In the global financial network, ensuring the safe and efficient transfer of funds is a critical challenge for anyone conducting cross-border transactions. One common hurdle is the correct use of SWIFT codes, which are essential for directing funds to the right bank. For those sending money to ARAB BANK PLC in Jordan, the SWIFT code ARABJOAX107 provides a reliable solution.
Understanding ARAB BANK PLC’s SWIFT Code
The SWIFT code ARABJOAX107 is assigned to ARAB BANK PLC, a leading financial institution in Jordan. Below are the key details associated with this code:
- Bank Name: ARAB BANK PLC
- City: Jerash
- Address: King Abdullah St, Jerash, 26110
- Country: Jordan
Why SWIFT Codes Matter
SWIFT codes are indispensable for international money transfers. They ensure funds reach the intended bank promptly while minimizing errors and delays. When using the code ARABJOAX107 , keep the following in mind:
- Verify Bank Information: Confirm the SWIFT code matches ARAB BANK PLC.
- Check Branch Details: Ensure the branch name aligns with the bank’s records.
- Confirm Destination Country: Double-check that Jordan is correctly specified to avoid processing delays.
Breaking Down the SWIFT Code Structure
SWIFT/BIC codes typically consist of 8 to 11 characters, each serving a distinct purpose:
- First 4 Characters (ARAB): Bank code, identifying ARAB BANK PLC.
- Next 2 Characters (JO): Country code for Jordan.
- Following 2 Characters (AX): Location or branch code.
- Last 3 Characters (107): Optional branch identifier for further precision.
Why Choose ARAB BANK PLC?
ARAB BANK PLC is a trusted name in financial services, known for its reliability and efficiency. By using its SWIFT code ARABJOAX107 , customers benefit from secure and streamlined transactions, whether for personal remittances or business payments.
Final Thoughts
In today’s interconnected financial landscape, selecting the correct SWIFT code is crucial. For transfers to ARAB BANK PLC in Jordan, the code ARABJOAX107 guarantees accuracy and speed. Always verify the details to enhance your transaction experience.