawn or over your agreed overdraft limit, or if your account is already overdrawn, or over your maximum five fees each agreed overdraft limit we will charge you a paid item fee if we decide to pay the item after examining day. your account. 3 Euro Business Current Account Payment Services Outgoing Payment Services Pricing Account Transfer FX Paper Electronic Instruction Instruction • Allows you to transfer(16) funds between your Euro Business Current Account to or from any €0.00 per €0.00 per AIB (NI) Accounts transfer transfer • The required Unique Identifier(3) for the Payee account is a valid AIB (NI) National Sorting Code(12) (NSC – 6 digits) and valid Payee account number (8 digits) or IBAN of receiver. Account Account • Execution time is a minimum of same day(4) and a maximum of next Business Day(5).
Load more

Recommended publications
  • International Wire Transfer Quick Tips &
    INTERNATIONAL WIRE TRANSFER QUICK TIPS & FAQ In order to effectively process an international wire transfer, it is essential that the ultimate beneficiary bank as well as the intermediary bank, if applicable, is properly identified through routing codes and identifiers. However, countries have adopted varying degrees of sophistication in how they route payments between their financial institutions, making this process sometimes challenging. For this reason, these Quick Tips have been created to help you effectively process international wires. By including the proper routing information specific to a country when processing a wire transaction, you can ensure your wires will be processed correctly. Depending on the destination of an international wire transfer, the following identifiers should be used to identify the beneficiary bank and intermediary bank, as applicable. SWIFT code: Stands for ‘Society for Worldwide Interbank Financial Communications.’ Within the international transfer world, SWIFT is a universal messaging system. SWIFTs are BICs (Bank Identifier Code) connected to the S.W.I.F.T. network and either take an eleven digit or eight digit format. A digit other than “1” will always be in the eighth position. Swift codes always follow this format: • Character 1-4 are alpha and refer to the bank name • Characters 5 and 6 are alpha and refer to the currency of the country • Characters 7-11 can be alpha, numeric or both to designate the bank location (main office and/or branch) Example: DEUTDEDK390 (w/branch); SINTGB2L (w/o branch) BIC: A universal telecommunication address assigned and administered by S.W.I.F.T. BICs are not connected to the S.W.I.F.T.
    [Show full text]
  • Bank Accounts Tge Partners
    Document updated November 2017 BANK ACCOUNTS TGE PARTNERS For more information, please visit www.transnationalgiving.eu 1 “ENABLING PHILANTHROPY ACROSS EUROPE” Document updated November 2017 Unfortunately, due to recent jurisdiction, the Stiftung Philanthropie Österreich needs to negotiate with the Austrian fiscal authorities, before transmitting donations from Austrian donors to foreign beneficiaries will be possible. Contact : Eva Estermann – [email protected] – +43 / 1 / 27 65 298 - 13 Günther Lutschinger – [email protected] – +43 / 1 / 27 65 298 - 14 Belgian donors can make their TGE donations on following account: Account holder: King Baudouin Foundation Bank: bpost bank Address Rue des colonies 56 (P28)- 1000 Brussels Account number: 000-0000004-04 IBAN: BE10 0000 0000 0404 BIC: BPOTBEB1 Communication: TGE – “Name organisation” – “Country of destination” Contact : Carine Poskin – [email protected] – +32 2 549 02 31 Ludwig Forrest – [email protected] – +32 2 549 02 38 Bulgarian donors can make their donations on following account: Account holder: Bcause Bank: Unicredit Bulbank Address: 7, St. Nedelya sq. - Sofia 1000 IBAN: BG 54 UNCR 7630 100 711 02 07 BIC: UNCRBGSF Communication: TGE – “Name organisation” – “Country of destination” Contact: Lyudmila Atanassova – [email protected] – +359 2 981 19 01 For more information, please visit www.transnationalgiving.eu 2 Document updated November 2017 Croatian donors can make their donations on following account: Account holder: Europska zaklada za
    [Show full text]
  • IBAN Formats by Country
    IBAN Formats By Country The kk after the two-character ISO country code represents the check digits calculated from the rest of the IBAN characters. If it is a constant for the country concerned, this will be stated in the Comments column. This happens where the BBAN has its own check digits that use the same algorithm as the IBAN check digits. The BBAN format column shows the format of the BBAN part of an IBAN in terms of upper case alpha characters (A–Z) denoted by "a", numeric characters (0–9) denoted by "n" and mixed case alphanumeric characters (a–z, A–Z, 0–9) denoted by "c". For example, the Bulgarian BBAN (4a,6n,8c) consists of 4 alpha characters, followed by 6 numeric characters, then by 8 mixed-case alpha-numeric characters. Descriptions in the Comments field have been standardised with country specific names in brackets. The format of the various fields can be deduced from the BBAN field. Countries that are planning to introduce the IBAN are shown in italics with the planned date of introduction in bold. BBAN Country Chars IBAN Fields Comment Format b = National bank code s = Branch code Albania 28 8n, 16c ALkk bbbs sssx cccc cccc cccc cccc x = National check digit c = Account number b = National bank code Andorra 24 8n,12c ADkk bbbb ssss cccc cccc cccc s = Branch code c = Account number b = National bank code Austria 20 16n ATkk bbbb bccc cccc cccc c = Account number b = National bank code Azerbaijan 28 4c,20n AZkk bbbb cccc cccc cccc cccc cccc c = Account number b = National bank code Bahrain 22 4a,14c BHkk bbbb cccc cccc cccc
