In international money transfers, the safety and timeliness of fund delivery are paramount concerns for every customer. A critical component of this process is the correct use of SWIFT/BIC codes, which serve as unique identifiers for financial institutions worldwide.
For BANQUE MISR, the SWIFT code BMISEGCX TRF acts as both a bank identifier and a crucial routing mechanism to ensure accurate delivery of funds. This 8-11 character code precisely directs transfers to the bank's specific branch.
Key Steps for Using SWIFT Codes
When initiating an international transfer through BANQUE MISR or any other financial institution, follow these essential steps:
- Verify Bank Details : Confirm the exact bank name and address. For BANQUE MISR, the correct address is: BANQUE MISR TOWER, 153 MOHAMED FARID STREET, CAIRO, 11511, EGYPT. Incorrect information may delay or misdirect your transfer.
- Use the Correct SWIFT/BIC Code : The code BMISEGCX TRF must be included for all international transactions involving BANQUE MISR. This applies to both personal remittances and corporate transfers.
- Double-Check Transaction Details : Before finalizing any transfer, verify all recipient information including name, account number, and banking details. Standard processing times range from 1-5 business days.
Important Considerations
Users should be aware of common pitfalls when working with international transfer codes:
- SWIFT/BIC codes should not be confused with IBAN numbers, which serve different purposes in the transfer process
- Transfers to incorrect SWIFT codes may result in processing delays or additional fees
- Some financial institutions may require additional intermediary bank information for certain transactions
In today's globalized financial landscape, proper understanding and use of SWIFT/BIC codes represents a fundamental requirement for efficient and secure international money transfers. The precision of these banking identifiers helps ensure smooth transactions across borders.