In global banking transactions, ensuring funds reach their intended destination accurately is the primary concern of every sender. The use of SWIFT codes plays a pivotal role in achieving this objective. Taking Arab Bank PLC as an example, understanding the importance of its SWIFT/BIC code helps clients complete cross-border transfers successfully.
Arab Bank's SWIFT/BIC code is ARABPS22030 . Each letter and number in this code contains specific information that enables global banks to identify and process transactions. When initiating an international transfer to Arab Bank, it is essential to use this exact code and input it completely into the banking system.
The bank's headquarters are located in Al-Bireh, Palestine, with the specific address in Ramallah and Al-Bireh. Accurate knowledge of the bank's city and country information is equally crucial for successful transactions, as incomplete address details may cause transfer delays.
SWIFT codes serve not only as vital communication tools between international banks but also as safeguards for precise fund routing. Using an incorrect SWIFT code may result in delayed transfers or even failed transactions. Therefore, verifying the SWIFT code before initiating any transfer is strongly recommended.
For additional security, clients should double-check recipient details, bank name, and address information along with the SWIFT code. These verifications significantly enhance the safety and accuracy of international transfers. Attention to every detail ensures funds reach their designated accounts securely and efficiently.