♦ SWIFT (Wire Transfer)
Delivery Time: Two Day Value
Beneficiary Information
- Full Beneficiary Name
- Beneficiary Country
- Beneficiary Address: (Zip Code, Street, City, Province or State).
- Beneficiary Telephone Number
- Beneficiary ID:
– Individuals: 13-digit CNIC or SNIC (Computerized National Identity Card/Smart National Identity Card Number)required in the remittance information field (field 70 line 2), prefixed with CNIC or SNIC. E.g. ‘CNIC 11111-4556111-1’or ‘SNIC 11111-4556111-1’ (- are not mandatory).
– Individuals (Foreign nationality): Passport number required, if the benefi-ciary does not have a CNIC or SNIC number, prefixed with Passport#.
– Corporate entities: NTN (National Tax Number), prefixed with NTN.
Beneficiary Bank Details
- Beneficiary Bank Name
- Beneficiary Account Number: 24 Alpha numerical digit IBAN.
- Beneficiary Bank BIC/SWIFT: 8 or 11 characters.
- Beneficiary Bank Country: Pakistan
- Beneficiary Bank Branch Address
- 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:
Method of payment (Electronic or Check): Payment is cleared by manager’s checks or demand drafts. Once the payment instruction is received our correspondent, the Branch sends a payment initiation (via courier) to beneficiary bank seeking purpose of remittance (regulatory requirement). The payment is released once the Beneficiary/ Beneficiary Bank provide the purpose of remittance. Beneficiary bank branch address should be included in the Swift branch details.
