Barwa Bank,through the local QATCH system and its network of partner banks globally, is able to make and receive payments for you in a range of currencies.
Requests to make a single payment or set up a regular standing order on your behalf can be sent to us by:
- Mobile Banking
- Internet Banking (Retail Internet Banking -RIB & Corporate Internet Banking – CIB)
- In writing using the bank’s standard form
|Cut-off Times||Manual (Paper Forms)||E-Channels|
|ITEM||Time||Value Date||Time||Value Date|
|- Within Barwa Bank||1.00pm||Same Day||1.30pm||Same Day|
|- Other Local Banks||11.30am||Same Day||12.00pm||Same Day|
|All GCC currencies||9.00am||Same Day||9.30am||Same Day|
|USD||12.00pm||Same Day||1.00pm||Same Day|
|EUR||12.00pm||Same Day||1.00pm||Same Day|
|GBP||12.00pm||Same Day||1.00pm||Same Day|
|All Other currencies||12.00pm||Next Day||1.00pm||Next Day|
|Salaries/Bulk Payments (QAR)||See note 5||1.00pm||Next Day|
|Salaries/Bulk Payments (FCY)||See note 5||1.00pm||Next Day|
NOTES ON VALUE DATING:
- On Sundays & other International bank holidays same day value will notbe available for applicable currencies.
- Instructions received after the cut off times will be processed on the following working day with indicated value dates.
- The Bank reserves the right to apply spot value(2 International working days) for any foreign currency transactions.
- Same day value is at sole discretion of the bank and assumes no liability or responsibility for loss or damage arising out of failure to deliver same day value.
- Instructions with 5 or more payments are considered as Bulk Payments/salary files and must be submitted as an electronic file (in the format required by the Bank) or via Corporate Internet Banking.
TIPS TO MAKE PAYMENTS FASTER & ACCURATE
- We encourage you to use our electronic channels for more convenient, safer, faster and accurate fund transfers in a cost effective manner. If manual paper forms are used always use the bank’s standard applications forms available on Barwa Bank website.
- Provide the International Bank Account Number (IBAN) as banks are increasingly relying on the IBAN numbers to accurately process transactions. For local payments IBAN is mandatory.
- Provide complete details of beneficiary and beneficiary bank
- Provide SWIFT codes/Routing Numbers/Sort Codes/IFSC codes as applicable.
- Clearly indicate the purpose of remittance to comply with Qatar Central Bank regulations.
- Have the transactions signed by the authorized signatories as per bank mandate.
- Ensure adequate cleared funds are available in the account to cover transfer amount plus bank charges.
- Clearly indicate whether the charges inside/outside Qatar are on account of applicant or beneficiary.