When making international transfers, the accuracy of SWIFT/BIC codes is critical to ensuring the security and timely delivery of funds. A single error can lead to delays, additional fees, or even failed transactions. This article provides an in-depth look at the SWIFT/BIC code structure for Egypt’s BANQUE MISR, helping you navigate potential pitfalls in cross-border payments.
Decoding BANQUE MISR’s SWIFT/BIC Structure
The SWIFT/BIC code for BANQUE MISR is divided into distinct sections, each serving a specific purpose:
- Bank Code (4 letters): "BMIS" identifies BANQUE MISR.
- Country Code (2 letters): "EG" designates Egypt.
- Location Code (2 letters): "CX" pinpoints the bank’s headquarters.
- Branch Code (3 letters): "FCC" specifies a particular branch. If the code ends with "XXX," it refers to the bank’s head office.
The complete SWIFT/BIC code for BANQUE MISR is BMISEGCXFCC , with the following details:
- SWIFT Code (8 characters): BMISEGCX
- Branch Code: FCC
- Bank Name: BANQUE MISR
- Address: BANQUE MISR TOWER
- City: CAIRO
Key Considerations for Error-Free Transfers
To minimize risks and ensure smooth transactions, follow these guidelines when using SWIFT/BIC codes:
- Verify the Bank Name: Confirm the recipient’s bank matches the name associated with the SWIFT code.
- Check Branch Specifics: If using a branch-specific code, ensure alignment with the recipient’s designated branch.
- Confirm the Country: Banks operate globally—double-check that the SWIFT code corresponds to the correct country.
Accurate SWIFT/BIC codes streamline international transfers while reducing errors and processing times. By understanding these details, senders can enhance the efficiency and security of their cross-border transactions.