Madagascar — SWIFT/BIC Codes & Payment Info

Payment requirements for Madagascar: 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: Supporting documentation may be requested from the beneficiary. For 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. For Beneficiary Customer (SWIFT MT103 F59): Include account number, full name (no initials) and full address of the beneficiary customer. Use of initials may delay receipt of funds by the beneficiary. For 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: xxxxMGxx or xxxxMGxxxxx. Reason for Payment (SWIFT MT103 F70): Purpose of payment is recommended.