BGFIBJBJ

Payment Instructions

General instructions for international payments to banks in BENIN:

• Obtain all required bank information from the Beneficiary, including SWIFT BIC, account number, and beneficiary bank address.
• Additional supporting documentation may be required from the beneficiary.
• For Ordering Customer (SWIFT MT103 F50): Include account number, full name (no initials), and address. Use of initials can delay receipt of funds by the beneficiary.
• For Beneficiary Customer (SWIFT MT103 F59): Include account number, full name (no initials), address, and telephone number. Use of initials may delay receipt of funds by the beneficiary.
• Format account numbers for beneficiaries with accounts in Benin as 24 characters: the 5-character bank code (including the 2-character country code) + 5-character branch code + 12-digit account number + 2-digit Clé RIB.
• For Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch identifier, full name, and address of the beneficiary bank. SWIFT BIC is either 8 or 11 alphanumeric characters: xxxxBJxx or xxxxBJxxxxx.
• Reason for Payment (SWIFT MT103 F70): Purpose of payment is recommended.

IBAN: No

Correspondent Banks

Standard Settlement Instructions (SSI) contain the list of correspondent banks of BGFIBANK BENIN for each currency.

Payment Tracking

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

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.