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Payment Instructions

General instructions for international payments to banks in BOTSWANA:

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). Central Bank: For additional information, please refer to www.bankofbotswana.bw. Payment Formatting Rules for BWP: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 address of the beneficiary customer. Use of initials may delay receipt of funds by the beneficiary. For accounts held at First National Bank, 11-digit account numbers are required. Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with 6-digit branch code, full name, and address of the beneficiary bank. There are no specific bank clearing codes in this country for cross-border payments. SWIFT BIC is key to routing payments to the beneficiary bank. SWIFT BIC: SWIFT BIC is 8 or 11 alphanumeric characters: xxxxBWxx or xxxxBWxxxxx. Reason for Payment (SWIFT MT103 F70): Purpose of payment must be clearly identified (rent, salary, medical expenses, office expenses, charity, etc.). Read more

IBAN: No

Correspondent Banks

Standard Settlement Instructions (SSI) contain the list of correspondent banks for each currency.

Payment Tracking

To track a SWIFT cross-border payment to or from MOTSWEDI SECURITIES (PROPRIETARY), LIMITED, you need a UETR code, reference number, amount, payment date, and currency. This information is typically found in an MT103 form.

Disclaimers

We are doing our best to demystify cross-border payments, however Ohmyfin is not responsible for any delays or losses related to usage of the information and services from our web site. Please contact your banks to receive safe advice.