In today's globalized economy, international money transfers have become a routine necessity. However, ensuring that funds arrive quickly and securely remains a common concern, particularly when dealing with cross-border banking transactions. One crucial element in this process is understanding the relevant SWIFT/BIC codes.
The Importance of SWIFT Codes
When transferring funds to ARAB BANK PLC in Jordan, the required SWIFT code is ARABJOAX108. This unique identifier serves as the bank's international address, ensuring your money reaches the correct financial institution.
Headquartered in Amman at Quraish Street, Saqf Al Sail (postal code 11118), ARAB BANK PLC requires this specific code for all incoming international transfers. Using the correct SWIFT/BIC code forms the foundation of successful cross-border transactions, acting as a digital fingerprint that guarantees accurate delivery of funds.
Decoding ARABJOAX108
SWIFT codes typically consist of 8 to 11 characters, each conveying specific information. The code ARABJOAX108 breaks down as follows:
- The first four characters "ARAB" represent the bank code
- The following two characters "JO" indicate the country code for Jordan
- The "AX" segment identifies the city (Amman)
- The final three digits "108" specify the particular branch location
When to Use This SWIFT Code
The ARABJOAX108 code becomes essential whenever sending international transfers to ARAB BANK PLC. This applies to both personal remittances and business transactions. The code not only facilitates precise delivery of funds but also enhances the efficiency and security of cross-border payments.
Verification Matters
Before initiating any international transfer, it's crucial to verify that the SWIFT code matches the recipient bank's information. Errors in this detail can lead to significant delays or even result in lost funds. Financial institutions strongly recommend double-checking all transfer details before submission.
Proper use of ARAB BANK PLC's SWIFT code ARABJOAX108 ensures smooth international money transfers. Whether supporting family members abroad or conducting business transactions, attention to these financial details guarantees that funds reach their intended destination securely and efficiently.