MDFCGWGW

Payment Instructions

General instructions for international payments to banks in GUINEA-BISSAU:

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).

Country Requirements/Restrictions:

Additional Documentation: Additional supporting documentation may be required from the beneficiary.

Payment Formatting Rules for XOF:

• 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 telephone number of the beneficiary customer. Use of initials may delay receipt of funds by the beneficiary. Account numbers for beneficiaries with accounts in Guinea-Bissau should be formatted as 24 characters consisting of the 5 character bank code (including the 2 character country code) + 5 character branch code + 12 digit account number + 2 digit Clé RIB.
• 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: xxxxGWxx or xxxxGWxxxxx.
• Reason for Payment (SWIFT MT103 F70): Purpose of payment is recommended.

Additional Information:

This country is a member of the Central Bank of West African States. XOF is a zero decimal currency.

IBAN: No

Correspondent Banks

Standard Settlement Instructions (SSI) contain the list of correspondent banks of MINISTERIO DAS FINANCAS - DIRECCAO GERAL, DO TESOURO for each currency.

Payment Tracking

To track a SWIFT cross-border payment to or from MINISTERIO DAS FINANCAS - DIRECCAO GERAL, DO TESOURO, 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.