In an increasingly globalized world, cross-border payments have become a routine necessity for both individuals and businesses. Whether supporting family members abroad or financing commercial activities, the efficiency and security of fund transfers are paramount. Among the critical elements in this process, the correct use of SWIFT/BIC codes stands out as a fundamental factor in ensuring the safety and accuracy of international transactions.
Understanding ALLIED BANK LIMITED and Its SWIFT Code
ALLIED BANK LIMITED, established in Pakistan, boasts a rich history and extensive experience in financial services. Headquartered in Lahore—a prominent commercial hub—the bank maintains its offices at Floor 3/4, Kalma Tower, Tipu Block, Kalma Chowk, New Garden Town, Lahore, Punjab, 54700, Pakistan .
The bank's complete SWIFT/BIC code, ABPAPKKA979 , follows the standardized format developed by the Society for Worldwide Interbank Financial Telecommunication (SWIFT) to simplify international money transfers. This alphanumeric identifier typically consists of 8 to 11 characters, structured as follows:
- ABPA : Bank identifier
- PK : Country code for Pakistan
- KA : Location code for Lahore
- 979 : Optional branch identifier
The Importance of Accurate SWIFT Code Usage
Proper utilization of SWIFT codes significantly reduces transfer risks, ensuring funds reach the intended recipient's account securely and without delay. Errors in code entry may result in transaction processing delays or, in rare cases, lost funds. Therefore, verifying the accuracy of all banking details—including the SWIFT/BIC code—before initiating a transfer is crucial.
When conducting international transactions with ALLIED BANK LIMITED using ABPAPKKA979 , note that the standard format consists of an 8-character primary code ( ABPAPKKA ) followed by a 3-character branch identifier ( 979 ). These final digits specifically designate the recipient branch, ensuring precise fund delivery.
Best Practices for International Transfers
Before executing any cross-border payment, double-check all transaction details, including the recipient's full name and account number. While global banking systems are interconnected, individual financial institutions may have unique internal procedures and requirements. Maintaining accuracy throughout the transfer process helps safeguard international financial transactions.
For individuals unfamiliar with international banking protocols or those requiring clarification about specific transfer requirements, consulting with qualified banking professionals can provide valuable guidance and prevent potential complications.