When initiating an international funds transfer, understanding the importance of SWIFT/BIC codes is paramount. Many individuals have experienced delays or misdirected transfers due to incorrect codes. This article delves into the SWIFT code of BANQUE MISR and its significance in cross-border transactions.
BANQUE MISR, a prominent financial institution in Egypt, relies on its SWIFT/BIC code BMISEGCXREC to facilitate seamless international transfers. This code ensures funds reach their intended destination efficiently while minimizing errors that could lead to complications. A single correct code enables near-instantaneous transfers, whereas an incorrect one may result in days of delays and bureaucratic hurdles.
For those using BANQUE MISR for international transfers, several key details require attention. First, the bank’s address— 105 MOUSTAFA KAMEL STREET, CAIRO, EGYPT —must be accurately provided in transaction forms. Additionally, the SWIFT code BMISEGCXREC must be entered precisely to avoid processing failures. Errors in this code may necessitate time-consuming corrections with the bank.
In high-value international transactions, adhering to SWIFT/BIC code protocols significantly reduces risks and safeguards funds. Familiarity with these details ensures smoother transactions when using BANQUE MISR as a correspondent bank.
In summary, the proper use of SWIFT/BIC codes is indispensable for international fund transfers. Before initiating a transaction through BANQUE MISR, verifying the SWIFT code and bank details is essential to ensure secure and uninterrupted transfers.