LBP – Lebanese Pound
The payment processing of this currency is considered to be relatively complex. In addition, please take into account that Individual-to-Individual payments are not permitted.
- Currency Guidelines
Besides the standard information, the IBAN format is mandatory (see Appendix VI). Please note that the full beneficiary address is mandatory.
A clear reason / purpose of payment is mandatory and consists of a full written description (in English) of the nature of payment to be provided in the remittance information. For example: providing an invoice number without guiding text is considered as insufficient and can result in errors or delays.
Example: Payment of travel expenses – invoice n° 123456789
Remitters and Beneficiaries that are active in the Aid and Development Sector (NGOs...) must be preapproved. Approval will require annual volumes, names of the beneficiaries, name of the beneficiary banks and clear reason of payment. To avoid losses, preapprovals can be done upfront, before instructing the payment. Please contact your Account Manager for more information.
- Instructions, technical guidelines & more
To consult the Technical Guidelines of this currency, click hereTECHNICAL GUIDELINES
To consult the Appendix(es) click hereAppendix VI: IBAN Application Rules
- Additional information
• Available charge options: OUR
• BEN can only be used for payments greater than LBP 15 000
• Central bank of Lebanon: http://www.bdl.gov.lb/