In global financial transactions, security and efficiency are paramount. For those seeking a reliable method to complete international money transfers, understanding SWIFT/BIC codes is essential. This article provides an in-depth analysis of BANQUE DU CAIRE's SWIFT/BIC code to facilitate smoother cross-border transactions.
What is a SWIFT/BIC Code?
A SWIFT/BIC code is a unique 8-11 character alphanumeric identifier used to recognize specific banks and their branches worldwide. Comprehending its structure helps ensure funds reach their intended destination without complications.
- Bank Code (BCAI): These four letters identify BANQUE DU CAIRE.
- Country Code (EG): Indicates the bank's location in Egypt.
- Location Code (CX): Specifies the bank's headquarters location.
- Branch Code (035): These three digits designate a particular branch.
The accuracy of SWIFT codes is crucial. Each code typically ends with 'XXX' to reference the bank's main office.
BANQUE DU CAIRE's SWIFT/BIC Code
The following details are essential for transfers to BANQUE DU CAIRE:
- SWIFT Code: BCAIEGCX035
- Bank Name: BANQUE DU CAIRE
- City: Cairo
Before initiating an international transfer, verify these critical elements:
- Bank Verification: Confirm the recipient's bank details match exactly.
- Branch Validation: If using a specific branch code, ensure it corresponds with the recipient's branch.
- Country Confirmation: Verify the SWIFT code aligns with the destination country.
Optimizing Cost and Efficiency
When transferring funds to BANQUE DU CAIRE, consider platforms that offer competitive exchange rates and lower fees compared to traditional banks. Such services can provide significant savings on international transactions.
Transparent fee structures allow users to understand all costs upfront, while efficient processing times ensure most transfers are completed within the same business day. Speed and cost-effectiveness are particularly valuable in international money transfers.