Customers with accounts in the Qatar- Mandatory Purpose of Payment code requirements

Contact us

Request a callback

Every customer enquiry is important to us. By providing details about your business interests we can direct your enquiry to our most relevant team member.

Please don’t enter confidential information such as your bank account details here.
All fields are mandatory unless otherwise indicated as optional.

  1. Current: Step 1 of 2 01
  2. Step 2 of 2 02

Reason for contacting us

Enter a topic
Enter a topic

Contact details

Please enter your name
Please enter your telephone number

When may we call you?

Preferred time of day

We will call you within the next 3 business days

Back

Request a call-back - Your business interests (optional)

Every customer enquiry is important to us. By providing details about your business interests we can direct your enquiry to our most relevant team member.

Please don’t enter confidential information such as your bank account details here.
All fields are mandatory unless otherwise indicated as optional.

  1. Completed: Step 1 of 2 01
  2. 02 Current Step 02

Business size (optional)

Your business turnover

Your industry sector (optional)

Your market interest (optional)

Which international markets interest you?

Add your business interests

Please don’t enter confidential information such as your bank account details here.
All fields are mandatory unless otherwise indicated as optional.

Business size

Your business turnover

Your industry sector

Your market interest

Which international markets interest you?

Request a callback

  • Sorry

We’ve encountered a problem

We couldn’t send your message. Please try again, return later or call us on

Request a callback

  • Thank you

We’ll be in touch

A Relationship Manager from HSBC Qatar will give you a call within three business days.

Your interests

  • Business name:
  • Turnover:
  • Sector:
  • Location:
  • International markets:

Add your business interests

We won’t sell your data or misuse it. Read how we handle your details in our cookie policy.

Action required for Qatar account holders: Mandatory Purpose of Payment code requirements
Purpose of payment has been mandatory in Qatar as per the local regulations and from 09 June 2019, for all domestic Qatari Riyal payments via ACH Credit, Priority Payments/Customer Transfers and Inter-account Transfers, clients "will be required to submit a valid Purpose of Payment in the required fields.

This update is in line with the local "regulations. This requirement applies for payments submitted on-screen via HSBCnet, File Upload, HSBC Connect, and SWIFT transactions.

What this mean for you

As of the said date, a valid Purpose of Payment code is required in the appropriate mandatory field or your payment will not be accepted.
The full list of updated Purpose of Payment codes is availablehere >
Action required by 09 June 2019:

To avoid payment rejections, include a valid Purpose of Payment code in the appropriate field of your payments . Further details of the changes can be found below: "

ACH Credit transactions:"

Please use the ‘Purpose of Payment field to provide valid Purpose of Payment codes for your payment instructions.

  • "Priority Payments/Customer Transfers and Inter-account Transfers:
    All domestic payments, including "third-party payments (MT101) and HSBC Inter-account Transfers, require a valid Purpose of Payment code. Please mention Purpose of payment in the field: ‘Regulatory Reporting’ (Field 77B of MT103/MT101).
  • "Standing Instructions, and Forward-dated payments:

Existing Templates, Standing Instructions, and Forward-dated payments need to "be updated to include valid Purpose "of Payment codes for related payment type, as above (ACH or Priority payments).

  • "General and Restricted Templates:  
    If you have any domestic payment templates with Qatar debit accounts, we request you to update them with valid Purpose of Payment codes for related payment type, as above (ACH or Priority payments).

"Reminder: if you update a Restricted Template, another user with permission must authorise it for it to become updated. "

Select here for details on how to include Purpose of Payment codes in your payments >

If you have any questions, please contact your local HSBCnet Support Centre on +974 44254353. 

You are leaving the HSBC Commercial Banking website.

Please be aware that the external site policies will differ from our website terms and conditions and privacy policy. The next site will open in a new browser window or tab.

You are leaving the HSBC Commercial Banking website.

Please be aware that the external site policies will differ from our website terms and conditions and privacy policy. The next site will open in a new browser window or tab.