VOADBA21

Payment Instructions

General instructions for international payments to banks in BOSNIA AND HERZEGOVINA:

Information provided by the Beneficiary: Remitter should obtain all required bank information from the beneficiary such as SWIFT BIC, IBAN, and beneficiary bank address. For additional details, please refer to the Central Bank at www.cbbh.ba.

Payment Formatting Rules for BAM:

• Ordering Customer (SWIFT MT103 F50): Include account number, full name (no initials), and address of the ordering customer. Avoid using initials to prevent delays in fund receipt.
• Beneficiary Customer (SWIFT MT103 F59): Include account number (IBAN), full name (no initials), address, and telephone number of the beneficiary customer. Avoid using initials to prevent delays. It is required to include IBAN numbers for beneficiaries in Bosnia and Herzegovina in the payment instructions.

SWIFT BIC: The SWIFT BIC should include the branch identifier if required. It is composed of 8 or 11 alphanumeric characters, formatted as xxxxBAxx or xxxxBAxxxxx.

If the final beneficiary is a government organization, include the budget organization code, 6-digit profit type, and 3-digit citation number (municipality). This information may also be provided in SWIFT MT103 F70. Including the beneficiary’s telephone number can help avoid payment delays or returns.

Reason for Payment (SWIFT MT103 F70): The purpose of payment is recommended.

Note that BAM is settled as a EUR transfer, allowing the beneficiary to choose to withdraw in BAM or EUR.

IBAN: In Bosnia and Herzegovina, the IBAN must start with 'BA39' followed by 16 digits. The structure is BA2!n3!n3!n8!n2!n with a total length of 20 characters. The electronic format is represented as BA391234567891234567, while the print format is BA39 1234 5678 9123 4567.

Correspondent Banks

Standard Settlement Instructions (SSI) contain the list of correspondent banks of VOLKSWAGEN SARAJEVO D.O.O. for each currency.

Payment Tracking

To track a SWIFT cross-border payment to or from VOLKSWAGEN SARAJEVO D.O.O., 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.