Frequently Asked Questions (FAQ)

1). WHAT IF I DON'T PUT THE EXACT NAME THAT IS ON THE BANK ACCOUNT IN THE FORM?  In many countries, a bank will not accept a wire transfer if the name on the wire instructions does not exactly match the name on the bank account in which the money is to be deposited. 

2). WHAT IS A BANK CODE?    A Bank Code is a code assigned by a Central Bank, a Bank Supervisory Body or a Bankers Association in a country assigned to all its licensed member banks. The rules vary to great extent between the countries. Also the name of such a code varies.  

The bank code typically appears on the bottom of negotiable instruments such as checks identifying the financial institution on which it was drawn.  Please confirm the Bank Code with your bank before entering it on the form.  An example of where to find the bank code is:

3). WHAT IS AN IBAN?  IBAN is used in some countries for international payments to identify a specific individual bank account.  Please check with you bank to find or confirm your IBAN.

4). WHAT IS A SWIFT CODE?  SWIFT is used to identify a specific bank when sending an international payment.  It is very important that you confirm the SWIFT code with your bank before entering it on the form.

5). WHAT IS A SKN CODE? To create the Sistem Kliring Nasional (SKN) Code, use the format A/B/CC/2. 

       A is Beneficiary type (1=Individual, 2=Corporate, 3=Government);

       B is Residential Status (1=Resident, 2=Non-Resident);

       C is Transaction Type (50=Transfer between Customer, 51=Government Transactions, 59=Reversal/Return. 

       The last number will always be 2.  For example: An Individual, Resident, Transfer between Customer, the SKN Code will be 1/1/50/2.

6). WHO CAN I CONTACT FOR ASSISTANCE?  If you have any general questions concerning Honoraria payments, please contact ETS Honoraria at 1-800-257-5123, or direct toll 1-609-771-7788 (press Option 2, and then Option 2 again), or email Honoraria ETS.