When conducting international wire transfers, using the accurate SWIFT/BIC code is essential. For Habib Bank Limited, the SWIFT code HABBPKKA023 identifies this Karachi-based Pakistani financial institution. Proper utilization of this code helps prevent delays and errors in fund transfers.
Established in 1920, Habib Bank Limited has built a reputation for reliable international banking services. The structure of its SWIFT code reveals important information: the first four letters "HABB" represent the bank's identity, "PK" denotes Pakistan's country code, while "KKA" specifies the particular branch. This complete SWIFT code serves as a unique identifier combining bank, country, and location details to ensure precise routing of cross-border payments.
When initiating transfers using SWIFT codes, users should pay attention to these critical aspects:
- Verify bank name: Confirm the recipient bank's name matches exactly with the provided information.
- Check branch details: When using a branch-specific SWIFT code, ensure it corresponds to the recipient's actual banking branch.
- Validate country information: The country code within the SWIFT must align with the destination bank's location to prevent international transfer complications.
Regular verification of SWIFT codes remains essential, particularly when banking institutions update their information. Maintaining vigilance about such changes helps facilitate seamless interbank transactions. The use of Habib Bank's SWIFT code not only guarantees efficient and secure fund transfers but also demonstrates the convenience of modern global financial networks.