ARABJOAX114

Payment Instructions

General instructions for international payments to banks in JORDAN:

• Ordering Customer (SWIFT MT103 F50): Include account number, full name (no initials), and address of the ordering customer. Use of initials can delay receipt of funds.
• Beneficiary Customer (SWIFT MT103 F59): Include account number (IBAN), full name (no initials) and address of the beneficiary customer. Use of initials may delay receipt of funds by the beneficiary.
• IBAN numbers for beneficiaries with accounts in Jordan must be included for payments in all currencies.
• Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch identifier (where required), full name, and address of the beneficiary bank. SWIFT BIC is 8 or 11 alphanumeric characters: xxxxJOxx or xxxxJOxxxxx.
• Reason for Payment (SWIFT MT103 F70 A): A 4-digit payment code and a description of the purpose of payment is mandatory for cross-currency payments. Include the 4-digit code in the first line. Sample Format: 1234. The next line should include a description of the purpose of payment. Sample Format: //Rent. Please refer to the 'Purpose of Payment Codes' section in the provided link for more details.
• Additional Information: Local market is closed on Fridays.

IBAN: In Jordan, the IBAN consists of 30 characters. The structure is: 2 letters for the country code ("JO"), 2 check digits, 4 characters for the bank code, 4 digits for the branch code, and 18 alphanumeric characters for the account number. Example: JO98ABCD7654321987123456789123.

Correspondent Banks

Standard Settlement Instructions (SSI) contain the list of correspondent banks of ARAB BANK PLC for each currency.

Payment Tracking

To track a SWIFT cross-border payment to or from ARAB BANK PLC, you need a UETR code, reference number, amount, payment date, and currency. This information is typically found in an MT103 form.

Other Branches

Related SWIFT-codes

Disclaimers

We are doing our best to demystify cross-border payments, however TrackMySwift is not responsible for any delays or losses related to usage of the information and services from our web site. Please contact your banks to receive a safe advise. Country-specific payment instructions have been prepared based on Global Wires Payments Formatting Requirements Guide from J.P.Morgan.