🇬🇶 Sending to Equatorial Guinea¶
GQ · GNQ · +240 · CEMAC
IBAN optional SWIFT BIC required
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Required information¶
For your end users
CEMAC country: payments > 5M XAF must be deposited at a local authorized intermediary. Payments > 100M XAF require BEAC central-bank approval - expect documentation delays.
Last reviewed by GIB compliance on 2026-05-19. Reference material only.
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Currency
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Typical settlement
1-2 business days under 5M XAF; 5+ days for amounts requiring BEAC approval (>100M XAF).
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SWIFT BIC
Required
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Local clearing
SYGMA / SYSTAC (BEAC)
Account format¶
How beneficiary account numbers are structured for Equatorial Guinea. Failure to match this format is the single most common reason wires are rejected at the destination.
| Field | Value |
|---|---|
| Format tier | IBAN optional (recommended) |
| Length | 23 digits |
| Validation regex | ^[0-9]{23}$ |
| Example | 12345678901234567890123 |
Routing identifiers¶
Which routing codes the wire-creation API call must include for Equatorial Guinea.
| Field | Value |
|---|---|
| SWIFT BIC | Required |
| None | Optional |
| Local clearing | SYGMA / SYSTAC (BEAC) |
Purpose of payment¶
Put a code from the ISO 20022 list in <Purp><Cd> (purpose_code).
Requirement: ISO 20022 code required
GIB check: a missing or unexpected purpose is reported as a validation warning; the wire is not held.
Not yet confirmed
We have not yet confirmed this country's purpose-of-payment requirement against a central-bank or correspondent-bank source. Including a purpose is recommended. We update these guides as we confirm each country.
Standard list applies
Equatorial Guinea doesn't publish a country-specific PoP scheme. Use the ISO 20022 standard purpose codes.
Remittance info¶
Extra content the regulator requires inside the free-text remittance field, beyond the purpose-of-payment code.
No special remittance-info requirement - clearly identify the economic reason for the payment.
Operational notes¶
| Field | Value |
|---|---|
| FX minimum (USD) | $100 |
| Currencies accepted | XAF |
| Typical settlement | 1-2 business days under 5M XAF; 5+ days for amounts requiring BEAC approval (>100M XAF). |
| Banking holidays | ↗ Calendar |
Common rejection reasons¶
Documented patterns that cause this country's banks to return wires. Universal reasons (sanctions holds, missing BIC) aren't repeated here.
Missing supporting documentation for payments > 100M XAF - BEAC central-bank approval required and not obtained.
Beneficiary not declared at a local authorized intermediary for payments > 5M XAF.
Missing economic-reason purpose statement.
Beneficiary name not matching government-issued ID.
Validate before you send¶
Check identifiers before you submit. The IBAN check runs in your browser (format plus the ISO 13616 MOD-97 check digit). GIB's API checks the IBAN format for countries where an IBAN is required. The BIC lookup searches GIB's BIC directory and needs a dashboard login.
IBAN check
Format: ^[0-9]{23}$ · MOD-97 (ISO 13616) check digit verified locally.
BIC lookup
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References¶
First-party sources — central banks, FX regulators, ISO registries. Always re-verify against these before pushing volume to a new corridor.
Disclaimer
These country guides aggregate information from central banks, regulators, and industry-standard references. Global Innovations Bank reviews them on a rolling cadence and notes the verification date on each page. Payment-corridor rules change between releases, so we cannot guarantee continued accuracy.
Always verify against the primary sources linked in the References section before going live in a new corridor. Re-check applicable sanctions lists (OFAC, EU, UK, UN consolidated, and any state-level requirements) at the time of payment, since designations shift between our refreshes.
For fintech partners on GIB's sponsor-bank rails, these guides do not replace your BSA/AML, KYC, sanctions-screening, or transaction-monitoring obligations under your program agreement with GIB.
Nothing in this material constitutes legal, tax, or regulatory advice, and wire-acceptance decisions remain at the discretion of GIB Compliance and the destination bank.