In international money transfers, ensuring funds reach their destination accurately and promptly is paramount. For those sending money to Faysal Bank Limited, particularly to its branch in Mirpur, Pakistan, understanding the correct SWIFT/BIC code is essential for a seamless transaction.
The Vital SWIFT Code: FAYSPKKA116
Faysal Bank Limited's unique identifier for international transfers is the SWIFT code FAYSPKKA116 . This code serves as the bank's international banking address, ensuring funds are routed correctly through the global financial network. The bank is located at 121-B Chowk Kutcheri, Mirpur, Azad Jammu and Kashmir, 22631, Pakistan .
SWIFT codes, officially known as Bank Identifier Codes (BIC), are standardized by the Society for Worldwide Interbank Financial Telecommunication. These codes are crucial for international payments, acting as unique identifiers that facilitate efficient and secure movement of funds across borders.
Accuracy Matters in International Transfers
When initiating a transfer to Faysal Bank Limited, it is critical to verify that all information matches exactly with the bank's records. This includes:
- The complete SWIFT code (FAYSPKKA116)
- The precise bank name (Faysal Bank Limited)
- The exact branch address in Mirpur
- The recipient's account details
Even minor discrepancies in this information can lead to delays or failed transactions. Financial institutions typically cannot process transfers without complete and accurate SWIFT code information.
Faysal Bank's Role in Global Finance
As a prominent financial institution serving primarily Sunni Muslim customers, Faysal Bank Limited has established itself as a reliable partner for both personal and commercial international transactions. The bank's infrastructure supports efficient processing of cross-border payments, making it accessible for customers worldwide.
Beyond verifying the SWIFT code, customers initiating international transfers should confirm any applicable fees, exchange rates, and processing times with their sending institution. Maintaining open communication with both the sending and receiving banks helps prevent potential issues and ensures a smooth transfer process.