In today's globalized economy, international money transfers have become an indispensable part of both personal and business financial activities. For those needing to send funds to the National Bank of Egypt, understanding the bank's SWIFT/BIC code is crucial. This guide provides detailed information about the code and related banking details to facilitate successful international transactions.
I. Bank Identification Details
- Bank Name : National Bank of Egypt
- SWIFT/BIC Code : NBEGEGCX001
- City : Cairo
- Address : 24 Sherif St., 1st Floor, Cairo 11513, Egypt
- Country : Egypt
II. The Significance of SWIFT/BIC Codes
SWIFT/BIC codes serve as critical identifiers in international banking transactions. These 8-11 character codes uniquely identify financial institutions worldwide, ensuring funds are routed accurately to the intended recipient's account. The code structure contains essential information about the bank and its location.
III. About the National Bank of Egypt
Established in 1898, the National Bank of Egypt stands as one of the country's oldest and most prominent financial institutions. As a leading commercial bank, it offers comprehensive domestic and international banking services. Verifying the correct SWIFT/BIC code becomes particularly important when conducting transactions with such established institutions to maintain transaction security and efficiency.
IV. Transfer Recommendations
When initiating international transfers, meticulous verification of all banking details is essential. This includes confirming the complete SWIFT/BIC code, recipient account information, transfer amount, and currency specifications. For added security, directly contacting the National Bank of Egypt to validate the current SWIFT/BIC code before transaction initiation is advisable.
Note that different branches within the National Bank of Egypt network may utilize distinct SWIFT/BIC codes. Always verify you're using the specific code corresponding to your recipient's branch to prevent transfer delays or failures.
Conclusion
Understanding the National Bank of Egypt's SWIFT/BIC code (NBEGEGCX001) proves fundamental for successful international money transfers. Accurate information verification safeguards your transactions and ensures financial security. In our interconnected financial landscape, mastering basic banking details and transfer protocols simplifies the process of navigating international monetary transactions.