When conducting international money transfers, ensuring the correct SWIFT/BIC code is crucial. This article focuses on BANQUE MISR's SWIFT code and how to securely use this information during the transfer process.
Understanding BANQUE MISR's SWIFT Code
Verifying the proper SWIFT code is a fundamental requirement for every sender. For BANQUE MISR, Egypt's largest bank headquartered in Cairo, the SWIFT code is BMISEGCX REC . This unique identifier contains specific information about the receiving bank, facilitating smooth fund transfers between financial institutions.
The bank's complete address is 105 Moustafa Kamel Street, Cairo, 11511 Egypt . This information should accompany the SWIFT code for complete transaction details.
Verification and Security Measures
Before initiating any international transfer, always verify that the SWIFT code represents the most current version. Banks periodically update their SWIFT information, and using outdated codes may result in failed transactions or delayed funds. For unfamiliar banking institutions, contacting the bank directly to confirm the SWIFT code's accuracy is strongly recommended to prevent potential financial losses.
SWIFT codes typically consist of 8 to 11 characters with the following structure:
- First 4 characters: Bank code (BMIS for BANQUE MISR)
- Next 2 characters: Country code (EG for Egypt)
- Following 2 characters: Location code (CX for Cairo)
- Final 3 characters (optional): Branch or department identifier (X REC)
Best Practices for International Transfers
When sending funds to BANQUE MISR, using the correct SWIFT code BMISEGCX REC is essential for timely delivery. Implementing these practices enhances transaction security:
- Double-check all recipient details before submission
- Verify the SWIFT code through official bank channels
- Review transaction confirmations carefully
- Keep records of all transfer documentation
Proper understanding and application of SWIFT/BIC codes are critical for successful international money transfers. Even minor coding errors can cause significant financial transaction delays. Maintaining updated SWIFT code information ensures funds reach their intended destination securely and efficiently.