Mozambique: SWIFT/BIC Codes & Payment Info

Cross-border payments and banking in Mozambique:

Overview

Information provided by the Beneficiary: Remitter should obtain all required bank information from the Beneficiary (e.g. SWIFT BIC, account number, and beneficiary bank address). For additional information, please refer to the Central Bank.

Country Requirements/Restrictions

Account Restrictions: Residents and non-residents may hold foreign currency accounts.

Payment Formatting Rules for MZN

• Ordering Customer (SWIFT MT103 F50): Include account number, full name (no initials), and address of the ordering customer. Use of initials can delay receipt of funds by the beneficiary.
• Beneficiary Customer (SWIFT MT103 F59): Include account number, full name (no initials) and Full beneficiary street address is required - district, avenue and house number, city or village and country. Use of initials may delay receipt of funds by the beneficiary. Include the beneficiary’s 25-digit Número de Identificação Bancária or Bank Identification Number (NIB). The structure of the NIB number is MZ59 + 21 digits.
• Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch identifier (where required), full name, and address of the exact beneficiary bank location. SWIFT BIC is 8 or 11 alphanumeric characters: xxxxMZxx or xxxxMZxxxxx.
• Reason for Payment (SWIFT MT103 F70): Purpose of payment is recommended. 9 digits NUIT (Taxpayer Single Identification Number) is mandatory. Any missing information may result in payment delays.