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Chinese Yuan (CNY)

Overview

Payment type Priority Regular
Cutoff time (UK Time) 9:00 am n/a
Delivery time frame 1 day n/a
Maximum payment size No limit n/a
Payment Scheme SWIFT n/a
Destination countries Any (excluding sanctioned) n/a
Traces Yes n/a
Recalls Yes n/a
Ultimate payer displayed? Yes n/a

Required details

Regular Payment

Field Individual Company Permitted Data Notes
Beneficiary Entity Type Yes Yes ‘individual’ or ‘company’ only
Beneficiary First Name Yes No 1-255 characters*
Beneficiary Last Name Yes No 1-255 characters*
Name
Beneficiary Company Name No Yes 1-255 characters*
Beneficiary Address Yes Yes 1-255 characters*
Beneficiary City Yes Yes 1-255 characters*
Beneficiary Country Yes Yes 2 letter ISO country code
Beneficiary Postcode Yes Yes 1-12 characters*
Account Number Yes Yes 5-20 alphanumeric characters
BSB Code Yes Yes 6 digits The BSB code is a six-digit number used to identify the individual branch of an Australian financial institution (equivalent to a UK sort code or US ABA number).
Payment Currency Yes Yes 3 letter ISO currency code
Payment Amount Yes Yes Numeric amount
Payment Reference Yes Yes 1-255 characters*
Payment Reason Yes Yes 1-255 characters*
Payer Entity type Yes Yes ‘individual’ or ‘company’ only
Payer First Name Yes No 1-255 characters*
Payer Last Name Yes No 1-255 characters*

Priority payment

Field Individual Company Permitted Data Notes
Beneficiary Entity Type No Yes ‘company’ only Due to restrictions imposed by our partner bank, the beneficiary of a CNY payment must be a company incorporated in mainland China. CNY payments to individuals in China are not permitted.
Beneficiary First Name Yes No 1-255 characters*
Beneficiary Last Name Yes No 1-255 characters*
Beneficiary Company Name No Yes 1-255 characters*
Beneficiary Address No Yes 1-255 characters*
Beneficiary City No Yes 1-255 characters*
Beneficiary Postcode No Yes 1-12 characters* Only required when sending payments to Canada, Mexico and the USA.
Beneficiary State or Province No Yes 1-255 characters* Only required when sending payments to Canada, Mexico and the USA.
Beneficiary Country No Yes 2 letter ISO country code
IBAN No Yes 15-34 alphanumeric characters; spaces permitted IBAN must be used when sending payments to all IBAN countries. When sending to non-IBAN countries, account number must be used.
Account Number No Yes Varies per destination country When sending payments to non-IBAN countries, account number must be used. IBAN must be used when sending to all IBAN countries.
CLABE Yes Yes 18 digits CLABE must be used instead of account number or IBAN when sending payments in any currency to Mexico. CLABE is the banking standard for the numbering of bank accounts in Mexico (equivalent to the Account Number in other jurisdictions).
BIC SWIFT No Yes Valid ISO 9362 SWIFT BIC code; 8 or 11 alphanumeric characters BIC SWIFT must be used when sending payments to any country except the USA. When sending to the USA, ABA must be used.
CNAPS No Yes 12 digits The CNAPS code is the domestic bank routing number used in China (equivalent to a UK sort code or US ABA number). CNAPS is only required when sending CNY payments to China. CNY payments to any other jurisdiction do not require the CNAPS code.
ABA No Yes 9 digits American banks are identified by a 9 digit ABA number, also known as ‘Routing Number’. The ABA should be valid for FedWIRE payments. Some ABA values are only valid for FedACH payments. Payments to FedACH-only ABAs will fail. The ABA is required for all payments to the USA.
Payment Currency No Yes 3 letter ISO currency code
Payment Amount No Yes Numeric amount
Payment Reference No Yes 1-255 characters*
Payment Reason No Yes 1-255 characters* A Payment Purpose Code is mandatory when sending CNY payments. The Payment Purpose Code must be inserted into the Payment Reason field. The list of available payment purpose codes is available here.
Payer Entity Type Notes Yes ‘individual’ or ‘company’ only Only 'company' is supported at the current time.
Payer First Name No No 1-255 characters*
Payer Last Name No No 1-255 characters*
Payer Company Name No Yes 1-255 characters*
Payer Address No Yes 1-255 characters*
Payer City No Yes 1-255 characters*
Payer Postcode Yes Yes 1-12 characters* Only required when sending payments to Canada, Mexico and the USA.
Payer State or Province No Yes 1-255 characters* Only required when sending payments to Canada, Mexico and the USA.
Payer Country No Yes 2 letter ISO country code
Payer Date of Birth No No ISO 8601 format (YYYY-MM-DD).
Payer Identification Type No Yes ‘incorporation_number’ only
Payer Identification Value No Yes 1-255 characters*

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