With ADCB Online Banking, you can now transfer funds through UAEFTS (UAE Funds Transfer System) from your ADCB account to any other bank in the UAE.
It is an extremely convenient and smooth process, and your money will usually be credited within twenty four hours.
You also have the facility to set up Standing Instructions on your account with ADCB. Kindly refer to the list of purpose of payment while requesting for the set up of Standing Instructions.
UAE Purpose of Payment Codes - Domestic Transactions
Please find below the Purpose of Payment (PoP) codes, as provided by Central Bank UAE. These PoP codes can be used for domestic transactions in AED where both the remitting and beneficiary institution are members of UAEFTS. Please note that these PoP codes may be amended in accordance with Central Bank UAE instructions.
Code | Description |
IGT | INTER GROUP TRANSFER |
OAT | OWN ACCOUNT TRNSFER |
SVI | STORED VALUE CARD CASH-IN |
SVO | STORED VALUE CARD CASH-OUT |
SVP | STORED VALUE CARD PAYMENTS |
MWI | MOBILE WALLET CASH IN |
MWO | MOBILE WALLET CASH OUT |
MWP | MOBILE WALLET PAYMENTS |
PRP | PROFIT RATE SWAP PAYMENTS |
PRW | PROFIT RATE UNWIND PAYMENTS |
IRP | INTEREST RATE SWAP PAYMENTS |
IRW | INTERST RATE UNWIND PAYMENTS |