Domestic and Cross-Border Wires (including SADAD bill payment)

What's changing

How it's changing

Returns from clearing – SARIE RTGS

Payment returns from SARIE clearing will be automatically applied back to your account.
The return narratives will display the return reason. The return transaction will have a reference of the original transaction to aide reconciliation.

New Purpose of Payment Code – SARIE RTGS

A new purpose of payment code is being introduced:

• POR19 – Purchase of goods or import.

This code should be used when purpose of payment is to purchase goods or pay for imports.

J.P. Morgan Transaction Reference Number – SARIE RTGS

The new reference number format will be 12 alphanumeric characters with no fixed values. This replaces the current 12-character format that has the first two characters fixed as ‘FT’ followed by 10 alphanumeric characters.
This will be reflected on your balance and transaction reports as well as your account statements.

Transaction Narrative – SARIE RTGS

The new narrative structure will be enriched. We’ll provide more information as it becomes available.

24/ 7 Initiation – SADAD bill payment

SADAD payments will be supported 24 hours a day, seven days a week, with the exception of any scheduled downtime periods.

Enhancement of functionalities available on J.P. Morgan Access® – SARIE RTGS

See J.P. Morgan Access changes for SARIE here

Enhancement of SADAD bill payment initiation on J.P. Morgan Access®

See J.P. Morgan Access changes for SADAD here

Introduction of validations on Host-to-Host files and API

See Access changes for H2H and API here