For customers with accounts in Bahrain: Purpose of Payment code required for all salary payments
Last updated: 4 July 2018
The Central Bank of Bahrain has recently announced that all banks in Bahrain need to report Salary payments through the Wages Protection System (WPS). As such, you’re now required to include a valid Purpose of Payment for all domestic salary payments issued to both HSBC and non-HSBC beneficiaries.
The WPS is a comprehensive oversight system for salary payments in Bahrain. WPS collects, stores, and provides information to the Labour Market Regulatory Authority about wage payments made by employers to their employees.
The Purpose of payment code for salary payments in Bahrain is:
Code |
Description |
|
|---|---|---|
021 |
Salary payment |
|
The WPS will reject any payments that don’t include the correct Purpose of Payment code.
Customers making on-screen payments in HSBCnet
Priority Payment and ACH Credit payments:
The following fields are mandatory in the Priority Payment and ACH Credit payment instruction screen for payments from HSBC Bahrain accounts:
ACH Credit |
|
|---|---|
Mandatory field |
Description |
Purpose of Payment |
You must include a valid Purpose of Payment code in the Purpose of payment code field for salary payments to both HSBC and non- HSBC beneficiaries. |
Priority Payment |
|
Mandatory field |
Description |
Regulatory reporting |
You must include a valid Purpose of Payment code in the Regulatory reporting field for salary payments to both HSBC and non- HSBC beneficiaries. |
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Customers making payments using the File Upload service
The table below outlines the Purpose of payment code information for payment files uploaded via HSBCnet File Upload:
File format |
Payment type |
Payment Purpose code field |
|---|---|---|
XML v3
|
ACH Credit |
<RgltryRptg><Dtls><Cd>3 digit purpose code</Cd></Dtls></RgltryRptg> |
Priority Payment |
<RgltryRptg><Dtls><Cd>3 digit purpose code</Cd></Dtls></RgltryRptg> Or <RgltryRptg><Dtls><Inf>/BENEFRES/BH//3 digit purpose code</Inf></Dtls></RgltryRptg> |
|
XML v2
|
ACH Credit |
<RgltryRptg><RgltryDtls><Inf>3 digit purpose code</Inf></RgltryDtls></RgltryRptg> |
Priority Payment |
<RgltryRptg><RgltryDtls><Inf>/BENEFRES/BH//3 digit purpose code</Inf></RgltryDtls></RgltryRptg> |
|
iFile
|
ACH Credit |
SECPTY(Field 65) populate '3 digit purpose code' |
Priority Payment |
SECPTY(Field 65) populate /BENEFRES/BH//3 digit purpose code |
|
MEABASIC
|
ACH Credit |
Column No AK - 3 digit purpose code |
Priority Payment |
Column No 'BD' - populate /BENEFRES/BH//3 digit purpose code |
|
PAYMUL (CRG)
|
ACH Credit |
Group 15 - GIS+37' followed by FTX+ABY+++3 digit purpose code Element - C108-4440 |
Priority Payment |
Group 15 - Free text[1] - GIS+37' followed by FTX+ABY+++/BENEFRES/BH//3 digit purpose code Element' Element - C108-4440> |
|
MT103 |
Priority Payment only |
Tag 77B - populate /BENEFRES/BH//3 digit purpose code |
For additional information on Purpose of Payment code requirements in Bahrain, please contact your local HSBCnet Support Centre or your HSBC representative.
The postal address for related inquiries is:
HSBC Group Head Office
HSBC - GLCM Digital
London UK E14 5HQ
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