In international money transfers, ensuring funds reach the intended account accurately remains a primary concern for users worldwide. Each year, hundreds of millions of cross-border transactions face potential disruptions due to incorrect transfer information. This article details the essential information required for successful transfers to Arab Bank PLC.
Key Identification Codes
Arab Bank PLC utilizes SWIFT/BIC codes to process international transactions. The correct SWIFT code— ARABPS22050 —must be included in all transfers to ensure proper routing. This unique identifier enables global financial networks to recognize and process transactions efficiently.
Bank Location Information
The bank's headquarters operates from Manger Street in Bethlehem, Palestine. Including both the SWIFT code and this physical address minimizes processing delays and helps financial institutions verify transaction details.
Required Transfer Information
Individuals initiating international transfers must provide:
- Complete bank name (Arab Bank PLC)
- Correct SWIFT/BIC code
- Branch address details
- Beneficiary's full name
- Account number
Accuracy proves critical, as minor discrepancies may cause substantial delays or failed transactions. Verifying all details before submission helps prevent such issues.
Transaction Considerations
Transfer fees and processing times vary depending on:
- Transfer method selected
- Transaction amount
- Corresponding banking relationships
Financial institutions typically disclose these details through official channels, enabling customers to make informed decisions.
Transaction Monitoring
Maintaining communication with banking representatives facilitates resolution of potential issues. Retaining transaction confirmations and reference numbers assists in tracking fund movements if inquiries become necessary.
Understanding these transfer requirements helps individuals and businesses conduct international transactions with Arab Bank PLC efficiently, minimizing disruptions and ensuring successful fund transfers.