Payment purpose code is used to identify the purpose of each and every payment as requested by the Central Bank of Jordan.
There is a detailed list of all payment purpose codes shared by the Central Bank of Jordan. This list contains the classification “category” of payment purpose codes, a 4-digit numeric value code and purpose description.
Bank customers, who receive or make payments in Jordan or abroad “Domestic and Cross Border”, will require to utilize Payment Purpose Code. Bank customers need to include Payment Purpose Code in outgoing payments “Domestic and Cross Border”. Also Bank customers need to inform all domestic as well as international parties from whom they are expecting a remittance(s) to their account to include Payment Purpose Code in each and every payment.
In compliance with Central Bank of Jordan regulations, starting February 2nd 2015 all inward and outward remittances (Domestic transfers within Jordan, Cross Border transfers to beneficiaries outside Jordan and Cross Border transfers incoming to beneficiaries within Jordan) must contain a Payment Purpose Code.
In case the Payment Purpose Code is not used, the processing of both Inward and Outward payments in your account IS LIKELY TO BE REJECTED OR MAY be delayed WITH additional processing charges as may be prescribed by the Central Bank of Jordan from time to time.