In international money transfers, the accuracy of SWIFT codes serves as the cornerstone for successful transactions. A single incorrect character can lead to delays, additional fees, or even complete failure of the transfer. For those conducting business with Egypt or sending remittances to the country, verifying the correct banking information becomes paramount.
The National Bank of Egypt, one of the country's largest financial institutions, operates with the SWIFT code NBEGEGCX007 . This alphanumeric identifier routes transactions to the bank's headquarters at 217 Ramsis Street, Cairo, Egypt (postal code 11522). The code's structure follows international standards: the first four characters identify the bank (NBEG), followed by the country code (EG), location code (CX), and branch identifier (007).
Financial institutions periodically update their SWIFT information, making verification essential before initiating any transfer. The consequences of using outdated codes range from temporary holds on funds to complete rejection of transactions. International wire transfers typically cannot be reversed once processed, placing the burden of accuracy entirely on the sender.
For individuals and corporations alike, the standardization of these codes facilitates cross-border commerce and personal remittances. The system eliminates ambiguity in global transactions, ensuring funds reach their intended destination efficiently. However, users should note that SWIFT codes only identify financial institutions—they do not replace the need for complete beneficiary account details.
The National Bank of Egypt's established presence and standardized SWIFT information provide reliability for those engaging in Egyptian financial transactions. As global money movement becomes increasingly digitized, such precise identifiers form the backbone of international banking operations.