In the realm of international financial transactions, the accuracy of banking codes is paramount, particularly when processing cross-border transfers. UENO BANK S.A., headquartered in Asunción, Paraguay, plays a significant role in this global network, with its SWIFT/BIC code COMAPYPAXXX serving as a vital identifier. The bank's physical address is AVDA SANTA TERESA, esquina, CONCEJAL, VARGAS 3088, ASUNCION, ASUNCION, 1410 .
Decoding the SWIFT/BIC Structure
The SWIFT/BIC code for UENO BANK S.A. reveals key details about its identity and location:
- COMA : The unique bank code for UENO BANK S.A.
- PY : The country code for Paraguay.
- PA : The location code for the bank's headquarters.
- XXX : The branch code, indicating the global headquarters.
Efficiency in International Fund Transfers
A practical example illustrates the bank's role in facilitating seamless transactions: When transferring $10,000.00 USD to France, the recipient typically receives €8,409.00 , with the funds arriving within three business days . This timeline reflects the efficiency of modern international banking systems.
The Importance of Code Verification
Ensuring the accuracy of SWIFT/BIC codes is critical for avoiding delays and complications in cross-border transactions. Confirming the correct bank name, branch details, and country information minimizes risks and guarantees secure delivery of funds to the intended account.
Addressing Common Challenges
International transfers may occasionally encounter issues such as delays or misdirected payments. To mitigate these risks, customers should:
- Double-check the SWIFT/BIC code before initiating a transfer.
- Consult their bank's transfer guidelines for additional clarity.
UENO BANK S.A.'s SWIFT/BIC code serves as both a bridge for international transactions and a safeguard for financial security. By understanding and correctly using these codes, customers can navigate the complexities of global banking with confidence, ensuring smooth and trouble-free transfers.