International Payment Requirements

as of april 27, 2023, international ach payments are no longer accepted to european countries, and as of 06/30/2023 international ach payments are no longer accepted to canada please contact your cnb support representative with any further questions when setting up international vendors within the vendor page, read the payment format requirements below and proceed to the list of countries click into the country for any additional steps required to complete the payment payment format please include the following required information for all payments to avoid potential delays or returns sender full name, account number, and address (avoid use of p o boxes) beneficiary full name, account number or iban, and address (avoid use of p o boxes) beneficiary bank name, address, and swift/bic code (8 or 11 alphanumeric) the plugin does not currently support intermediary bank details for payments with cnb please reach out with feedback here if this is something you would like to request the current list of available countries for international wires are as follows countries available australia austria belgium brazil canada china columbia czech republic denmark estonia france germany greece hong kong india indonesia ireland israel italy japan korea luxembourg mexico netherlands new zealand norway philippines poland portugal singapore south africa spain sweden switzerland thailand turkey united arab emirates united kingdom note for major currency wire fx transfers (eur/cad) there is a $250,000 limit, minor currencies such as (bzd, inr) is $50,000 if you wish to initiate wire transfers exceeding these limits, please contact cnb for a trader control number to receive a fx rate countries considered "major" currency are australia, canada, china, czech republic, denmark, euro zone, hong kong, israel, japan, mexico, new zealand, norway, poland, singapore, south africa, sweden, switzerland, thailand, turkey, uae, and the uk countries ordered a z australia swift bic country code au currency code aud currency australia dollar special formatting requirements 1\ six digit bank state branch or bsb number is required first two digits represent the bank, third represents state and last three represent branch erp requirement no additional change required banking requirement banks are required to report international funds transfers to the local regulator austrac austria swift bic country code at currency code eur currency euro special formatting requirements 1\ iban required 20 characters starting with at as the country code 2\ sepa guidelines are enforced erp requirement no additional change required banking requirement iban required belgium swift bic country code be currency code eur currency euro special formatting requirements 1\ iban required 16 characters starting with at as the country code 2\ sepa formatting standards apply 3\ use of initials in beneficiary’s full name may delay payment receipt erp requirement no additional change required banking requirement iban required brazil swift bic country code br currency code brl currency real special formatting requirements 1\ iban required 29 characters starting with br as the country code 2\ payment restrictions apply for brl payments 3\ if payment is sent outside of local currency, it will be converted by funds delivery to beneficiary 4\ use of initials in beneficiary’s full name may delay payment receipt 5\ tax id number is required – 11 digits cps for individuals and 14 digits cnpj for business entities 6\ purpose of payment must be clearly identified (rent, salary, utilities) 7\ beneficiary’s telephone number and emails are required suggest using ‘ at ’ in lieu of the @ sign 8\ the bank branch number or “agencia” is required (3 7 digit code) erp requirement no additional change required banking requirement 1\ iban required 2\ ngos must register locally to receive funds and provide registration documents at local bank 3\ beneficiary must complete paperwork to allow their bank to exchange funds including reason and destination of funds canada swift bic country code ca currency code cad currency dollar special formatting requirements 1\ it is recommended that cad payments use the 5 digit branch transit number and the 3 digit canadian financial institution number 2\ use of initials in beneficiary’s full name may delay payment receipt 3 address information using po box is not acceptable without full physical address 4\ purpose of payment must be clearly identified (rent, salary, utilities) 5\ telephone number may be required erp requirement no additional change required banking requirement no additional change required china swift bic country code cn currency code cny currency yuan/renminbi special formatting requirements 1\ this is a restricted currency – you must include all required information or the payment will not be returned 2\ cross border cny to personal accounts inside china are not supported 3\ use of initials in beneficiary’s full name may delay payment receipt 4\ purpose of payment must be clearly identified (rent, salary, utilities) 5\ there are specific codes that must be used and are 3 character codes 6\ the cnaps identification must be provided this is a 12 or 14 digit code that identifies each bank in china erp requirement no additional change required banking requirement no additional change required columbia swift bic country code co currency code cop currency columbian peso special formatting requirements 1\ beneficiary must have an in country presence to receive funds 2\ additional documentation may be required for the beneficiary to receive funds 3\ use of initials in beneficiary’s full name may delay payment receipt 4\ purpose of payment must