    [Show full text]
  • Bank Code Definitions for Requesting Wires ABA, IBAN, SWIFT / BIC and CLABE
    Bank Code Definitions for Requesting Wires ABA, IBAN, SWIFT / BIC and CLABE Required banking codes for wires in: • US dollars require an ABA • Foreign currency the SWIFT / BIC is needed If the Payee bank is part of the European Community (see below list), the IBAN and SWIFT / BIC are required. What is an ABA? (American Bankers’ Association National Numeric System) • The ABA routing number is a unique, 9 digit identifying transit number assigned to each bank. What is the IBAN? (International Bank Account Number) • The IBAN is a series of alphanumeric characters which uniquely identify an account held at a bank. It can be up to 34 characters long and contains a two-character country code, two check digits, and the basic bank account number. The basic bank account number identifies the bank as well as the account holder. In printed format, spaces are inserted for readability (i.e. DE16 5003 3300 0532 0130 00). What is the BIC? (Bank Identifier Code) • The BIC is an 8-character code also known as the SWIFT address and is uniquely assigned to banks. Branch codes can be added to the BIC to further designate which branch of a bank should receive the SWIFT message. When a branch code is added, the BIC has 11 characters (i.e. BARCGB22 or DEUTDE3B400). What is CLABE? (Clave Bancaria Estandarizada) • The CLABE is a banking standard for the numbering of bank accounts in Mexico. This standard is a requirement for the sending and receiving of international transfers since June 1, 2004. The CLABE account code has 18 digits.
    [Show full text]
  • 2020 International Payments Guide
    2020 International Payments Guide Your Guide to Global Payments Requirements International Payments Guide Last Updated 12.2020 Table of Contents / Currency Selection Table of Contents / Currency Selection Glossary ...................................................................... 5 Cameroon ................................................................. 26 Afghanistan ................................................................ 6 Canada ...................................................................... 26 Aland Islands ............................................................. 6 Cape Verde Islands ................................................. 27 Albania ........................................................................ 7 Central Africa (BEAC) ............................................. 28 Algeria ......................................................................... 8 Central African Republic ........................................ 30 Andorra ....................................................................... 8 CFP Franc ................................................................. 30 Angola ......................................................................... 9 Chad .......................................................................... 31 Anguilla ....................................................................... 9 Chile ........................................................................... 32 Antigua and Barbuda ................................................ 9 China (Offshore)
    [Show full text]
  • 2020 Global Payments Guide
    FS TREASURY SERVICES 2020 Global Payments Guide Your Guide To Making Cross-Currency Payments in over 160 Countries with Ease. 2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 2 The J.P. Morgan Global Payments Guide is your desktop resource to help you make timely and accurate payments to beneficiaries around the world. Work with J.P. Morgan to get the global payment support that your business Setting up your payment Cross-Border Payment Requirement demands It is best practice to include the below standard information in Intermediary banks are often used when a payment is made in a With employees, suppliers and operations located around the payment instructions to avoid potential delays or returns: currency that is different from the local currency. When making a globe, ensuring prompt payments in multiple currencies is a payment through an intermediary bank, their SWIFT BIC must be Ordering Customer challenge. Your business requires a partner who takes the time to – included. understand your needs and helps ensure your payments are Account number processed smoothly. – Full name (no initials) Key Terms – Full address International Bank Account Number (IBANN As one of the top-ranked cash management and payments – Street address (avoid P.O. Box numbers) The International Bank Account Number, IBAN, is an internationally processors in the world, J.P. Morgan is able to offer the tools that – City agreed standard to identify an individual’s account at a financial help you manage your day-to-day global operations, along with – State Code institution.
