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Purpose of Payment codes and descriptions for type O and N ACH Credit transactions in Saudi Arabia effective 3 December 2017

Purpose of Payment codes
Description
EOS
End of Service / Final Settlement
SAL
Salary
ALW
Allowance
BON
Bonus
COM
Commission
COP
Compensation
OVT
Overtime
TKT
Tickets
CRP
Credit Card Payment
MIS
Miscellaneous
REM
Remittance/ Family Maintenance
STO
Standing Order
LOP
Loan repayment
POI
Payment for Investment
DOP
Down Payment
ADP
Advance Payment
CAR
Cargo Services
BRT
Business related payment
INV
Invoice Settlement

 

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