Kuwait accounts: upcoming changes to domestic payments

Last updated: 7 January 2020

Beginning 16 February 2020, in accordance with local regulations, we’ll be updating the list of supported Purpose of Payment codes for ACH payments in Kuwaiti Dinar (KWD).

What do I need to do?

Starting from 16 February, all of your domestic ACH payments in Kuwait should use the Purpose of Payment code ‘001 – Ordinary transfer’. Alternatively, the field can be left blank.

We recommend that you (or another user in your organisation with the correct payment permissions) review your HSBCnet payment instructions as follows:

Payments and templates created on-screen in HSBCnet:
To avoid delays or rejections, we recommend that you review and update your payment templates beginning 16 February to make sure that the Purpose of Payment code is accurate. As of 16 February, if your payments or templates use incorrect codes, your payment won’t be processed.

Reminder: when you update a restricted template, you will need to have another user approve the changes in the Payment Authorisation Summary service before the template can be used to make payments.

Forward-dated payments
If you have any forward-dated payments, the payments will be submitted with the previously entered information. We recommend that you review these payment instructions by 16 February to make sure they include up to date payment information to avoid possible delays or cancellations.

Payments submitted via File Upload or HSBC Connect:
From 16 February, your payment files uploaded using File Upload or HSBC Connect will need to include the correct Purpose of Payment code details.

You’ll need to either include the 3-digit ‘001’ Purpose of Payment code in the corresponding fields according to the file format you use or leave the field blank:

ACH Payments - Purpose of Payment codes
File format	Field location
iFile	SECPTY -"@LVP@" - Field 65 Regulatory Reporting Line 1
MEABASIC	Column No - AK - Purpose of Payment
XML v2.0	<RgltryRptg> <RgltrDtls> <Inf>
XML v3.0	<RgltryRptg> <Dtls> <Ctry> <Cd>
PAYMUL	Group 15 – FTX+ABY Element – C108-4440 Free text [1]

What else is changing?

Beginning 15 January 2020, you’ll need to make sure you only include up to 105 characters in the remittance information fields when submitting payments. Submitting remittance information with more than 105 characters may result in delays or rejections when processing your payments.

Important reminder: all cross-border payments made to individuals should include the first and last names of the beneficiary. This applies to payments submitted on-screen, using File Upload, and HSBC Connect services. Sending payments to individuals without the first and last name may result in delays or rejections of your payments.

Find out more

For more information, contact your local HSBCnet Support Centre. To obtain Message Implementation Guides (MIG) for file formatting, please contact your Client Services representative.