When making international transfers, incomplete banking information often causes confusion. Correct use of SWIFT/BIC codes proves essential for ensuring funds reach their intended destination accurately. This article examines the SWIFT code SPRONO22HAU, belonging to Norway's SPAREBANK 1 SOR-NORGE ASA.
SWIFT codes (also called BIC codes) serve as unique identifiers for banks and their branches worldwide, comprising 8 to 11 characters. The code SPRONO22HAU breaks down into meaningful components: the first four letters "SPRO" identify SPAREBANK 1 SOR-NORGE ASA, followed by "NO" indicating Norway as the country. The location code "22" specifies the bank's headquarters, while "HAU" pinpoints a particular branch.
International transfers demand precise SWIFT code verification to prevent delays or misdirected funds. Proper code usage enhances transaction efficiency and minimizes operational issues. For individuals and businesses conducting cross-border transactions, understanding the relevant SWIFT code remains fundamental.
When initiating international transfers, always confirm the SWIFT code's accuracy with the involved financial institutions. This verification step safeguards against potential errors and ensures secure fund transfers.