Please access the following link for:
Minimum: MUR 150 equivalent
IBAN stands for International Bank Account number and is a standard international numbering system for individual bank accounts around the world.
Banks in Europe originally developed the system to simplify transactions involving bank accounts from other countries.
An IBAN is mandatory whenever transferring funds to the countries tdsted below:
Countries
| European Countries (UEE) | Gibraltar | Netherlands |
| Albania | Greece | Norway |
| Andorra | Greenland | Pakistan |
| Austria | Hungary | Poland |
| Bahrain | Iceland | Portugal |
| Belgium | Ireland | Qatar |
| Bulgaria | Israel | Romania |
| Croatia | Italy | Saudi Arabia |
| Cyprus | Jordan | Slovakia |
| Czech Republic | Latvia | Slovenia |
| Denmark | Lebanon | Spain |
| Estonia | Liechtenstein | Sweden |
| Faroe Island | Lithuania | Switzerland |
| Finland | Luxembourg | United Arab Emirates |
| France | Madagascar | United Kingdom |
| Georgia | Malta | |
| Germany | Netherlands |
Care: If the beneficiaries have provided the IBAN for countries not listed above, IBAN or account number in local format should be input in the ‘Account Number’ field (i.e. African countries included Mauritius, Seychelles, etc.).
A SWIFT code — sometimes also called a SWIFT number — is a standard format for Business Identifier Codes (BIC). It is used to identify banks and financial institutions globally. These codes are used when transferring money between banks, in particular for international wire transfers.
When accessing the “Foreign currency transfer” functionality under the “Transfers & Payments” tab, users will be able to directly access the list of beneficiaries created by the company administrator.
The functionality “Foreign currency transfer” should be used for transfer of foreign currencies to other local banks.
An intermediary bank is a bank that acts on behalf of the sender bank (in our case the MCB Ltd).
It is in the Bank’s process to automatically identify the relevant intermediary Bank for the most efficient routing. However, should you wish to provide for a specific intermediary bank, please note that the transmission of the funds might be delayed.
Specifying an Intermediary Bank is not Mandatory.
When a user saves a template as “Public”, then the payment instruction will be accessible to all users having access to the account of the company that is being debited.
When a user saves a template as “Private” , then the payment instruction will be accessible only to that particular user.
A beneficiary can be saved/created by the company administrator only.
Only the details of the beneficiary will be saved.
When accessing the “Foreign currency transfer” functionality under the “Transfers & Payments” tab, users will be able to directly access the list of beneficiaries created by the company administrator and make a payment in favour of that beneficiary.
A saved beneficiary (Recipient) can only be amended by the Company Administrator.
Restricted/controlled goods subject to an import permit include petroleum oils, rice, flour, syringes, drugs and psychotropic substances, firecrackers, arms and ammunition, among others. A detailed list of restricted imports is available on the website of the Bank of Mauritius.
