When sending money across borders, ensuring funds reach the intended bank account accurately is crucial. For international wire transfers, the SWIFT/BIC code plays a vital role as the key to successful delivery. This article explains the SWIFT code for ARAB BANK PLC and how to use it properly for global transactions.
Understanding ARAB BANK PLC's SWIFT Code
ARAB BANK PLC's SWIFT code is ARABPS22080 , corresponding to its branch in Qalqilya, Palestine. This unique alphanumeric combination helps financial institutions precisely identify banks worldwide.
What Is a SWIFT Code?
Also known as a Bank Identifier Code (BIC), a SWIFT code follows an international standardization system where each combination is unique. Comprising 8-11 characters, the first four letters represent the bank name, while subsequent characters identify location and branch specifics. For ARAB BANK PLC, ARABPS22080 not only identifies the institution but also confirms its Qalqilya location.
When You Need a SWIFT Code
Providing the correct SWIFT code is essential for international transfers. For example, when sending funds from China to ARAB BANK in Palestine, you must include complete recipient details: the beneficiary's name, address, and the bank's SWIFT code ARABPS22080 . These elements ensure proper account crediting.
Verifying SWIFT Codes
Before initiating any international transfer, always verify the SWIFT code's accuracy. This precaution prevents transfer delays due to incorrect codes and enhances transaction security. You can confirm code validity through the bank's official website or reputable financial service platforms. Proper verification leads to smoother cross-border transactions.
In today's global financial landscape, understanding SWIFT codes is fundamental for protecting your money during transfers. For those sending funds to ARAB BANK PLC, remembering SWIFT code ARABPS22080 is critical. Whether for personal remittances or business payments, accurate banking information and correct SWIFT codes guarantee secure and successful fund transfers to their destination.