In today's global financial landscape, an increasing number of individuals and businesses rely on cross-border remittances to meet their financial needs. However, ensuring the security and accuracy of these transactions—particularly when sending funds to destinations like Egypt—remains a top concern for many. If you need to transfer money to BANQUE MISR in Egypt via bank transfer, understanding the correct SWIFT/BIC code and other essential details is crucial.
The Importance of the SWIFT/BIC Code
When conducting international wire transfers, the SWIFT/BIC code serves as a critical identifier. This standardized code ensures that funds are routed to the correct bank and branch. For transfers to BANQUE MISR, the required SWIFT/BIC code is BMISEGCXTRF . Verifying this code before initiating a transfer minimizes errors and delays.
Key Details for Transferring Funds to BANQUE MISR
Below are the essential details required for a successful transfer:
- Bank Name: BANQUE MISR
- SWIFT/BIC Code: BMISEGCXTRF
- City: Cairo
- Address: Banque Misr Tower, 153 Mohamed Farid Street, Cairo, 11511, Egypt
Note that SWIFT codes may be updated periodically, so reconfirming this information before initiating a transfer is advisable.
Transfer Process and Associated Fees
For example, if you transfer $10,000.00 (USD), the recipient may receive approximately €8,408.00 (EUR), depending on the exchange rate at the time of transfer. Some banks or platforms may charge fees for international transfers, though in this case, no additional sending fees apply. If processing the transfer directly through a bank, automatic debit may be used to complete the transaction.
Best Practices for Secure International Transfers
To ensure a smooth and secure transfer, follow these guidelines:
- Verify the SWIFT/BIC Code: Double-check the code to prevent misrouting of funds.
- Confirm Bank Details: Ensure the recipient's bank name, address, and country are accurate.
- Use Reputable Platforms: For added security, consider using well-established online remittance services with transparent processes.
- Keep Records: Retain transaction receipts and confirmation details for future reference or dispute resolution.
By adhering to these steps and confirming the necessary banking details, you can facilitate a seamless and secure transfer to BANQUE MISR in Egypt.