In today’s interconnected global financial network, cross-border remittances have become indispensable for both business and personal transactions. Yet, many may overlook a seemingly minor detail that can significantly impact the security and speed of fund transfers: the SWIFT/BIC code. This unique identifier ensures secure communication between banks and is vital for seamless international transactions. Below, we provide essential details about the SWIFT code for the Central Bank of Egypt in Alexandria, equipping you with the knowledge to execute hassle-free transfers.
Key Details for the Central Bank of Egypt
The SWIFT/BIC code for the Central Bank of Egypt is CBEGEGCA . When initiating a transfer, accuracy in entering this code is paramount. Below are the bank’s full details:
- Bank Name: Central Bank of Egypt
- City: Alexandria
- Address: 3 Mahmoud Azmy Street, El Attarin, Alexandria, 11511
- Country: Egypt
Why Accuracy Matters
In cross-border transactions, even a single digit or letter out of place in the SWIFT/BIC code or address can lead to delays or misrouted funds. For instance, if you transfer $10,000 to a recipient in France, the final amount received—approximately €8,411—depends on the precision of the provided banking details. Correct information ensures the funds reach the intended account without unnecessary hold-ups or additional fees.
Best Practices for International Transfers
To safeguard your transactions, always verify the SWIFT/BIC code and address with the recipient’s bank before initiating a transfer. Additionally, periodically confirm whether the bank’s details have been updated, as changes in branch locations or codes can occur. By taking these precautions, you minimize risks and ensure smoother transactions.
Understanding the SWIFT code system and the specifics of the Central Bank of Egypt empowers you to navigate international transfers with confidence. Whether for business or personal purposes, this knowledge is a cornerstone of efficient and secure global banking.