TOPFUGKA

Payment Instructions

General instructions for international payments to banks in UGANDA:

Overview

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). For additional information, refer to the Central Bank website: www.bou.or.ug.

Payment Formatting Rules for UGX

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), address, and tax ID of the beneficiary customer. Use of initials may delay receipt of funds by the beneficiary. A PRN tax ID number (13 digits) is required for tax revenue payments directed towards the Ugandan Revenue Authority. Sample format: PRNXXXXXXXXXX. This information may also be included in SWIFT MT103 F70.

Beneficiary Bank (SWIFT MT103 F57)

Include SWIFT BIC with branch identifier (where required), full name, and address of the beneficiary bank. There are no specific bank clearing codes for this country for cross-border payments. SWIFT BIC is key to routing payments to the beneficiary bank. SWIFT BIC is 8 or 11 alphanumeric characters: xxxxUGxx or xxxxUGxxxxx.

Reason for Payment (SWIFT MT103 F70)

The purpose of payment is recommended.

Additional Information

UGX is a zero-decimal currency.

IBAN: No

Correspondent Banks

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

Payment Tracking

To track a SWIFT cross-border payment to or from SALAAM BANK 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.