
When processing international wire transfers, selecting the correct SWIFT/BIC code is critical to ensure funds reach their intended destination without delays or complications. For transactions involving the National Bank of Moldova, accuracy in using the appropriate code is particularly important.
The standard SWIFT/BIC code for the National Bank of Moldova is NBMDMD2XXXX . This code guarantees that funds are routed correctly to the recipient’s account. However, it is worth noting that the bank may use different SWIFT/BIC codes for specific branches or services. Verifying the exact code required for your transaction is essential to avoid potential issues.
Understanding the SWIFT/BIC Code Structure
A SWIFT (Society for Worldwide Interbank Financial Telecommunication) code is a unique identifier consisting of 8 to 11 characters, assigned to financial institutions worldwide. For the National Bank of Moldova, the code breaks down as follows:
- NBMD – Represents the National Bank of Moldova.
- MD – Indicates the country (Moldova).
- 2XXXX – Typically designates a specific branch or service.
To confirm the precise SWIFT code for your transaction, it is advisable to contact the bank directly or consult the recipient to ensure all necessary details are correct.
Essential Information for International Transfers
In addition to the SWIFT/BIC code, the following details must be provided to facilitate a smooth transfer:
- Bank Account Number – Ensure the correct format is used, as specified by the recipient’s bank.
- Recipient Information – Full name and address of the beneficiary.
-
Bank Address
– The complete address of the National Bank of Moldova:
- Address: 1 Grigore Vieru Avenue
- City: Chisinau
- Country: Moldova, Republic of
Errors in any of these details may result in processing delays, additional fees, or failed transactions.
Conclusion
Before initiating an international wire transfer, double-check all required information, particularly the SWIFT/BIC code and account details. The National Bank of Moldova’s primary SWIFT code, NBMDMD2XXXX , is a key component for successful transactions. Ensuring accuracy will safeguard your funds and streamline the transfer process.