When conducting international wire transfers, ensuring the correct banking address is absolutely crucial. Many senders fail to realize that an incorrect SWIFT/BIC code can result in significant delays or even complete transaction failures. The case of Tunisia's SOCIETE TUNISIENNE DE BANQUE (STB) serves as a perfect example to examine the importance and practical application of these financial identifiers.
The SWIFT code for SOCIETE TUNISIENNE DE BANQUE is STBKTNTT925 , where characters 8 through 11 identify specific bank branches. This code breaks down into distinct components: STBK (bank code), TN (country code for Tunisia), TT (location code), and 925 (branch identifier). The bank's physical address is located in Nabeul, Tunisia.
Consider a transfer scenario where a sender needs to wire $10,000 from Tunisia to France. Using the correct SWIFT code ensures the recipient would receive approximately €8,409, with the transaction typically completing within three business days. Any inaccuracy in the SWIFT code could disrupt this process, potentially freezing funds in transit for weeks.
While the transfer process itself appears straightforward—whether conducted at a bank branch or through digital platforms—the verification of SWIFT codes demands particular attention. Financial institutions strongly recommend regular validation of these codes, especially given that branch-specific details may change over time. The standardized SWIFT system significantly enhances both the efficiency and security of cross-border payments.
In today's global financial landscape, confirming all banking details—especially SWIFT/BIC codes—remains the most reliable method to guarantee successful international transactions. Professionals emphasize that double-checking these identifiers before initiating any transfer is the simplest yet most effective safeguard against costly errors and operational delays.