Implementation of Payment Purpose Codes in Jordan
At First Abu Dhabi Bank, we have an ongoing commitment to provide our valued clients with the highest quality service. As part of our commitment, we would like to keep you informed of regulatory changes that may affect your banking needs.
The Central Bank of Jordan has recently introduced a Payment Purpose Codes, which need to be included in all the payments (in any payment currency) sent to Jordan from other countries. Customer need to include the 4-digit Payment Purpose Code in the “Transaction description” field of the funds transfer instruction.
As a result, and to avoid any delays and return of funds, we recommend that you:
Please note that your payments to and from Jordan might get rejected and returned, if the purpose code is not mentioned. Also in case of rejection, customer may incur FX loss.
List of Payment Purpose Codes
For the list of Payment Purpose Codes and their descriptions, please click here