    [Show full text]
  • Bbaannkk Iinnffoorrmmaattiioonn // Rreennsseeiiggnneemmeennttss Bbaannccaaiirreess
    OFFICE DES NATIONS UNIES À GENÈVE UNITED NATIONS OFFICE AT GENEVA BBAANNKK IINNFFOORRMMAATTIIOONN // RREENNSSEEIIGGNNEEMMEENNTTSS BBAANNCCAAIIRREESS Beneficiaries are advised that payments are effected by direct bank transfer to a valid bank account in the beneficiary’s name. If you do not have a bank account, we would request that one be opened for that purpose. Please provide banking information as requested below. L’attention des bénéficiaires est attirée sur le fait que les paiements effectués virés directement au compte bancaire établi au nom du bénéficiaire. Si vous ne disposez pas d’un compte bancaire, veuillez en ouvrir un à cet effet. Veuillez fournir les renseignements demandés ci-dessous. BENEFICIARY ( CONSULTANT / VENDOR / THIRD PARTY) Name: First Name: (for consultants only) Address: Tel. No.: IMIS Index No. BANK INFORMATION Name : Address: Bank ID number: Bank (National) SWIFT code: Account Currrency of Number bank account: International bank account number: IBAN Routing instructions: Pay through 1 Pay through 2 (if applicable) * Swift code Bank name Bank address Routing Code/Bank Code NOTE : Please attach sample of your bank account statement / Veuillez attacher une copie de votre relevée de compte bancaire * ( REMINDER : It is important to indicate complete bank details to enable us to efficiently transfer funds to your accounts. Different countries have different bank codes. Example : USA- 9 digit ABA, UK- 6 digit Sort Code, Germany-8 digit BLZ, Austria- 5 digit BLZ, Australia- 6 digit BSB, France- 23 digit a/c no., Canada- 8 digit Transit No., Italy-ABI/CAB.) * ( RAPPEL : Il est important d’indiquer tous les détails bancaires afin de nous permettre de transférer efficacement les fonds sur votre compte.
    [Show full text]
  • Bank Code List
    Bank Code List (sorted by bank code) Bank Code Bank Name in English 003 STANDARD CHARTERED BANK (HONG KONG) LIMITED 004 THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED 005 CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK 006 CITIBANK, N.A. 007 JPMORGAN CHASE BANK, N.A. 008 NATWEST MARTETS PLC 009 CHINA CONSTRUCTION BANK (ASIA) CORPORATION LIMITED 012 BANK OF CHINA (HONG KONG) LIMITED 015 THE BANK OF EAST ASIA, LIMITED 016 DBS BANK (HONG KONG) LIMITED 018 CHINA CITIC BANK INTERNATIONAL LIMITED 020 CMB WING LUNG BANK LIMITED. 022 OVERSEA-CHINESE BANKING CORPORATION LTD. 024 HANG SENG BANK LTD. 025 SHANGHAI COMMERCIAL BANK LTD. 027 BANK OF COMMUNICATIONS CO., LTD 028 PUBLIC BANK (HONG KONG) LIMITED 035 OCBC WING HANG BANK LIMITED 038 TAI YAU BANK LTD. 039 CHIYU BANKING CORPORATION LTD. 040 DAH SING BANK, LTD. 041 CHONG HING BANK LIMITED 043 NANYANG COMMERCIAL BANK, LTD. 045 UCO BANK 046 KEB HANA BANK 047 MUFG BANK, LTD. 049 BANGKOK BANK PUBLIC COMPANY LIMITED 050 INDIAN OVERSEAS BANK 054 DEUTSCHE BANK AG 055 BANK OF AMERICA, N.A. 056 BNP PARIBAS 058 BANK OF INDIA 060 NATIONAL BANK OF PAKISTAN 061 TAI SANG BANK LIMITED 063 MALAYAN BANKING BERHAD (MAYBANK) 065 SUMITOMO MITSUI BANKING CORPORATION 066 PT. BANK NEGARA INDONESIA (PERSERO) TBK. 067 BDO UNIBANK, INC. 071 UNITED OVERSEAS BANK LTD. 072 INDUSTRIAL AND COMMERCIAL BANK OF CHINA (ASIA) LIMITED 074 BARCLAYS BANK PLC. 076 THE BANK OF NOVA SCOTIA 080 ROYAL BANK OF CANADA 081 SOCIETE GENERALE 082 STATE BANK OF INDIA Bank Code List (sorted by bank code) Bank Code Bank Name in English 085 THE TORONTO-DOMINION BANK 086 BANK OF MONTREAL 092 CANADIAN IMPERIAL BANK OF COMMERCE 097 COMMERZBANK AG 103 UBS AG, HONG KONG 106 HSBC BANK USA, N.A.
