Address: ETIHAD AIRWAYS CENTRE FLOOR 5, AL RAHA BEACH, AL MUNEERA ABU, DHABI 112437 UNITED ARAB, EMIRATES
Payment Instructions
General instructions for international payments to banks in UNITED ARAB EMIRATES:
Information provided by the Beneficiary: Remitter should obtain all required bank information from the Beneficiary (e.g. SWIFT BIC, IBAN, and beneficiary bank address). For more, visit Central Bank.
Country Requirements/Restrictions:
- Payment Restrictions: Banks have regulatory requirements for wire payments. There are no exchange controls.
- Account Restrictions: Non-residents can hold local currency accounts. Formal identification required for account opening.
Payment Formatting Rules for AED:
- Ordering Customer (SWIFT MT103 F50): Include account number, full name (no initials), address, and trade license number, registration number, or unique identification number for commercial, business, or corporate entities. Use of initials can delay receipt of funds by the beneficiary.
- Beneficiary Customer (SWIFT MT103 F59): Include account number (IBAN), full name (no initials) and address of the beneficiary customer. Use of initials may delay receipt of funds by the beneficiary. IBAN numbers for beneficiaries with accounts in U.A.E. are required in the payment instructions.
- 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: xxxxAExx or xxxxAExxxxx.
- Additional Information: Payment instructions must include a 3-character purpose of payment code to avoid payment delays or returns. Include this in SWIFT MT103 F72 using the format /BENEFRES/AE//???/XXXXXXXXXXXXXXXXX where ??? represents the 3-character purpose of payment code and XXXXXXXXXXXXXXXX is additional narrative. Consult your J.P. Morgan Service Representative for a list of purpose of payment codes. This information may also be provided in SWIFT MT103 F70.
In the United Arab Emirates, the IBAN consists of 23 characters. The structure is AE followed by a check digit of 2 numbers, 3 digits for the bank code, and 16 account number digits (AE2!n3!n16!n). Examples of electronic and print formats include AE987651234567891234567 and AE98 7651 2345 6789 1234 567.
IBAN: Yes
Correspondent Banks
Standard Settlement Instructions (SSI) contain the list of correspondent banks of WIO BANK P.J.S.C. for each currency.
Payment Tracking
To track a SWIFT cross-border payment to or from WIO BANK P.J.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.