International Business Payments
Whether you are looking to pay for goods overseas or make an international payment to a contractor, BFC offers secure and convenient payment services for all your corporate needs. We guarantee flexibility and peace of mind to our customers and consistently deliver a hassle-free service to businesses of all sizes at competitive rates.
SWIFT Bank Transfer
SWIFT allows our BFC customers to make global money transfers safely and directly to a recipient’s bank account within 48 hours.
- A quick way of sending international payments all over the world.
- Payment arrangements are made through an extensive network of banks.
- Funds are transferred within 2 working days / 48 hours
- Payments are refundable upon confirmation of non-payment by a correspondent bank
Payment Purpose Codes
For the full list of Payment Purpose Codes, examples of use and their descriptions, please view the documents below
Telegraphic Transfer
This allows our customers to send money transfers electronically to a specific beneficiary account overseas. It is a quick, reliable and cost-effective way to send money abroad via telex instruction.
Download BFC Corporate Business Services Remittance Payment Form below.
VAT Notice
Starting from 1st January 2022, BFC’s products and services shall be subject to 10% value added tax (VAT) in accordance with the laws and regulations of the National Bureau for Revenue – Kingdom of Bahrain.
Should you require more information on VAT, please visit the website of the Ministry of Finance & National Economy at https://www.nbr.gov.bh
VAT shall appear on your invoices (Please refer to BFC’s General Terms and Conditions for more information). Should you have any queries, please do not hesitate to contact us.
BFC VAT Reg. No. 200000406500002
Fee Collection Services
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Wholesale Currency Services
