In the global financial network, the accurate identification and use of SWIFT/BIC codes are crucial for ensuring secure and smooth fund transfers. For individuals and businesses engaging in international financial transactions with Palestine, knowing the correct SWIFT code of the Palestine Monetary Authority (PMA) is particularly important.
The PMA serves as Palestine's central bank, responsible for monetary policy and financial system regulation. Its SWIFT/BIC code, PMAPPS22ECC , not only identifies the institution but also ensures that international transfers reach their intended accounts accurately. This 11-character code precisely locates both the bank and its specific branch.
Key Information for International Transfers
The complete details for international transactions with the Palestine Monetary Authority are:
- Bank Name: Palestine Monetary Authority
- City: Al-Bireh
- Address: Al-Irsal Street, PMA Building, Al-Bireh, Ramallah and Al-Bireh
- Country: State of Palestine
When sending funds to the PMA, using the correct SWIFT code is essential for timely and secure delivery. This applies to various transaction types including international payments, foreign exchange operations, and personal transfers.
Ensuring Transaction Accuracy
Special care should be taken when using SWIFT codes for financial transactions. Before initiating any transfer, double-checking the code and associated bank information can prevent unnecessary delays. As international financial regulations and banking systems evolve, maintaining up-to-date knowledge of SWIFT codes becomes increasingly important.
The Palestine Monetary Authority's SWIFT/BIC code serves as a critical tool for international financial operations. Whether for business or personal purposes, proper use of this code helps maintain the security and accuracy of fund transfers. Understanding and correctly applying these financial instruments provides users with greater convenience and protection in international transactions.