Inwards or Outward BoP Code/s for your transaction. Please note: a transaction may involve more than one reason. BoP Codes for Inward Transactions BoP Category BoP Code Sub-code Description Exports: Advance payments 01 Advance payment – excl capital goods and mining resources 02 Advance payment – Capital goods /12/13 · Re: Incoming international transfers. Hi @ IBAN numbers are required when sending money to beneficiaries abroad, in this case the IBAN number will be provided directly by the beneficiary, however, when receiving money a Swift code will then have to be provided together with your banking details. The Standard bank swift code is SBZAZAJJ 29 rows · BOP: Balance of Payments. BOP Category Codes: Codes prescribed by the SARB to categorise
BOP code when doing bank transfer | MyBroadband Forum
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BOP code when doing bank transfer. Standard bank bop codes starter whatwhat Start date Jun 6, whatwhat Executive Member. Joined Jun 1, Messages 6, When you transfer money into SA from foreign bank account, you standard bank bop codes to specify the BOP code when it gets here before it clears.
A lot of my friends working overseas send money back using the code for gift or some other random one. So far they haven't had any issues when doing their tax in SA over standard bank bop codes last couple of years. How important are these codes really?
And what impact can it have when you use the wrong one ie gift everything. beefymoocow Expert Member. Joined Jun 19, Messages 1, whatwhat said:. Click to expand Arthur Honorary Master. Joined Aug 7, Messages 26, Use the right BoP code. It's for reporting the txn to SARB, standard bank bop codes.
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, time: 0:21Easy Equities USD Account Withdrawal - What BOP Code to use? | MyBroadband Forum
/04/06 · Example: Standard Bank South Africa’s SWIFT address: SBZAZAJJ; SORT / Routing code: Depending on which country you are sending the money to, some countries also need a bank SORT or routing code. BOP code (Reason for Payment): You will be required to select a BoP code (aka Reason for Payment) for your payment /07/05 · The South African Reserve Bank (SARB) uses a set of predetermined codes to identify why money is paid overseas. This code is called a Balance of Payment (BoP) code. Example: – Gifts Please note that we currently do not support international payments that require documentary evidence or payments initiated by a business or foreign nationals The South African Reserve Bank (SARB) uses a set of predetermined codes for this, called a Balance of Payment (BOP) code. Example: – Import advance payment (excluding capital goods, gold, platinum, crude oil, refined petroleum products, diamonds, steel, coal, iron ore and goods imported via the South African Post Office). BOP category code
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