International money transfers can sometimes encounter delays or errors, often due to incorrect banking information. One crucial element in ensuring smooth cross-border transactions is using the proper SWIFT/BIC code. This article provides a comprehensive overview of SONERI BANK LIMITED's SWIFT code and related banking details to facilitate secure and efficient international transfers.
Key Banking Information
SONERI BANK LIMITED's official SWIFT/BIC code is SONEPKKACLH , which uniquely identifies the bank in international financial transactions. The bank's headquarters are located at 49/2-B Circular Road, Lahore, Punjab, Pakistan.
This alphanumeric code serves as a global identifier that enables financial institutions worldwide to route payments accurately to SONERI BANK LIMITED. The code contains specific information about the bank and its location, ensuring funds reach their intended destination without unnecessary delays.
Why Correct SWIFT Codes Matter
Using the precise SWIFT code SONEPKKACLH when transferring funds to SONERI BANK LIMITED is essential for several reasons:
1. Transaction Speed: Correct codes facilitate faster processing by eliminating the need for manual intervention to identify the recipient bank.
2. Accuracy: The standardized format minimizes errors that could divert funds to incorrect accounts or institutions.
3. Security: SWIFT's secure messaging system provides an additional layer of protection against fraudulent transactions.
Best Practices for International Transfers
When initiating transfers to SONERI BANK LIMITED, financial experts recommend:
- Verifying the SWIFT code with the recipient before initiating the transfer
- Double-checking all account details along with the SWIFT code
- Confirming any intermediary bank requirements for specific currencies
- Being aware of cutoff times for same-day processing
The bank periodically updates its SWIFT information, though changes are infrequent. Customers should always verify they're using the most current code through official banking channels before initiating significant transfers.
Understanding SWIFT Code Structure
The code SONEPKKACLH breaks down as follows:
- SONE : Bank code for SONERI BANK LIMITED
- PK : Country code for Pakistan
- KA : Location code for Lahore
- CLH : Branch identifier (optional)
This standardized format allows financial institutions worldwide to process transactions efficiently while maintaining rigorous security protocols.