Ukraine purpose of payment guide


Sending a wire to Ukraine requires certain information to be provided, including the recipient's bank details, and purpose of payment code. The purpose of payment code is a four/digit code that indicates the reason for the transaction, such as trade in goods or services, investment, or personal remittance.

When choosing a purpose of payment code, make sure that it is accurate and appropriate for the transaction, since incorrect or inappropriate codes could result in delays or even rejection.

Purpose of payment code

Purpose codes are used to indicate the nature of the transaction being conducted and should be included in the payment details when initiating a wire transfer to or from Ukraine. The purpose code should be selected based on the nature of the transaction and should be consistent with the supporting documentation, such as invoices or contracts.

Code

Description

Goods

1221

Goods for general use/payment on delivery

1721

Goods for general use/prepayment and letters of credit

1251

Energy products/payment on delivery

1751

Energy products/prepayment and letters of credit

1551

Goods purchased in ports by transport organizations

1661

Non/monetary gold and other banking metals

1771

Resale products and commission agreements

Services

2481

Recycling services of material resources belonging to other parties

2041

Services in repair and maintenance

2303

Card payments and international payment system transfers

2305

Payments for traveler's checks

2307

Private transfers between residents or between non-residents

2311

Business travel

2315

Personal travel

2343

Sale or purchase of cash currency with individuals

2373

Payment for construction services

2375

Financing of construction works

2421

Insurance premiums under insurance contracts

2423

Insurance premiums under reinsurance contracts

2429

Insurance indemnity under insurance contracts

2431

Insurance indemnity under reinsurance contracts

2433

Auxiliary insurance services

2443

Financial services

2445

Guarantee providing fees

2475

Fee for using intellectual property

2351

Telecommunication services

2353

Computer services

2355

Information services

2489

Research and development

2485

Legal, consulting, audit services

2487

Advertising, marketing

2493

Architectural, engineering, and other technical services

2501

Waste recycling, services in agriculture

2483

Operational leasing

2503

Trading intermediary

2497

Other commercial services/other

2505

Audiovisual and related services

2507

Other services for individuals and services in the field of culture and recreation

2471

Services of permanent missions

2473

Services of other representative offices (except official ones)

2591

Government services

Transport

2133

Sea passenger transport

2135

Sea freight

2137

Other sea transport

2153

Air passenger transport

2155

Air freight transport

2157

Other air transport

2173

Automobile passenger transport

2175

Automobile freight transport

2177

Other automobile transport

2193

River passenger transport

2195

River freight transport

2197

Other river transport

2223

Passenger railway transport

2225

Freight railway transport

2227

Railway transport/other

2247

Pipeline transport

2249

Other auxiliary transport services

2251

Postal services and courier services

2253

Electricity transmission services

Primary income

2611

Salary

2623

Income from equity investment (direct investment)

2625

Loans interest from a direct investor

2627

Other income from direct investment

2645

Income from equity securities (portfolio investments)

2651

Interest on debt/general government sector

2653

Interest on debt/banking sector

2655

Interest on debt/other sector

2663

Interest on long/term loans/sector of general government

2665

Interest on long/term loans/banking sector

2667

Interest on long/term non/guaranteed loans/other sectors

2670

Interest on long/term guaranteed loans/other sectors

2673

Other income from other investments/banking sector

2675

Other income from other investments/other sectors

Secondary income (current transfers)

2853

Current transfers/general government sector

2863

Money remittances of workers who work abroad

2867

Other private transfers between a resident and a non-resident

2869

Social benefits

2871

Current transfers from other sectors/other

Capital account

3433

State transfers for investment purposes

3434

Other capital transfers/general government sector

3461

Transfers to investment purposes of other sectors

3462

Money transfers of migrants

3591

Purchase/sale of land by foreign representative offices

3592

Purchase/sale of intangible assets

3593

Land rent

Financial account

Direct investment account

4122

Transfer of funds to a direct investment enterprise (assets)

4132

Investments in real estate (assets)

4162

Direct investor loans/claims for non-residents (assets)

4163

Direct investor loans/obligations to non-residents (assets)

4172

Other capital in the form of direct investment (assets)

4221

Depositing funds into a direct investment enterprise (liabilities)

4231

Investment in real estate (liabilities)

4261

Direct investor loans/obligations to non-residents (liabilities)

4262

Direct investor loans/claims for non-residents (liabilities)

4271

Other capital in the form of direct investment (liabilities)

Portfolio investment

Foreign securities (assets)

5022

Securities representing the right to participate in capital (assets)

5026

Investment certificates (assets)

5042

Long/term and permanent debt securities (assets)

5044

Short/term debt securities (assets)

Domestic securities (liabilities)

5021

Shares and other documents certifying the right to participate in equity (liabilities)

5025

Investment certificates (liabilities)

6047

Overnight loans (liabilities)

6145

Short/term loans/general government sector (liabilities)

6245

Short/term loans/banking sector (liabilities)

6345

Short/term loans/other sectors (liabilities)

6063

Long/term bank deposits (liabilities)

6065

Short/term bank deposits (liabilities)

6067

Overnight deposits (liabilities)

6077

Funds in settlement and monetary coverage (liabilities)

6079

Deposits of individuals and legal entities/non-residents (liabilities)

6023

Other long/term liabilities

6025

Other short/term liabilities

7012

Monetary gold (reserve assets)

7022

Special drawing rights (reserve assets)

7032

Reserve position in the IMF

7042

Foreign currency (reserve assets)

7054

Other requirements (reserve assets)

8272

Cash flow on accounts until clarification

8273

Unclaimed payments up to 10 thousand USD

8282

Coverage of transfers from international payment systems

8336

Purchase (sale) of foreign currency for a national currency between resident and non-resident legal entities

Neutral operations

8441

Receipt (transfer) of transit funds to nostro accounts

8442

Cash flow between correspondent accounts of one Ukrainian bank

8443

Purchase (sale) and conversion of cashless funds between residents

8444

Other non/cash settlements between residents

8445

Purchase (sale) of cash foreign currency for non/cash transactions between resident legal entities

8446

Other neutral operations of residents with cash

8466

Cash flow between accounts of legal entities/residents in Ukrainian banks and their accounts abroad

8422

Non-resident investment accounts

8424

Settlements between non-residents

8425

Import (export) of cash foreign currency from abroad for the NBU

8426

Conversion of foreign currency between a resident and a non-resident

8427

Neutral transactions with cash non-residents

8428

Depositing (withdrawal) cash on transfers of international money transfer systems

8430

Other neutral operations involving non-residents

9112

Nostro and cash accounts/balance at the end of the period

9222

Loro accounts/ balance at the end of the period

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