    [Show full text]
  • Foreign Payment Operations in Direct Banking of Unicredit Bank Czech Republic and Slovakia, A.S
    Foreign Payment Operations in Direct Banking of UniCredit Bank Czech Republic and Slovakia, a.s. BusinessNet User Handbook April 2015 2 3 INTRODUCTION Dear Client Foreign payment operations have developed into a theme perceived as an integral element of the financial life of every company. This Handbook you have just opened is meant to assist you in understanding various types of foreign payments and navigate you at executing them flawlessly in the BusinessNet application you have been using for electronic communication with UniCredit Bank. Due to the developing business and globalisation, the amount of payment transactions has been ever increasing all around the world and, in that number, in Europe and the Czech Republic. The growing quantities of transactions place distinctly higher demands on the institutions processing such transactions. The institutions have to concentrate on standardisation, accuracy, speed and, last but not least, fully automated processing. The European Union has been actively promoting improved standardisation of the payment operations. The Member States and banks operating in them must meet multiple requirements imposed, inter alia, by the European Commission and national legislations. Rules have been set up in Europe on assignment of unique international bank account numbers (IBAN) and common rules introduced of debiting fees for payments within the EU and EEA. Another step towards standardisation is represented by the SEPA payments and SEPA direct debit. All that inevitably brings also increased demands on the correctness of payment orders that you - our clients - submit for processing to our bank. We believe that this Handbook will make their right preparation easier for you and, as such, will become your helpful companion.
    [Show full text]
  • Information About Iban and Bic
    InformatIon about Iban and bIC Iban (IntErnatIonaL banK aCCount numbEr) Iban stands for the International bank account number, Iban is an internationally agreed system of uniquely identifying bank accounts, bank and creditor’s or debtor’s country. format ■ The IBAN consists of up to 34 alphanumeric characters , of which: Two characters the ISO country code Two characters are check digits calculated using MOD-97-10 The Basic Bank Account Number (including bank code) of up to 30 alphanumeric characters ■ In KB direct banking services must be used the electronic IBAN format for payments to foreign countries, which contains alphanumeric characters with no spaces or other characters ■ In written form, the IBAN may be structured in groups of four characters separated by spaces Iban examples: Country belgium france account number 510-0075470-61 2004101005 0500013M026 06 Electronic format BE62510007547061 FR1420041010050500013M0206 Written format BE62 5100 0754 7061 FR14 2004 1010 0505 0001 3M02 06 ■ If the account number is not stated in the IBAN format in the case of payments to foreign countries, foreign banks in countries that use IBAN may charge a fee for manul processing (the so-called NON-STP) Iban at Komerční banka ■ The basic bank account number is used ■ It is only transformed into the IBAN format ■ The number is shown in the header of each account statement in this format Iban in the Czech republic The account number in the IBAN format is made up of 24 alphanumeric characters , where: ■ Two characters are the ISO country code – CZ ■ Two characters are check digits calculated using MOD-97-10 ■ The bank code – 4 digits ■ The account number – 16 digits (including the prefix) Example of an account number: The number 1620-23123111/0100 of an account held in KB; Account number in the IBAN format – CZ65 0100 0016 0200 2312 3111 More information can be found at www.cnb.cz .
