When conducting international money transfers, selecting the right banking partner and ensuring the accuracy of SWIFT/BIC codes are crucial steps for efficient cross-border payments. This article examines the SWIFT/BIC code for SPAREBANK 1 SOR-NORGE ASA, providing essential information for seamless financial transactions.
Understanding the SWIFT/BIC Code: SPRONO22BNE
The SWIFT/BIC code for SPAREBANK 1 SOR-NORGE ASA is SPRONO22BNE . This alphanumeric identifier serves as the bank's unique fingerprint in international financial transactions, guaranteeing that funds reach their intended destination securely.
Headquartered in Bryne, Norway (postal code 4340, Time), this financial institution's SWIFT/BIC code contains specific components that facilitate global transactions:
- SPRONO - The bank's unique identifier
- NO - Country code indicating Norway
- 22 - Location code specifying the registered office
- BNE - Branch code (BNE indicates the main office, while XXX would signify the headquarters)
Why Accurate SWIFT/BIC Codes Matter
Correct SWIFT/BIC code usage prevents transaction delays and minimizes financial risks in international transfers. For individuals and businesses engaging in cross-border payments, understanding these codes is fundamental to successful money movement.
In today's interconnected financial landscape, proficiency with SWIFT/BIC codes has become an essential skill for anyone conducting international transactions. Verifying banking details before initiating transfers ensures smooth processing and protects against potential errors.