be clearly identified (rent, salary, utilities) 5\ beneficiary’s 10 digit nit (corporate tax) or 7 11 digit cedulas 6\ telephone number of the beneficiary is required 7\ beneficiary’s email should be included and ‘ at ’ in lieu of ‘@’ erp requirement no additional change required banking requirement purpose of payment, beneficiary contact name, tax id czech republic swift bic country code cz currency code czk currency koruna special formatting requirements 1\ ibans are suggested 24 characters starting with cz as the country code 2\ if iban is not used, the 16 digit czk account number is required 3\ sepa formatting standards are enforced 4\ use of initials in beneficiary’s full name may delay payment receipt 5\ purpose of payment must be clearly identified (rent, salary, utilities) erp requirement no additional change required banking requirement ibans are suggested, funds greater than 1 million czk must be reported to central denmark swift bic country code dk currency code dkk currency krone special formatting requirements 1\ ibans are required 18 characters starting with dk as the country code 2\ sepa formatting standards are enforced 3\ use of initials in beneficiary’s full name may delay payment receipt 4\ beneficiary bank may apply a lifting charge 5\ no cents after the decimal point erp requirement no additional change required banking requirement no cents after the decimal point estonia swift bic country code ee currency code eur currency euro special formatting requirements 1\ iban required 20 characters starting with ee as the country code 2\ sepa formatting standards are enforced 3\ use of initials in beneficiary’s full name may delay payment receipt erp requirement no additional change required banking requirement iban required france swift bic country code fr currency code eur currency euro special formatting requirements 1\ iban required 27 characters starting with fr as the country code 2\ sepa formatting standards are enforced 3\ use of initials in beneficiary’s full name may delay payment receipt erp requirement no additional change required banking requirement iban required germany swift bic country code de currency code eur currency euro special formatting requirements 1\ iban required 22 characters starting with de as the country code 2\ sepa formatting standards are enforced 3\ payments above eur 12,500 must be reported to central bank 4\ use of initials in beneficiary’s full name may delay payment receipt erp requirement no additional change required banking requirement iban required greece swift bic country code gr currency code eur currency euro special formatting requirements 1\ iban required 27 characters starting with gr as the country code 2\ sepa formatting is enforced 3\ use of initials in beneficiary’s full name may delay payment receipt erp requirement no additional change required banking requirement iban required hong kong swift bic country code hk currency code hkd currency hong kong dollar special formatting requirements 1\ use of initials in beneficiary’s full name may delay payment receipt erp requirement no additional change required banking requirement if address cannot be provided for originator, customer id or date/place of birth (individual), or business registration number (corporate) must be provided to prevent the delay of funds receipt india swift bic country code in currency code inr currency indian rupee special formatting requirements 1\ legal entity identifier (lei) is strongly recommended to avoid payment rejection 2\ purpose of payment is required purpose of payment code and/or description ifsc code 11 digits indian financial system code (ifs code) is an alphanumeric code that uniquely identifies the bank and branch where the account is held erp requirement no additional change required banking requirement do not code to ifsc code; code to “localbranchcode” indonesia swift bic country code id currency code idr currency indonesian rupiah special formatting requirements 1\ additional information required clear description of the purpose of payment mandatory data formatted “skn/a/b/c/d” (ex skn/1/2/50/2) a beneficiary type 1 = individual2 = corporate3 = government b residential status 1 = resident2 = non resident c transaction type 50 = transfer between customers51 = government transactions59 = reversal / return d transaction facility type 1 = teller2 = e channel erp requirement add residential status banking requirement for banking team, need to hardcode; transaction type and transaction type facility type; always going to be 50/2 ireland swift bic country code ie currency code eur currency euro special formatting requirements iban required 22 characters starting with ie as the country code erp requirement no additional change required banking requirement iban required israel swift bic country code it currency code ils currency shekel special formatting requirements iban required 23 characters starting with il as the country code erp requirement no additional change required banking requirement iban required italy swift bic country code it currency code eur currency euro special formatting requirements 1\ iban required 27 characters starting with it as the country code erp requirement no additional change required banking requirement iban required japan swift bic country code jp currency code jpy currency japanese yen special formatting requirements 1\ purpose of payment must be clearly identified (rent, salary, utilities) 2\ payments greater than jpy 100,000 to individuals require confirmation of name, address, and birthday with government id note no cents after the decimal point beneficiary bank may apply a lifting charge erp requirement no additional change required banking