When conducting international money transfers, providing the correct SWIFT code is crucial to ensure the transaction is completed without delays or errors. Many individuals remain unfamiliar with this essential identifier, which can lead to complications in fund transfers. Today, we focus on the SWIFT/BIC code for Tanzania's NATIONAL BANK OF COMMERCE.
The SWIFT code for NATIONAL BANK OF COMMERCE is NLCBTZTX0T5 . The first eight characters, NLCBTZTX , identify the bank itself, while the following 0T5 represents the branch code, specifying the exact service location. This bank is situated in MWANZA, Tanzania, with the address: NYERERE ROAD, MWANZA, MWANZA, 33000. Regardless of the purpose of the transfer, using the accurate SWIFT code is vital.
Key Verification Steps Before Initiating a Transfer
- Bank Name Confirmation: Ensure the provided bank name matches the recipient's details precisely to minimize the risk of errors.
- Branch Verification: If the transfer is directed to a specific branch, confirm that the branch code in the SWIFT code aligns with the recipient's branch.
- Country Alignment: Banks often operate across multiple countries. Verify that the SWIFT code corresponds to the correct country where the recipient's bank is located.
Using the correct SWIFT/BIC code, NLCBTZTX0T5 , enhances the accuracy and speed of international transactions. It is important to note that SWIFT codes are not permanent and may change over time. Regularly verifying and updating this information is necessary to avoid discrepancies.
If there are any uncertainties regarding the SWIFT code or other transfer details, contacting NATIONAL BANK OF COMMERCE directly before proceeding with the transaction is strongly advised. In today's financial landscape, meticulous attention to every detail significantly impacts the security and efficiency of fund transfers.