
When sending money internationally, ensuring your funds reach their destination safely and efficiently is paramount. One critical element in this process is the correct use of SWIFT codes. For transfers to Banque du Caire in Egypt, understanding its SWIFT code— BCAIEGCX011 —is essential. This article provides a detailed breakdown of the code and explains how to use it for fast, accurate international transfers.
Why SWIFT Codes Matter
In today’s globalized financial system, SWIFT codes serve as a secure identifier for banks during international transactions. These unique codes help recipient banks verify the sender’s details and the specifics of the transfer, minimizing the risk of errors or lost funds. For instance, if you’re sending U.S. dollars to France via Banque du Caire, using the code BCAIEGCX011 ensures the funds are routed correctly and securely.
Decoding Banque du Caire’s SWIFT/BIC Code
The SWIFT code BCAIEGCX011 is structured as follows:
- Bank Code (BCAI): Identifies Banque du Caire.
- Country Code (EG): Denotes Egypt as the bank’s location.
- Location Code (CX): Refers to the bank’s headquarters.
- Branch Code (011): Specifies a particular branch of Banque du Caire.
This code ensures precision when transferring funds to the bank’s branches in Cairo, whether for small or large amounts.
Transfer Process and Timing
Under current banking procedures, transferring funds to Banque du Caire typically takes up to 24 hours to process, while the recipient may receive the funds within three business days. For example, a transfer of $10,000 would yield approximately €8,409 for a recipient in France, though exchange rate fluctuations may affect the final amount. Always verify the day’s exchange rates before initiating a transfer.
Step-by-Step Transfer Guide
- Confirm that your bank supports international transfers.
- Obtain the recipient’s bank details, including the SWIFT code BCAIEGCX011 .
- Fill out the transfer form carefully, ensuring the SWIFT code and account information are accurate.
- Submit the transfer request and pay any applicable fees.
Conclusion
Using the SWIFT code BCAIEGCX011 is crucial for seamless transfers to Banque du Caire. A clear understanding of SWIFT/BIC codes reduces risks associated with international transactions. Whether for personal or business purposes, mastering these protocols ensures smooth and secure cross-border financial operations.