When transferring funds across borders to a specific bank, a crucial question arises: How can one ensure the money reaches the intended account accurately? This is where the SWIFT code becomes indispensable. Take, for instance, HABIB BANK LIMITED , whose SWIFT code is HABBPKKA023 . This alphanumeric sequence is far more than a random combination—it is a vital safeguard for secure cross-border transactions.
Imagine sending money to a friend in Pakistan. Their account is held at HABIB BANK LIMITED , but without the correct SWIFT code, the transfer could face delays or, worse, end up in the wrong hands. So, what does HABBPKKA023 signify?
This code serves as a unique identifier for HABIB BANK LIMITED , functioning much like a fingerprint that pinpoints the bank’s exact location in Karachi. The institution’s address— ALVI CHAMBER, MR-1/162/163 NAPIER, MARKET QUARTER, KARACHI, SINDH, PAKISTAN —is tied to this code, ensuring transfers are routed securely to the correct destination.
The advantages of using SWIFT codes are significant. They not only expedite transactions but also minimize the risk of errors during processing. For international transfers, verifying the recipient’s SWIFT code—such as HABBPKKA023 —is essential to guarantee the safe and efficient movement of funds. Before initiating a transfer, always double-check the code to avoid mishaps and ensure a seamless transaction.