requirement no cents after the decimal point korea swift bic country code kr currency code krw currency won special formatting requirements 1\ additional information required clear description of the purpose of payment beneficiary contact name 2\ purpose of payment must be clearly identified (rent, salary, utilities) 3\ if the payment exceeds usd 50,000 then telephone for the beneficiary is required note no cents after the decimal point erp requirement no additional change required banking requirement 1\ additional information required clear description of the purpose of payment beneficiary contact name luxembourg swift bic country code lu currency code eur currency euro special formatting requirements 1\ iban required 20 characters starting with lu as the country code erp requirement no additional change required banking requirement iban required mexico swift bic country code mx currency code mxn currency mexican peso special formatting requirements 1\ additional information required clabe account number – 18 digits note clabe is a banking standard for bank accounts in mexico and is required for receiving transfers please ensure all wire instructions are correct before releasing local regulation does not permit amendments/changes 2\ purpose of payment must be clearly identified (rent, salary, utilities) erp requirement no additional change required banking requirement clabe account number required netherlands swift bic country code nl currency code eur currency euro special formatting requirements 1\ iban required 18 characters erp requirement no additional change required banking requirement iban required new zealand swift bic country code nz currency code nzd currency new zealand dollar special formatting requirements requires a bsb code a 6 digit nz clearing code (first 2 digits are bank, last 4 digits are branch) 7 digit account number 3 digit suffix erp requirement no additional change required banking requirement iban required norway swift bic country code no currency code nok currency norwegian krone special formatting requirements 1\ iban required 15 characters starting with no as the country code erp requirement no additional change required banking requirement iban required philippines swift bic country code ph currency code php currency philippine peso special formatting requirements date of birth or date of incorporation is required from originator erp requirement no additional change required banking requirement no additional change required poland swift bic country code pl currency code pln currency polish zloty special formatting requirements 1\ iban required 28 characters starting with pl as the country code erp requirement no additional change required banking requirement iban required portugal swift bic country code pt currency code eur currency euro special formatting requirements 1\ iban required 25 characters starting with pt as the country code erp requirement no additional change required banking requirement iban required singapore swift bic country code sg currency code sgd currency singapore dollar special formatting requirements purpose of payment must be clearly identified erp requirement no additional change required banking requirement iban required south africa swift bic country code za currency code zar currency south african rand special formatting requirements 1\ additional information required purpose of payment description 2\ use sort codes that are 6 digits erp requirement no additional change required banking requirement purpose of payment description required spain swift bic country code es currency code eur currency euro special formatting requirements 1\ iban required 24 characters starting with es as the country code erp requirement no additional change required banking requirement iban required sweden swift bic country code se currency code sek currency swedish krona special formatting requirements 1\ iban required 24 characters starting with se as the country code 2\ purpose of payment must be clearly identified erp requirement no additional change required banking requirement iban required switzerland swift bic country code ch currency code chf currency swiss frank special formatting requirements 1\ iban required 21 characters starting with ch as the country code 2\ purpose of payment must be identified erp requirement no additional change required banking requirement iban required thailand swift bic country code th currency code thb currency thai baht special formatting requirements 1\ additional information required purpose of payment description erp requirement no additional change required banking requirement purpose of payment description required transfers equal to or greater than 5 million thb require supporting documentation turkey swift bic country code tr currency code try currency turkish lira special formatting requirements 1\ iban required 26 characters starting with tr as the country code 2\ purpose of payment must be identified erp requirement no additional change required banking requirement iban required united arab emirates swift bic country code ae currency code aed currency emirati dirham special formatting requirements 1\ iban required 23 characters starting with ae as the country code 2\ additional information required purpose of payment code erp requirement no additional change required banking requirement iban required, purpose of payment code required united kingdom swift bic country code gb currency code gbp currency great british pound special formatting requirements 1\ iban required 22 characters starting with gb as the country code 2\ sort codes are used which are 6 digits erp requirement no additional change required banking requirement iban required