Int. payment by bank remittance - SA National Clearing Code

[SarelSeemonster]

A bank in Japan wants to send me some Yen (which is nice). I'm with Capitec.

On the form I need to complete, the sending bank wants the "South African National Clearing Code". Phoned Capitec, consultant said to "just use the branch code" which is 470010, but she didn't sound very sure of herself so now neither am I.

Could someone please confirm/deny this? Screenshot:

 

[Tomtomtom]

ZA

 

[SarelSeemonster]

ZA

The form doesn't accept either "ZA" or "470010". Error is "National clearing code is incorrect".

 

[Jehosefat]

Try CABLZAJJXXX

 

[SarelSeemonster]

Try CABLZAJJXXX

The form field allows max. 6 characters.

 

[Tomtomtom]

Well this is what wise.com says:

If you have a SWIFT/BIC or IBAN code then you don’t need an NCC.

Bank Codes: What Are They And What Do They Mean?

Quite simply, a bank code is the numerical code assigned to a specific bank in order to identify it during financial transactions such as bank transfers. The...

wise.com

So something is off with that form I think.

Speaking of which, maybe use wise.com. If they can't help you receive Yen you can get close with an NZD account.

 

[Speedster]

Well this is what wise.com says:

Bank Codes: What Are They And What Do They Mean?

Quite simply, a bank code is the numerical code assigned to a specific bank in order to identify it during financial transactions such as bank transfers. The...

wise.com

So something is off with that form I think.

Speaking of which, maybe use wise.com. If they can't help you receive Yen you can get close with an NZD account.

Unfortunately Wise doesn't have account details for Yen.

 

[Tomtomtom]

Unfortunately Wise doesn't have account details for Yen.

I know, it's a long shot / last ditch effort, but NZ does seem to be a country (the one country?) where this NCC thing is actually used.

But before that maybe try asking the sending bank...

 

[SarelSeemonster]

This is for payment of a rehabilitation claim from the now-defunct Mt.Gox crypto exchange. Their bankruptcy proceedings have been dragging on for years (I originally filed the claim in 2015). The form I need to complete is at https://claims.mtgox.com. Horrible UI.

I can only choose from two banks in Japan as the source of payment, unfortunately, so 3rd-party providers like Wise.com is not an option.

If you have a SWIFT/BIC or IBAN code then you don’t need an NCC.

I saw that too. I think Mt.Gox's online form is doing some sort of validation on the NCC field but from all the information I've managed to gather, an NCC is not needed in SA so now I'm stuck.

Anyway, thanks for everyone's input. I'll try email the bankruptcy trustees. Have also found some posts at https://www.reddit.com/r/mtgoxinsolvency/ with similar problems.

 

[Tomtomtom]

I can only choose from two banks in Japan as the source of payment, unfortunately, so 3rd-party providers like Wise.com is not an option.

Wise doesn't offer a Japanese bank account but it does offer local accounts in New Zealand and other places in your name. I'm thinking if the JPY bank can't handle sending to SA they might still be able to send to one of the Wise.com options.

 

[Speedster]

If you do want to give wise a go, use this link to score discount on your first transfer

You’ve been invited to Wise – Join and get a discount.

Banks sting you with hidden charges when you send or spend money internationally. But that’s yesterday’s problem. Say hello to Wise – the clever new way to move your money.

wise.com