Trinidad And Tobago: SWIFT/BIC Codes & Payment Info

Overview

Information provided by the Beneficiary: Remitter should obtain all required bank information from the Beneficiary such as SWIFT BIC, account number, and beneficiary bank address.

Central Bank: For additional information, please refer to www.central-bank.org.tt.

Payment Formatting Rules for TTD:

• 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 address of the beneficiary customer. Use of initials may delay receipt of funds by the beneficiary.
• There are no specific beneficiary account number requirements in this country.
• Beneficiary Bank (SWIFT MT103 F57): Must include SWIFT BIC with branch identifier, 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 is 8 or 11 alphanumeric characters: xxxxTTxx or xxxxTTxxxxx.
• Reason for Payment (SWIFT MT103 F70): Purpose of payment is recommended.
• 12-digit account number required for payments going to accounts held at Scotiabank Trinidad and Tobago Ltd. (NOSCTTPSXXX). Format of account number: 5-digit transit code + 7-digit account number (Field 59).

Additional Information:

• Smaller banks may not have electronic capabilities, so intermediary banks will settle by issuing a draft that is couriered to the beneficiary.
• Payments where the underlying remitter is an MSB or PSP are not supported.