When conducting international money transfers, have you considered how to ensure your funds reach the intended bank safely and efficiently? The SWIFT/BIC code serves as the crucial tool that makes this possible. Comprising 8 to 11 characters, this standardized code precisely identifies financial institutions worldwide.
Take BANK ALFALAH LIMITED as an example. Its SWIFT/BIC code ALFHPKKACCL follows a logical structure: The first four characters ( ALFH ) identify the bank, followed by the two-letter country code ( PK ) for Pakistan. The next two characters ( KA ) indicate the bank's headquarters location, while the final three ( CCL ) specify a particular branch. Notably, codes ending with "XXX" typically represent a bank's head office.
Using the correct SWIFT code proves absolutely vital to prevent processing delays or failed transactions. Before initiating any transfer, verify that the recipient's bank name matches exactly with the information provided during the transaction setup. This verification becomes particularly critical for international payments and cross-border dealings.
The physical address of BANK ALFALAH LIMITED at Floor 10, Fakhari Trade Center, Karachi serves as additional reference. This comprehensive information not only provides clarity about the institution but also emphasizes the importance of confirming SWIFT code accuracy before executing any financial transaction.
Understanding SWIFT/BIC codes and their proper application facilitates smoother international money transfers while providing reliable safeguards for global financial operations. This knowledge empowers individuals and businesses to conduct cross-border transactions with greater confidence and efficiency.