In international financial transactions, the accuracy and security of SWIFT codes are critical. Many individuals and businesses conducting cross-border transfers often find themselves uncertain about the required details and how to organize them. In this context, the SWIFT code ARABPS22050 for ARAB BANK PLC serves as a key reference point. It not only identifies the bank but also ensures that funds reach the intended recipient’s account without complications.
ARAB BANK PLC is headquartered in Bethlehem, Palestine, with its specific address at Manger Street, Bethlehem, Palestine, State of. To avoid the risk of failed transactions, customers sending or receiving international payments must use the correct SWIFT code. Officially known as the "Society for Worldwide Interbank Financial Telecommunication" code, this identifier consists of 8 to 11 characters, guaranteeing uniqueness and facilitating seamless global financial transactions.
Understanding the Structure of ARAB BANK PLC’s SWIFT Code
The SWIFT code ARABPS22050 is composed of the following segments:
- ARAB : Represents the bank’s name, serving as its primary identifier.
- PS : Denotes the country code for Palestine.
- 22 : Specifies the bank’s particular location or region.
- 050 : Indicates a potential branch or subsidiary service.
Customers must always verify payment details, particularly the SWIFT code, to prevent unnecessary delays or financial losses. Many financial systems worldwide mandate the use of this code to authenticate transactions. An incorrect entry may result in misdirected funds or prolonged processing times. As a precaution, customers are advised to double-check all banking details before initiating transactions.
In addition to the SWIFT code, users typically need to provide supplementary information, such as the recipient’s full name, account number, and the bank’s physical address. These details, combined with the SWIFT code, ensure secure and timely fund transfers.
In summary, using ARAB BANK PLC’s SWIFT code ARABPS22050 is a crucial step in facilitating smooth international transactions. Verifying the accuracy and relevance of all related details before initiating a transfer provides a strong safeguard for financial operations.