In today's globalized financial landscape, cross-border transactions have become commonplace. Whether for intercompany fund transfers or personal remittances, understanding bank SWIFT codes is essential. For Arab Bank Plc branches in Palestine, accurate knowledge of these codes can save time and prevent errors in financial transactions.
Understanding SWIFT Codes
A SWIFT code (also called BIC) is an international standard defined by the Society for Worldwide Interbank Financial Telecommunication that facilitates global bank transfers. Each unique 8-11 character code identifies a specific financial institution. When sending or receiving international payments, ensuring the correct SWIFT code is crucial for secure and timely transactions.
About Arab Bank
Founded in 1930, Arab Bank is one of the Middle East's oldest financial institutions, headquartered in Jordan with branches across multiple countries. As an international bank, it offers comprehensive services including personal banking, corporate banking, investment services, and asset management. Its reputation for quality service has established it as a trusted name in global finance.
Locating Arab Bank's SWIFT Codes in Palestine
For international transactions, precise SWIFT codes are vital. Below is a detailed list of Arab Bank branches in Palestine with their corresponding codes:
1. Nablus Branch
- Address: Al-Hussein Circle, Arab Bank Building, Nablus
- SWIFT Code: ARABPS22020
2. Ramallah and Al-Bireh Branch
- Address: Al-Bireh
- SWIFT Code: ARABPS22030
3. Hebron Branch
- Address: Hebron
- SWIFT Code: ARABPS22040
4. Bethlehem Branch
- Address: Manger Street, Bethlehem
- SWIFT Code: ARABPS22050
5. Jenin Branch
- Address: Jenin
- SWIFT Code: ARABPS22060
6. Tulkarm Branch
- Address: Tulkarm
- SWIFT Code: ARABPS22070
7. Qalqilya Branch
- Address: Qalqilya
- SWIFT Code: ARABPS22080
8. Ramallah Al Masyoon Branch
- Address: Al Masyoon, Ramallah
- SWIFT Code: ARABPS22090
Alternative Solutions for Missing Codes
If a specific branch code isn't available, transactions can still be processed using Arab Bank's headquarters SWIFT code. However, providing the precise branch code streamlines the process and reduces potential delays.
Verification and Assistance
When encountering difficulties identifying the correct code, bank representatives can provide verification through official communication channels to prevent transactional errors.
Conclusion
Financial literacy in international transactions has become essential in our interconnected economy. For Arab Bank customers in Palestine, accurate SWIFT code knowledge significantly reduces transaction risks. Whether sending or receiving international funds, proper code verification remains fundamental for successful transfers.