In cross-border money transfers, ensuring funds arrive safely and promptly at the destination bank remains every user's primary concern. When dealing with unfamiliar banking institutions, understanding how to properly use SWIFT/BIC codes becomes particularly crucial. Today, we examine BANQUE DU CAIRE's SWIFT code and its practical application in international transactions.
The Critical Importance of SWIFT Codes
Have you ever experienced delayed transfers or funds reaching incorrect accounts? Many international senders overlook the precision required when entering SWIFT codes, which can result in failed or misdirected transactions. Using the correct SWIFT code — BCAIEGCX020 for BANQUE DU CAIRE — serves as the fundamental solution to such problems.
About BANQUE DU CAIRE
Headquartered in Cairo, Egypt, BANQUE DU CAIRE maintains a distinguished reputation for providing comprehensive financial services. The institution delivers both personal and corporate banking solutions with consistent efficiency and professionalism.
Decoding the SWIFT/BIC: BCAIEGCX020
SWIFT/BIC codes function as unique identifiers for banks and their branches in international transactions. BANQUE DU CAIRE's code breaks down into three distinct components:
- BCAI - The bank's unique identifier
- EGCX - Denotes Egypt (EG) and the specific branch location
- 020 - Identifies the precise branch for accurate fund routing
Key Considerations for International Transfers
When initiating transfers to BANQUE DU CAIRE, observe these critical details:
- Verify the SWIFT code : Confirm BCAIEGCX020 matches your recipient's bank information
-
Provide complete bank details
:
- Bank Name : BANQUE DU CAIRE
- Address : KASR EL-NEEL, CAIRO, CAIRO
- Country : EGYPT
- Include supplementary information : Some transactions may require additional details like beneficiary account numbers
The Strategic Value of SWIFT Codes
Beyond facilitating transfers, SWIFT codes serve multiple banking functions:
- Transaction accuracy : Unique codes eliminate ambiguity in fund routing
- Operational efficiency : Enables rapid interbank settlements across borders
- Enhanced security : The SWIFT network provides encrypted communication channels
In global finance, proper SWIFT code usage forms the foundation of secure transactions. Diligent verification of BANQUE DU CAIRE's BCAIEGCX020 code and associated banking details significantly reduces transfer risks, ensuring your funds reach their intended destination without complications.