Implementation of Payment Purpose Codes in Jordan

At Standard Chartered Bank, we have an ongoing commitment to provide our valued clients with the highest quality service. As part of our commitment, we would like to keep you informed of regulatory changes that may affect your banking needs.

The Central Bank of Jordan has recently introduced a national Purpose Codes list which was mandated on the 2nd of February. The Purpose Codes initiative consists of a uniform code list with 4 digit code(s). The main objective of capturing these codes is to determine the purpose of all incoming and outgoing financial transfers to and from Jordan. This is a major initiative where all banks in Jordan are required to adhere to by only processing payment instructions with the purpose code.

Major Changes

As a result, and to avoid any delays, we recommend that you:

  • Provide the purpose code for all your funds transfers when making any payments to Jordan.
  • Request all your payers in Jordan to send transfers into your account with the accurate purpose code.
  • Amend all your standing orders for payments from your account to beneficiary accounts held in banks within Jordan, by providing the accurate purpose code.

Please note that your payments to and from Jordan might get rejected if the purpose code is not mentioned.

List of Payment Purpose Codes

For the list of Payment Purpose Codes and their descriptions, please click here.

Back to Top

Speaking Up

Standard Chartered Bank (the “Bank”) is committed to maintaining a culture of the highest ethics and integrity, and in compliance with all applicable law, regulation and internal policy. As part of this commitment, the Bank has a ‘Speaking Up’ programme through which genuine concerns in this regard can be raised. Members of the public can securely raise Speaking Up concerns through this hyperlink, which is hosted on behalf of the Bank by a third party ‘InTouch’. Examples of concerns that can be raised through this website are concerns that relate to accounting, internal accounting controls or auditing matters and concerns relating to bribery or banking and financial crime. Concerns received will be forwarded to the Bank’s investigations team for review. Complaints relating to SCB banking services should not be raised through this site in the first instance, but through the SCB branch network, contact centres, Relationship Managers or the ‘Contact Us’ webpage.

Disclaimer

Please note that this hyperlink will bring to you to another website on the Internet, which is operated by InTouch, an independent company appointed by the Bank to support its Speaking Up programme. Please be mindful that when you click on the link and open a new window in your browser, you will be subject to the additional terms of use of the website that you are going to visit.

Proceed