Navigating international money transfers can be complex, with the correct SWIFT code being crucial for secure fund transfers. For those sending money to Banque Misr, one of Egypt's leading financial institutions, the specific SWIFT code BMISEGCXCOL ensures transactions reach their intended destination efficiently.
Bank Details
- Bank Name: Banque Misr
- City: Cairo
- Address: Banque Misr Tower, 153 Mohamed Farid Street, Cairo, 11511
- Country: Egypt
Decoding the SWIFT/BIC Structure
SWIFT/BIC codes consist of 8 to 11 alphanumeric characters that uniquely identify banks worldwide. The code BMISEGCXCOL breaks down as follows:
- Bank Code: BMIS (identifies Banque Misr)
- Country Code: EG (represents Egypt)
- Location Code: CX (indicates Cairo)
- Branch Code: COL (specific branch identifier)
Application in Financial Transactions
Whether supporting family members abroad, sending funds to friends, or conducting business payments, using the correct SWIFT code BMISEGCXCOL when transferring to Banque Misr is essential. This practice minimizes errors while enhancing transaction speed and security.
When initiating transfers, verify all details including recipient names, addresses, and banking information. Accurate SWIFT codes form a critical component of this data, helping prevent delays, unnecessary fees, and establishing credibility in international financial relationships.
Global Financial Literacy
In today's interconnected financial landscape, understanding SWIFT codes like BMISEGCXCOL represents fundamental knowledge for individuals and businesses engaging in cross-border transactions. Proper code usage ensures funds reach their destination promptly and accurately.