When conducting international wire transfers, having the correct SWIFT/BIC code is crucial to ensure secure and efficient cross-border transactions. For customers of The Bank of Punjab, the SWIFT code BPUNPKKA 010 is required to process payments to and from overseas accounts.
Bank Details and Location
The Bank of Punjab’s SWIFT code corresponds to its branch in Faisalabad, Pakistan, with the address:
SMALL D GROUND, FAISALABAD, PUNJAB.
This identifier is used globally to facilitate transactions, ensuring funds reach the intended recipient without delays.
Using the SWIFT Code for Transfers
For instance, if sending $10,000.00 to France, the recipient would receive approximately €8,407.00, depending on the prevailing exchange rate and applicable fees. It is advisable to verify the current exchange rate and any associated charges before initiating a transfer.
Key Considerations
- Double-check the SWIFT code, recipient account details, and beneficiary information to minimize errors.
- Confirm banking details through official channels to prevent fraud or misdirected payments.
- Monitor updates to SWIFT codes or banking regulations, as changes may affect transaction processing.
Adhering to these guidelines helps streamline international wire transfers while maintaining security and accuracy.