In the realm of global financial transactions, SWIFT/BIC codes serve as the backbone of international wire transfers. These unique identifiers ensure that funds reach the intended financial institution securely and efficiently. A prime example is ALLIED BANK LIMITED , a Pakistan-based bank whose SWIFT code, ABPAPKKATRY , facilitates seamless cross-border payments.
Headquartered at ABL BUILDING, MAIN CLIFTON ROAD, BATH ISLAND, CLIFTON, KARACHI, SINDH, 75500, PAKISTAN , ALLIED BANK LIMITED relies on its SWIFT code to process international transactions. The accuracy of this code is particularly critical for high-value transfers, where even minor errors can lead to delays or misdirected funds.
Consider a scenario where a sender initiates a $10,000 transfer from the United States to France via ALLIED BANK LIMITED. By using the correct SWIFT code ABPAPKKATRY , the funds are routed precisely to the recipient’s account. The amount is typically converted to euros, resulting in the beneficiary receiving approximately €8,400 , depending on prevailing exchange rates.
Such transactions are usually completed within three business days , underscoring the efficiency of the SWIFT network in accelerating global financial flows. The system’s reliability has made it indispensable for businesses and individuals engaged in international commerce.
To avoid complications, senders are advised to double-check the SWIFT/BIC code and bank details before initiating any transfer. Verifying this information ensures a smooth transaction, saving both time and potential costs associated with errors.