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Payment Instructions

General instructions for international payments to banks in GUIANA:

• Information provided by the Beneficiary: Remitter should obtain all required bank information from the Beneficiary (e.g. SWIFT BIC, account number, and beneficiary bank address).
• 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 by the beneficiary.
• Beneficiary Customer (SWIFT MT103 F59): Include account number, full name (no initials) and address of the beneficiary customer. Use of initials may delay receipt of funds by the beneficiary. Include the full beneficiary address to avoid payment delays.
• 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: xxxxGYxx or xxxxGYxxxxx.
• Reason for Payment (SWIFT MT103 F70): Purpose of payment is recommended. Funds paid to the Guyana Revenue Authority requires a reference in the following format: YYMMDD/RRRRRRRRRRRR. The relevant reference can be obtained from the Guyana Revenue Authority.
• Effective 1st May 2020, 8 Numeric Digit Transit Code is mandatory. It should be updated in the first line of Field 70 (e.g. TRANSIT CODE: XXXXXXXX).
• Additional Information: Confirm with beneficiary the beneficiary bank transit code before submitting the payment.

IBAN: No

Correspondent Banks

Standard Settlement Instructions (SSI) contain the list of correspondent banks of REPUBLIC BANK (GUYANA) LIMITED for each currency.

Payment Tracking

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

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.