In the global financial network, accurate transfer information is crucial for ensuring both the security and timely delivery of funds. Understanding how to properly use SWIFT/BIC codes can make the difference between a seamless international transaction and a costly banking error.
United Bank Limited (UBL), headquartered in Karachi, Pakistan, stands as one of the country's leading financial institutions. For international transfers to UBL, the specific SWIFT code UNILPKKATFC serves as the key identifier to ensure funds reach the correct bank and branch.
SWIFT codes, consisting of 8 to 11 alphanumeric characters, function as unique identifiers for banks and their branches worldwide. The structure of UBL's code reveals important information: the first four letters ( UNIL ) represent the bank's abbreviated name, followed by two letters ( PK ) indicating Pakistan as the country. The subsequent two letters ( KA ) identify Karachi as the city, while the final three characters ( TFC ) typically designate a specific branch or service.
When initiating an international transfer to United Bank Limited, senders must provide not only the correct SWIFT code but also the recipient's precise account details and full name. Even minor discrepancies in this information can result in delayed transactions or misdirected funds. Financial institutions emphasize the importance of double-checking all transfer details before submission.
The transfer process itself remains straightforward. Customers can initiate transactions through their bank's online platform or in-person services by completing the required forms with the recipient's information and the UNILPKKATFC SWIFT code. Most transfers reach their destination within a short timeframe, though processing periods may vary depending on intermediary banks and countries involved.
For both personal remittances and corporate transactions, accurate SWIFT/BIC codes serve as the foundation of secure international banking. Proper use of these identifiers not only enhances transaction efficiency but significantly reduces the risk of financial complications that can arise from incorrect routing information.