NAGCGQGQ

Payment Instructions

General instructions for international payments to banks in EQUATORIAL GUINEA:

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).

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

Payment Formatting Rules for XAF:

• 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.
• Account numbers should be 23 digits. The RIB code consists of the 5-digit bank code + 5-digit branch code + 11-digit account number + 2-digit key.
• Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch identifier, full name, and address of the beneficiary bank. SWIFT BIC is 8 or 11 alphanumeric characters: xxxxGQxx or xxxxGQxxxxx.
• Reason for Payment (SWIFT MT103 F70): Purpose of payment is recommended.

Additional Information: This country is a member of the Bank of Central African States. XAF is a zero decimal currency.

IBAN: No

Correspondent Banks

Standard Settlement Instructions (SSI) contain the list of correspondent banks of BANCO NACIONAL DE GUINEA ECUATORIAL, (BANGE) for each currency.

Payment Tracking

To track a SWIFT cross-border payment to or from BANCO NACIONAL DE GUINEA ECUATORIAL, (BANGE), 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.