In an era of increasingly interconnected global finance, international money transfers have become commonplace. However, behind this convenience lie numerous technical details that can significantly impact transaction success. Among these, the correct use of SWIFT/BIC codes proves particularly crucial. Today, we examine ARAB BANK PLC's SWIFT code—ARABJOAX104—and outline key considerations for international transfers.
Understanding SWIFT/BIC Codes
SWIFT codes, or Bank Identifier Codes (BIC), serve as critical tools for identifying banks and their branches worldwide. These alphanumeric sequences of 8-11 characters ensure international payments reach their intended destinations. For individuals and businesses engaged in global commerce, mastering these codes remains essential.
ARAB BANK PLC's SWIFT code, ARABJOAX104, follows strict formatting conventions. The first four letters (ARAB) identify the bank, followed by two letters (JO) designating Jordan as the country. The subsequent characters (AX) pinpoint the bank's location, while the final three digits (104) specify the particular branch. Accurate entry of this code directly determines whether funds arrive promptly and securely.
ARAB BANK PLC's Financial Services
Based in Mafraq, Jordan, with headquarters on King Faisal I Street (postcode 25110), ARAB BANK PLC has established itself as a provider of quality financial services. The institution's reputation stems from its commitment to customer service and financial security, offering tailored solutions for both individual and corporate clients.
Why SWIFT Code Accuracy Matters
Incorrect SWIFT codes frequently cause payment delays or misdirected funds, potentially incurring additional fees and complications. For instance, entering a similar but incorrect code might route money to the wrong financial institution, requiring time-consuming recovery procedures.
To prevent such issues, verify these critical details before initiating transfers:
1. Confirm the exact SWIFT/BIC code through official bank channels
2. Identify the specific branch location, as multiple branches within a city may have distinct codes
Additional Transfer Considerations
Beyond SWIFT codes, international transfers require precise beneficiary details including account numbers, full names, and addresses. Complete accuracy facilitates faster processing and minimizes errors.
Transfer fees represent another important factor, varying by transaction method, amount, and destination. ARAB BANK PLC maintains transparent fee structures, providing clear cost information based on transfer parameters.
Why Choose ARAB BANK PLC
ARAB BANK PLC combines reliability with efficient transfer mechanisms, offering comprehensive support for both personal and corporate international banking needs. The bank's experienced professionals streamline processes while delivering personalized guidance tailored to specific requirements.
Understanding SWIFT codes empowers customers to conduct international transactions with confidence. By selecting ARAB BANK PLC, clients benefit from professional financial services that prioritize security and efficiency, ensuring smooth cross-border payments.
Mastering these financial fundamentals not only facilitates successful transfers but also enhances overall financial literacy. When conducting international transactions, meticulous attention to detail remains paramount—a principle embodied in ARAB BANK PLC's approach to global banking services.