ABSA BANK FUNDS TRANSFER AUTHORIZATION FORM
Before completing, please read the attached instructions carefully. This form must be completed in duplicate and returned to the ABSA BANK LTD.
You may wish to attach a voided cheque (or a copy of an account information ) to enable verification of banking details.
The Executive/Administrative Officer will verify the signature of the payee and forward one set to the ABSA BANK INTERNATIONAL REMITTANCE DEPARTMENT.
The BONAFIDE BENEFICIARY may bring the form in person or the His/Her Attorney to the Absa Bank Ltd,
I hereby request that my long Overdue/Outstanding payment due be paid by Absa Bank Ltd, into my nominated banking information below.
(See instruction #1)
Name of Beneficiary's:
Benficiary Address:
Phone Number:
Name of Bank:
Bank Address:
Bank Account No:
Bank Swift Code:
Bank Branch Code:
Currency of payment:
(See instruction #2)
Name of bank:
Cty:
State
(Postal Code)
(Country)
ID: Number:
(See instruction #3)
Type of account:
SELECT ONE
☐ Checking account
OR
☐ Savings account
Date:
Instructions for completing the Funds Transfer Request form
#1. Bank Account Title
If you wish to receive payments from the ABSA BANK LTD,, you must have an account in your name. If yours is a joint account, your name should be a part of the title of the account. Please note that ABSA BANK LTD will not make a payment to another person on your behalf.
#2. Currency of Payments
Please ascertain what currency you are entitled to receive. Please note that payments in currencies other than United States dollars can be made only when you have a bank account in the country of your designated currency.
A. If you are only entitled to receive payments in United States dollars in a bank account in the United States
Please read instructions #3 and #4 carefully.
B. If you are entitled to, and wish to have, payments made in United States dollars to an account outside the United States
Payments denominated in United States dollars may be transferred to bank accounts outside the United States. The ABSA BANK LTD Treasury currently makes United States-dollar payments from JP Morgan Chase Bank, New York. Cross-border payments are routed through an intermediary bank or intermediary banks. To avoid errors, delays or expensive bank fees, it is recommended that you contact your bank to ascertain whether there is a preferred method of sending United States-dollar payments to your bank account. Identification of your own bank’s correspondent bank in the United States is helpful in routing your payment accurately with minimum intermediary bank charges. See #5 for the routing instructions.
Currency conversion. If your bank account is not in United States dollars, payments in United States dollars may be converted automatically into local currency by receiving banks. Unfavourable exchange rates may be applied which are different from the ABSA BANK LTD exchange rates. Please consult your local bank regarding its procedures and charges.
Bank charges. While JP Morgan Chase Bank, New York does not deduct any bank charges, your bank or intermediary banks may deduct service fees from incoming remittances. Please note that the ABSA BANK LTD does not reimburse bank fees deducted by your bank or by any intermediary bank.
C. If you are entitled to, and wish to receive payments in a currency other than United States dollars
If you are so entitled (please check your entitlement with your executive/administrative office), ABSA BANK LTD Treasury will make payments in currencies other than United States dollars. At present, payments made are in the currencies listed below. You must have a bank account in the country of your designated currency.
EUR (Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, Portugal and Spain), AUD (Australia), CAD (Canada), CHF (Switzerland), DKK (Denmark), GBP (UK), INR (India), JPY (Japan), NZD (New Zealand), NOK (Norway), SEK (Sweden)
ABSA BANK LTD, Official rates of exchange will be applied to calculate your payment if you designate a currency other than United States dollars for payment. Please note that in exceptional cases, payments in currencies not listed above may be made through other ABSA BANK LTD, agencies. Details may be obtained from the relevant section/unit in the Accounts Division.
You may learn from your bank the ABA (American Bankers Association) routing number of your bank. Alternatively, ABA number may be obtained from your personal cheque. It is the first nine-digit number in the lower left-hand corner of your personal cheque. You may wish to attach a copy of your voided cheque or deposit slip for verification of the ABA number.
#4. Type of Account (necessary if your account is located in the United States) yes or no?
This information is necessary only if your bank account is located in the United States. All bank accounts in the United States are classified as either checking or savings accounts for the purpose of receiving direct-deposit payments (ACH payments). You may have an account of a different type, but for ACH purposes,
If you request that a United States-Dollar payment be made to your account outside the United States, ABSA BANK LTD will make cross-border payments to credit your account. Complete and unambiguous payment routing information will help to enable timely payments with minimum bank charges. While this information is not a requirement to complete the form, we recommend that you supply it after obtaining guidance from your bank. It may be helpful for your bank to note that the ABSA BANK LTD, makes payments in United States dollars from JP Morgan Chase Bank, New York. Please ascertain from your bank the name of its correspondent bank in the United States. The routing instruction should be as specific as possible to minimize fees.
Feel free get back in writing for more clarification should in case you have any question.
Best Regards,
Matthew Harcourt
Chief Finance Director
Absa Bank Ltd,
Header:
Return-Path: <absafinancetrust@safrica.com>
Received: from [41.113.110.57] ([41.113.110.57]) by web-mail.mail.com (3c-app-mailcom-lxa03.server.lan
Message-ID: <trinity-e677e64a-7299-4fc1-9591-3c97ab3857dc-1645270144673@3c-app-mailcom-lxa03>
From: ABSASECURITY FINANCE TRUST <absafinancetrust@safrica.com>
Subject: Attention:
Date: Sat, 19 Feb 2022 12:29:04 +0100
Orig IP: 41.113.110.57 | Orig ISP: Ticsa-asn | City: Johannesburg | Country: South Africa