    [Show full text]
  • Clearing Codes Rules
    Clearing Codes Rules Version 2.0 | 13/02/2020 Clearing Codes Rules Contents CLEARING CODES RULES 1 VERSION 1 DOCUMENT INFORMATION 4 1.1 VERSION HISTORY 4 1.2 COPYRIGHT STATEMENT 4 2 INTRODUCTION 5 3 ELIGIBILITY CRITERIA 6 3.1 ELIGIBILITY CRITERIA FOR DIRECT PARTICIPANTS 6 3.2 ELIGIBILITY CRITERIA FOR INDIRECT PARTICIPANTS IN BACS, FPS, CHAPS, & ICS SCHEMES 6 3.3 PAYMENT SERVICES REGULATION EXEMPTION FOR CERTAIN BODIES 8 3.4 OFFSHORE ELIGIBILITY (JERSEY, GUERNSEY, GIBRALTAR & ISLE OF MAN) 9 3.5 OVERSEAS BRANCHES AND INSTITUTIONS 9 4 SORTING CODE BANK REFERENCE DATA CHANGES 9 4.1 BANK REFERENCE DATA SORTING CODE REGISTRATION & AMENDMENTS 9 4.2 ALLOCATION OF NEW SORT CODES TO DIRECT PARTICIPANTS WHO ARE NOT DIRECT PARTICIPANTS OF BACS OR ICS SCHEMES 10 4.3 ISSUE OF NEW SORTING CODE NUMBERS 10 4.4 ISSUE OF NEW NORTHERN IRISH SORTING CODE NUMBER 11 4.5 ISSUE OF NON STANDARD SORTING CODE NUMBERS (IBANS) 11 4.6 BRANCH TITLE AND ADDRESS 11 4.7 INDIRECT PARTICIPANTS (INDIRECT CLEARER / AGENCY BANKS) 12 4.8 REISSUE / TRANSFER OF SORTING CODES (INCLUDING MERGERS & TAKEOVERS) 12 4.9 CHANGE OF SETTLEMENT OR SWITCH PARTICIPANT / PORTABILITY OF SORTING CODES 12 4.10 MULTIPLE SETTLEMENT PARTICIPANTS 13 © Pay.UK 2020 2 | VERSION 2.0 | 13/02/2020 Classification: Public Clearing Codes Rules 5 REFRESHING / UPDATING SORT CODE REFERENCE DATA 13 6 CURRENT ACCOUNT SWITCH SERVICE (CASS) 13 7 MODULUS CHECKING 14 8 BUSINESS IDENTIFIER CODES (BICS) – RULES GUIDELINES & REGISTRATION 14 8.1 INTRODUCTION 14 8.2 REISSUE OF BANK IDENTIFIER CODES 14 8.3 MULTIPLE SETTLEMENT
    [Show full text]
  • Outgoing International Wire Standard Instructions
    Treasury & Payment Solutions Quick Reference Guide Outgoing International Wire Standard Instructions This guide provides the requirements for outgoing foreign currency wires. It includes currency codes, any special formatting instructions, and any additional supporting documents or IBAN (International Bank Account Number) if needed to send a wire. Country Specific Guidelines: Currency IBAN Currency Special Formatting / supporting documentation requirement Code Required United Arab AED - IBAN: 23 characters (AEXX + 19 digits) must be stated in F53 Emirates - Purpose of payment must be stated in F77B Dirham - Ordering customer’s name and address must be supplied Afghani AFN - Purpose of payment must be stated Afghani - Ordering customer’s name and address must be supplied Albanian Lek ALL - IBAN: 28 characters (ALXX + 24 characters) - Purpose of payment must be stated - Ordering customer’s name and address must be supplied - Beneficiary account name and number - For utility payments: name of the client, month of the utility bill period covered, and contract number of the subscriber - For tax payments: FDP (payment order document generated by Tax Office system) is required - For custom fee payments: NIPT (tax identification number) Armenian AMD - Purpose of payment must be stated Dram - Ordering customer’s name and address must be supplied - Trades over 20 million AMD require supporting documentation which reflect the purpose of payment (e.g., copy of invoice) - Bank code must be added in front of beneficiary account numbers - Residency
    [Show full text]