♦ SWIFT (Wire Transfer)
Delivery Time: Same Day Value
Beneficiary Information
- Full Beneficiary Name
- Beneficiary Country
- Beneficiary Address: (Zip Code, Street, City, Province or State).
Beneficiary Bank Details
- Beneficiary Bank Name
- Beneficiary Account Number: 22 Alpha numerical digit IBAN.
- Beneficiary Bank BIC / SWIFT Code: 8 or 11 characters.
- Purpose of Payment
Possible Purpose: Advertising Fees, Expense Reimbursement, Financial Services, Legal Services, Medical Reimbursement, Payroll, Processing, Trade Related Services, Transaction between Banks, Transportation Costs, Travel Related Services, Personal, Other.
- Reference: Omipay allows you to submit maximum 50 characters for reference, but the length shown is depend on the beneficiary bank.
♦ ADDITIONAL CONSIDERATIONS:
Outgoing payments – legal requirement for the provision of:
- an anti-money laundering (source(s) of funds) declaration for all payments exceeding BGN 30,000 or its equivalent in respective currency.
- a statistical declaration for all payments exceeds BGN 100,000 or its equivalent in respective currency. All payments for granting loans to foreign entities must be declared.
- budgetary payments must include the code word ‘PAY’ and a six digit pay code (as provided by your beneficiary). A payment is budgetary if the 13th character of the IBAN is an 8 or a 3. If 8, the reference field should include a 6 digit Tax ID preceded by ‘PAY’, for example ‘PAY123456’. If 3, the reference field should include ‘PAY’.
