In the global financial network, the security and accuracy of cross-border remittances are paramount. Have you ever experienced delays or lost transfers due to an incorrect SWIFT code? This article provides a detailed overview of the SWIFT/BIC code UNILPKKATFC , helping you navigate international transactions with confidence and ensuring funds reach their intended destination safely.
UNILPKKATFC is the SWIFT/BIC code for United Bank Limited in Pakistan. Below are the key details associated with this code:
- Bank Name: United Bank Limited
- City: Karachi
- Address: Karachi, Sindh
- Country: Pakistan
What Is a SWIFT Code?
SWIFT codes are international standards used to identify banks and financial institutions worldwide. These codes ensure that funds are transferred swiftly and securely across borders. A SWIFT code typically consists of 8 to 11 alphanumeric characters, each segment providing specific information about the bank and its location.
Decoding UNILPKKATFC
The SWIFT code UNILPKKATFC can be broken down as follows:
- Bank Code (UNIL): Represents United Bank Limited.
- Country Code (PK): Indicates Pakistan as the bank's home country.
- Location Code (KA): Refers to the bank's headquarters region.
- Branch Code (TFC): Identifies a specific branch. If a SWIFT code ends with "XXX," it typically denotes the bank's primary office.
Ensuring a Smooth Transaction
When initiating an international transfer, selecting the correct SWIFT code is critical to avoid delays or misdirected payments. Follow these steps to ensure a seamless process:
- Verify the Bank: Confirm that the bank name matches the recipient's financial institution exactly.
- Check the Branch: If using a branch-specific SWIFT code, ensure the branch aligns with the recipient's account details.
- Confirm the Country: Double-check that the SWIFT code corresponds to the correct country where the recipient's bank is located.
The Importance of Accuracy
In an increasingly interconnected financial landscape, understanding SWIFT/BIC codes and their role in international banking is essential. Whether you are an individual or a business, using the correct SWIFT code is a fundamental step toward efficient and secure cross-border transactions.