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ZAR – South African Rand


The payment processing of this currency is considered to be highly standardised.

It is important to note that this currency is also accepted in Lesotho, Swaziland & Namibia which are CMA Countries (Common Monetary Area).

Currency Guidelines

Besides the standard information, the beneficiary’s physical address is mandatory.

A clear reason / purpose of payment is recommended and consists of a full written description (in English) of the nature of payment to be provided in the remittance information. For example: providing and invoice number without guiding text is considered as insufficient and can result in errors or delays.

Example: Payment of travel expenses – invoice n° 123456789

For international payments intitated from South Africa, for all currencies, a BOP purpose code (see Appendix XV) is mandatory and should be instructed in the regulatory reporting field. In addition, if the the payment is initiated in ZAR (from SA), a REC code is required. The REC code is a 5-digit code and should be instructed in field 72. The following REC codes are available:

  • "DTCUS" if the beneficiary is resident in South Africa

  • "NTNRC" otherwise

For ZAR payments

For ZAR payments towards South Africa, both the BIC code as well as the South African national clearing code (a six digit code), known as the ZA code, are mandatory in order to enable the correct routing of the payment in the domestic clearing. In certain cases, the clearing code could be included within the domestic account number. Please ask to your beneficiary to indicate separately this code and the domestic account number. The local clearing code needs to be communicated respecting following structure: //ZAXXXXXX (where "XXXXXX" represents the local clearing code - see Appendix XIX).

For ZAR payments towards other countries than South Africa, the BIC code is mandatory

For non-ZAR payments

Only the BIC code is mandatory


Instructions, technical guidelines & more

To consult the Technical Guidelines of this currency, click here


To consult the Appendix(es) click here

Appendix XIX - Local Clearing Code & BIC Code
Appendix XV: Purpose of Payment Codes (ZAR)
Additional information

• Available charge options: OUR/SHA/BEN

• Central bank of South Africa: