KOEXNL2A

Payment Instructions

General instructions for international payments to banks in NETHERLANDS:

• Remitter should obtain all required bank information from the Beneficiary, such as SWIFT BIC, account number, and beneficiary bank address.
• Residents and non-residents may open and maintain domestic and foreign currency accounts both locally and abroad.
• SEPA guidelines require IBAN and SWIFT BIC for all Euro payments. SEPA standards must be adhered to for Euro payments to beneficiaries with accounts in the Netherlands.
• For Ordering Customer in SWIFT MT103 F50, include account number, full name (no initials), and address of the ordering customer. Use of initials may delay fund receipt.
• For Beneficiary Customer in SWIFT MT103 F59, include account number (IBAN), full name (no initials), and address of the beneficiary customer. Use of initials may delay fund receipt.
• Include SWIFT BIC with branch identifier, full name, and address of the beneficiary bank. SWIFT BIC should be 8 or 11 alphanumeric characters: xxxxNLxx or xxxxNLxxxxx.

Additional Information: Banks practice value dating.

IBAN: In the Netherlands, the IBAN consists of 18 characters. The structure is NL2!n4!a10!n. The electronic format example is NL98ABCD1234567891, and the print format example is NL98 ABCD 1234 5678 91.

Correspondent Banks

Standard Settlement Instructions (SSI) contain the list of correspondent banks of KEB HANA BANK, AMSTERDAM BRCH for each currency.

Payment Tracking

To track a SWIFT cross-border payment to or from KEB HANA BANK, AMSTERDAM BRCH, 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.