WEGAETAA

Payment Instructions

General instructions for international payments to banks in ETHIOPIA:

• Ensure remitter obtains all required bank information from the beneficiary such as SWIFT BIC, account number, and beneficiary bank address.
• FX payments can only be made to on-shore residents.
• The ordering customer must include account number, full name (no initials), and address in SWIFT MT103 F50. Use of initials can delay funds.
• The beneficiary customer must include account number, branch name, full name (no initials), and address in SWIFT MT103 F59. Use of initials can delay funds.
• The beneficiary bank must include SWIFT BIC with branch identifier (if required), full name, and address in SWIFT MT103 F57. SWIFT BIC is 8 or 11 alphanumeric characters: xxxxETxx or xxxxETxxxxx.
• Purpose of payment is recommended in SWIFT MT103 F70.

IBAN: No

Correspondent Banks

Standard Settlement Instructions (SSI) contain the list of correspondent banks of WEGAGEN BANK S.C. for each currency.

Payment Tracking

To track a SWIFT cross-border payment to or from WEGAGEN BANK S.C., 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.