When making international wire transfers, understanding a bank's SWIFT/BIC code is crucial. For those sending funds to MEDIRECT BANK (Malta) PLC, the essential identifier is MBWMMTMT010 . This alphanumeric code serves as the bank's unique fingerprint in global financial networks, ensuring secure and timely delivery of funds.
Headquartered in the picturesque town of Sliema at Floor 1, The Centre, Tigné Point, Sliema TPO 0001, MEDIRECT BANK has established itself as a reliable institution within Malta's financial services sector. The bank's reputation for professional service and robust banking systems makes accurate SWIFT/BIC code usage particularly important. Errors in entering this code can result in processing delays or, in worst-case scenarios, financial losses.
SWIFT/BIC codes contain embedded information about the financial institution, including its location and identity. The code MBWMMTMT010 undergoes regular verification and updates by banking authorities to maintain accuracy. Whether processing commercial transactions or personal transfers, verification of the current SWIFT/BIC code remains essential.
Financial experts recommend confirming specific branch details with recipients when initiating international payments. While SWIFT/BIC codes identify the primary institution, certain accounts may require additional routing information for precise fund allocation. Providing complete banking details ensures funds reach their intended destination without complications.
Understanding and correctly using MEDIRECT BANK's SWIFT/BIC code represents more than procedural compliance—it serves as a fundamental safeguard in international finance. Attention to these technical details provides critical protection for funds moving across borders.