Purpose Code
The Purpose Code to be selected has to be in accordance to the type of transaction that you are dealing with.
The list below includes the Purpose Codes, also known as BOP (Balance of Payments) Codes. Each code includes a definition for ease of reference.
| Purpose Codes |
Description |
|---|---|
| BONU | Transaction is related to payment of a bonus. |
| CASH | Transaction is a general cash management instruction. |
| CBTV | Transaction is related to a payment of cable TV bill. |
| CCRD | Transaction is related to a payment of credit card account. |
| CDBL | Transaction is related to a payment of credit card bill. |
| CHAR | Transaction is a payment for charity reasons. |
| COMM | Transaction is payment of commission. |
| ELEC | Transaction is related to a payment of electricity/water bill. |
| GDSV | Transaction is related to purchase and sale of goods and services. |
| HLTI | Transaction is a payment of health insurance. |
| IHRP | Transaction is payment for an instalment/hire-purchase agreement. |
| INPC | Transaction is a payment of a car insurance premium. |
| INSU | Transaction is payment of an insurance premium. |
| INTX | Transaction is related to a payment of income tax. |
| LICF | Transaction is payment of a license fee. |
| LIFI | Transaction is a payment of life insurance. |
| LOAR | Transaction is related to repayment of loan. |
| MDCS | Transaction is a payment for medical care services. |
| OTLC | Transaction is related to a payment of other telecom related bill. |
| PAYR | Transaction is related to the payment of payroll. |
| PHON | Transaction is related to a payment of telephone bill. |
| PPTI | Transaction is a payment of property insurance. |
| RENT | Transaction is the payment of rent. |
| SALA | Transaction is the payment of salaries. |
| SAVG |
Transfer to your account with another bank. |
| STDY | Transaction is related to a payment of study/tuition costs. |
| SUBS | Transaction is related to a payment of information or entertainment services either in printed or electronic form. |
| SUPP | Transaction is related to a payment to a supplier. |
| TAXS | Transaction is the payment of taxes. |
| VATX | Transaction is the payment of value added tax. |
| Purpose Codes |
BONU |
|---|---|
| Description |
Transaction is related to payment of a bonus. |
| Purpose Codes |
CASH |
| Description |
Transaction is a general cash management instruction. |
| Purpose Codes |
CBTV |
| Description |
Transaction is related to a payment of cable TV bill. |
| Purpose Codes |
CCRD |
| Description |
Transaction is related to a payment of credit card account. |
| Purpose Codes |
CDBL |
| Description |
Transaction is related to a payment of credit card bill. |
| Purpose Codes |
CHAR |
| Description |
Transaction is a payment for charity reasons. |
| Purpose Codes |
COMM |
| Description |
Transaction is payment of commission. |
| Purpose Codes |
ELEC |
| Description |
Transaction is related to a payment of electricity/water bill. |
| Purpose Codes |
GDSV |
| Description |
Transaction is related to purchase and sale of goods and services. |
| Purpose Codes |
HLTI |
| Description |
Transaction is a payment of health insurance. |
| Purpose Codes |
IHRP |
| Description |
Transaction is payment for an instalment/hire-purchase agreement. |
| Purpose Codes |
INPC |
| Description |
Transaction is a payment of a car insurance premium. |
| Purpose Codes |
INSU |
| Description |
Transaction is payment of an insurance premium. |
| Purpose Codes |
INTX |
| Description |
Transaction is related to a payment of income tax. |
| Purpose Codes |
LICF |
| Description |
Transaction is payment of a license fee. |
| Purpose Codes |
LIFI |
| Description |
Transaction is a payment of life insurance. |
| Purpose Codes |
LOAR |
| Description |
Transaction is related to repayment of loan. |
| Purpose Codes |
MDCS |
| Description |
Transaction is a payment for medical care services. |
| Purpose Codes |
OTLC |
| Description |
Transaction is related to a payment of other telecom related bill. |
| Purpose Codes |
PAYR |
| Description |
Transaction is related to the payment of payroll. |
| Purpose Codes |
PHON |
| Description |
Transaction is related to a payment of telephone bill. |
| Purpose Codes |
PPTI |
| Description |
Transaction is a payment of property insurance. |
| Purpose Codes |
RENT |
| Description |
Transaction is the payment of rent. |
| Purpose Codes |
SALA |
| Description |
Transaction is the payment of salaries. |
| Purpose Codes |
SAVG |
| Description |
Transfer to your account with another bank. |
| Purpose Codes |
STDY |
| Description |
Transaction is related to a payment of study/tuition costs. |
| Purpose Codes |
SUBS |
| Description |
Transaction is related to a payment of information or entertainment services either in printed or electronic form. |
| Purpose Codes |
SUPP |
| Description |
Transaction is related to a payment to a supplier. |
| Purpose Codes |
TAXS |
| Description |
Transaction is the payment of taxes. |
| Purpose Codes |
VATX |
| Description |
Transaction is the payment of value added tax. |
In order to facilitate processing, it is imperative that above codes are included as part of your payment instructions.
Please input one of the above Purpose Codes, e.g.BONU [i.e. Transaction is related to payment of a bonus.]