In today's rapidly evolving global economy, cross-border transactions have become an integral part of daily life. Yet many may not realize that the crucial element ensuring successful international transfers is the correct use of SWIFT/BIC codes.
Take ALLIED BANK LIMITED as an example. This Pakistan-based financial institution operates with the SWIFT code ABPAPKKARDA . Using this precise code guarantees that funds will reach their intended destination at the bank's headquarters in Lahore, Punjab.
The bank's complete address is: Floor 6, Tipu Block, 3,4 New Garden Town, Lahore, Punjab, 54000, Pakistan . When initiating transfers to this institution, providing the exact SWIFT code is paramount. This alphanumeric sequence directly impacts both the security and timely delivery of funds, preventing unnecessary delays or failed transactions caused by coding errors.
Understanding how SWIFT codes function empowers individuals and businesses in international finance. These codes, administered by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), typically contain 8-11 characters. The first eight identify the specific bank, while the optional last three designate particular branches. Those uncertain about a recipient's SWIFT code can typically obtain accurate information through bank websites or customer service channels.
While international transfers require additional details like recipient information and transaction amounts, the SWIFT code remains the linchpin of successful transactions. Financial experts recommend verifying all transfer details with recipients beforehand, but emphasize that the correct SWIFT code is the non-negotiable foundation of any cross-border payment.
For frequent international transactions, maintaining a record of commonly used SWIFT codes proves invaluable. In the case of ALLIED BANK LIMITED, ABPAPKKARDA serves as both a transactional key and a safeguard for fund movement. Mastering this element of the transfer process eliminates unnecessary stress, allowing senders to await transaction completion with confidence. Whether for personal remittances or commercial payments, proper SWIFT code usage ensures seamless international money movement.