In today's globalized financial landscape, cross-border payments have become an essential part of business operations and personal finance. The correct use of SWIFT/BIC codes plays a critical role in ensuring funds reach their intended destination accurately and efficiently.
Faysal Bank's Verified SWIFT Code
Faysal Bank Limited's official SWIFT code is FAYSPKKA118 . The bank is headquartered in Karachi's Clifton area at Quality Height, Clifton, KDA Scheme No.5, Karachi, Sindh, with postal code 75600. This SWIFT code undergoes regular verification and updates to maintain its accuracy for international transactions.
Importance of Correct SWIFT Code Usage
When initiating international transfers, verifying the recipient bank's SWIFT code is crucial. Using an incorrect code may result in:
- Delayed fund transfers
- Potential loss of funds
- Additional investigation fees
Financial institutions strongly recommend confirming the SWIFT code with both the sending and receiving banks before processing any international payment.
Required Information for International Transfers
To complete a successful transfer to Faysal Bank, the following details are typically required:
- Recipient's full name as registered with the bank
- Complete account number
- Recipient's branch address
- Purpose of payment (for regulatory compliance)
Digital Banking Solutions
Faysal Bank offers online banking services that facilitate international money transfers, providing customers with convenient options to manage cross-border payments. These digital solutions enable users to track transactions and maintain records efficiently.
The availability of verified SWIFT codes like FAYSPKKA118 provides individuals and businesses with reliable options for international financial transactions in an increasingly connected global economy.