When planning an international money transfer, ensuring your funds reach the intended account safely and accurately is paramount. The SWIFT code serves as a crucial tool in this process, acting as both a requirement for cross-border payments and a safeguard for proper fund delivery. This article examines BANQUE DU CAIRE's SWIFT/BIC code—BCAIEGCX020—and explains its proper usage.
Understanding SWIFT/BIC Codes
The SWIFT code for BANQUE DU CAIRE is BCAIEGCX020. These codes play a vital role in global financial transactions. A SWIFT/BIC code consists of 8 to 11 alphanumeric characters with the following structure:
- First four characters : Bank code (BCAI) identifying BANQUE DU CAIRE
- Next two characters : Country code (EG) for Egypt
- Following two characters : Location code (CX) indicating Cairo
- Optional last three characters : Branch code specifying particular bank branches or offices
Key Information About BANQUE DU CAIRE
- Bank Name : BANQUE DU CAIRE
- City : Cairo
- Address : KASR EL-NEEL, CAIRO, CAIRO
- Country : Egypt
When to Use BCAIEGCX020
Using the correct SWIFT code is essential for both sending international payments and receiving cross-border transfers. When transferring funds to BANQUE DU CAIRE, always use BCAIEGCX020 to ensure successful delivery. Even minor errors in the SWIFT/BIC code can result in delayed or lost funds, regardless of the transfer amount.
Verifying Code Accuracy
Before initiating any transfer, take these precautions:
- Confirm bank details : Verify the SWIFT code corresponds to the correct receiving bank
- Check branch information : If transferring to a specific branch, ensure you have the appropriate branch SWIFT code
- Validate location details : For international transfers, confirm the recipient bank's city and country
The Importance of Correct SWIFT Codes
Accurate SWIFT/BIC codes significantly reduce transaction errors and processing delays. Using incorrect codes in international transfers may result in funds being deposited to wrong accounts, creating unnecessary complications. Always verify the code before transferring funds. Banks typically provide updated SWIFT code information on their official websites.
In today's globalized financial landscape, executing accurate and efficient cross-border transfers has become increasingly important. Understanding BANQUE DU CAIRE's SWIFT code—BCAIEGCX020—helps ensure financial security while enhancing your ability to manage international transactions. Proper verification before each transfer prevents potential losses and complications, guaranteeing your funds reach their intended destination smoothly.