Financial security is paramount in international money transfers, and understanding a bank’s SWIFT/BIC code is critical to ensuring funds reach their intended destination without delays or errors. For those sending money to Arab Bank PLC, using the correct SWIFT code— ARABPS22080 —is essential to guarantee a smooth transaction.
Cross-border payments often raise concerns about safety and efficiency. Providing the accurate SWIFT code minimizes the risk of processing delays or misdirected funds. For instance, if a transfer remains pending unexpectedly, an incorrect SWIFT code may be the cause. Arab Bank’s SWIFT code, ARABPS22080 , is specifically designated for its branch in Qalqilya, Palestine.
A SWIFT code is a unique identifier consisting of 8 to 11 characters, acting as a precise address for financial institutions worldwide. In the case of ARABPS22080 , "ARAB" represents the bank’s name, "PS" denotes Palestine as the country, while "22" and "80" identify the specific location and branch. Verifying this code before initiating a transfer is crucial to avoid complications.
Before processing an international payment, it is advisable to confirm the SWIFT code with the recipient’s bank. This step enhances transaction security and accelerates fund delivery. A minor error in the code could lead to significant delays or even the loss of funds, making due diligence indispensable.
As global financial transactions become increasingly common—whether for bill payments, commerce, or investments—using the correct SWIFT code remains the foundation of secure cross-border transfers. By double-checking these details, senders can ensure their funds arrive promptly and safely.