Central Bank UAEFTS Purpose Code for AED Payments

SI Instructions:

With effect from 30^th September 2017, any Standing Instructions with missing or invalid purpose codes (as mentioned above) will be rejected by the bank. Please review and update your existing Standing Instructions to make sure revised purpose codes are updated. Kindly note amendment of purpose codes through Online Banking is possible only for Standing Instruction that were set up through Online Banking channel or else, please visit your nearest branch.

Kindly note amendment of purpose codes through Online Banking is possible only for Standing Instruction that were set up through Online Banking. For others, please visit your nearest branch.

Payments Initiated using Single/Basket:

New transaction codes will be listed under transaction type option on businessONLINE. Please select appropriate code from the list.

Payments Initiated using File Upload:

From 30^th September 2017, 'REM', 'MIS', 'STO' and 'CBP' will no longer exist in UAEFTS system. These codes need to be replaced with specific transaction codes given in CB list.
Please arrange to update the latest codes in your accounts payable system (AP)/ERP for generating the payment file with correct transaction codes.
In case your file does not contain the transaction type field, the field will need to be included in the file template on businessONLINE. Our implementation team will get in touch with you to agree on the date from which the field will need to be included in your file.
In case the field does not exist or uses incorrect codes from 30^th September 2017, the file will get rejected on upload.

Payment Templates:

Existing transaction templates saved for AED payments need to be updated with new transaction codes when the transactions are initiated using saved templates.

Using TT forms/Company Letter heads:

Please arrange to provide new transaction codes for all payments requested in AED. With effect from 30^th September 2017 any transactions submitted using REM, MIS, STO and CBP transaction codes will be rejected/returned

SI Instructions:
Please review and update your existing Standing Instructions setup with the bank to make sure they include the updated transaction codes. With effect from 30^th September 2017, any Standing Instructions with missing or invalid transaction codes will be rejected by the bank.

Important - Central Bank UAEFTS Purpose code changes for AED payments (local and international)

For Online Banking

For businessONLINE payments (for Companies only)

For Manual Payment Request (for Companies only)

You are currently browsing

Personal Banking

Priority Banking

Private Banking

Business Banking

Corporate & Institutional Banking

Securities

Other segments

Download our app

Google Play

App Store

AppGallery