Mali: SWIFT/BIC Codes & Payment Info

• 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).
• Additional Documentation: Additional supporting documentation may be required from the beneficiary.
• 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), address, and telephone number of the beneficiary customer. Use of initials may delay receipt of funds by the beneficiary.
• Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch identifier (where required), full name, and address of the beneficiary bank. SWIFT BIC is 8 or 11 alphanumeric characters: xxxxMLxx or xxxxMLxxxxx.
• Reason for Payment (SWIFT MT103 F70): Purpose of payment is recommended.
• Payment Formatting Rules for XOF: It's mandatory to format account numbers for beneficiaries with accounts in Mali according to the specifications whereby account numbers should be 24 characters consisting of the 5 character bank code (including the 2 character country code) + 5 character branch code + 12 digit account number + 2 digit Clé RIB.

This country is a member of the Central Bank of West African States. Note that XOF is a zero decimal currency.