In the complex world of international money transfers, ensuring the secure and accurate delivery of funds to the intended recipient is paramount. When sending money to BANQUE MISR, one of Egypt's leading financial institutions, using the correct SWIFT/BIC code—BMISEGCXXXX—is essential. This unique identifier helps banks swiftly recognize the institution and prevents potential errors during the transfer process.
About BANQUE MISR
Established in 1920, BANQUE MISR is one of Egypt's foremost commercial banks, playing a pivotal role in the country's economy. Headquartered at the BANQUE MISR TOWER in Cairo, its address is 153 Mohamed Farid Street, Cairo, Egypt, with the postal code 11511.
What Is a SWIFT Code?
A SWIFT code, also known as a Bank Identifier Code (BIC), is an 8-to-11-character alphanumeric identifier used to distinguish banks and financial institutions worldwide. When conducting cross-border transactions, providing the correct SWIFT code is crucial to ensure funds pass through the necessary channels without delays or errors.
Why Using the Correct SWIFT Code Matters
Whether for personal remittances or corporate payments, accurately entering the SWIFT code BMISEGCXXXX minimizes risks associated with fund transfers. An incorrect code can lead to misrouted payments, delays, or even loss of funds. Verifying the SWIFT code ensures a smooth and reliable transaction process.
How to Find the Correct SWIFT Code
When initiating an international transfer, confirm not only the SWIFT code but also the recipient bank's full details, including its name and address. Double-checking this information prevents complications caused by inaccuracies.
Key Tips for Secure Transfers
- Contact your bank before initiating a transfer to verify the SWIFT code and recipient details.
- Ensure all provided information matches the records of the recipient bank.
- Keep transaction records for reference in case of discrepancies.