In today's globalized financial environment, cross-border remittances have become an essential component of daily transactions for both individuals and businesses. However, many may underestimate the importance of accurate SWIFT/BIC codes in ensuring smooth international transfers.
An incorrect or invalid SWIFT code can lead to significant delays in fund transfers, posing substantial risks for those requiring fast and reliable transactions. This is particularly crucial when dealing with time-sensitive payments or business operations.
Key Banking Information
Bank Name: HABIB BANK LIMITED
City: KARACHI
Address: M.A. JINNAH ROAD, KARACHI, SINDH, 74200
Country: PAKISTAN
SWIFT Code: HABBPKKA
Transfer Example
When transferring $10,000 to France through HABIB BANK LIMITED, the recipient would receive approximately €8,406. Such transactions typically require three working days for completion. Notably, direct debit transfers may incur zero fees, making this option particularly attractive for cost-conscious customers.
Verifying SWIFT Code Accuracy
Before initiating any international transfer, verifying the accuracy of the SWIFT code is paramount. Consider these essential verification points:
- Bank Verification: Confirm the bank name matches the recipient's financial institution precisely to prevent unnecessary processing delays.
- Branch Confirmation: When using branch-specific SWIFT codes, ensure the designated branch corresponds exactly with the recipient's bank location.
- Country Validation: Different countries may have similar SWIFT codes. Double-check that the code corresponds to the correct destination country to prevent misdirected funds.
Thorough verification of SWIFT codes and related banking details significantly reduces potential complications in cross-border transactions. Whether for personal remittances or corporate transfers, ensuring secure and efficient fund movement remains the highest priority in international banking operations.