Every step in an international money transfer is crucial, and the accuracy of SWIFT/BIC codes plays a particularly vital role. For those conducting transactions involving Moldova’s National Bank, knowing the correct SWIFT/BIC code ensures seamless transfers without delays or errors.
The SWIFT/BIC code for the National Bank of Moldova is NBMDMD2XXXX . This code serves as both an identifier for the bank and a foundational element for successful international transactions. Below is a detailed breakdown of its components.
1. Decoding the SWIFT/BIC Structure
Bank Code: NBMD
This segment represents the "National Bank of Moldova," serving as its unique identifier in global financial transactions.
Country Code: MD
The two-letter country code designates Moldova, confirming the destination of the transfer.
Location Code: 2X
This part specifies the bank’s physical location, ensuring funds are routed to its primary account.
Branch Code: XXX
When the branch code appears as "XXX," it indicates that the transaction will be processed at the bank’s headquarters rather than a subsidiary branch.
Understanding these components helps minimize errors and facilitates smoother international transfers.
2. Key Details About the National Bank of Moldova
The National Bank of Moldova is headquartered in Chișinău, the country’s capital. Its official address is:
Grigore Vieru Avenue 1, Chișinău, MD-2005, Republic of Moldova.
As a pivotal financial institution, the bank supports Moldova’s economic stability through a range of monetary services.
3. Transfer Process and Considerations
When initiating an international transfer to the National Bank of Moldova, keep the following in mind:
Recipient Currency
Transfers are typically processed in euros (EUR), as Moldova’s international transactions predominantly use this currency for transparency and convenience.
Processing Time
Funds usually arrive within three business days after the final automated clearing process. Planning ahead is advisable to meet deadlines.
SWIFT/BIC Code Accuracy
Always verify the correct code— NBMDMD2XXXX —to prevent delays caused by incorrect details.
By familiarizing yourself with these guidelines, you can navigate international transfers to Moldova with greater confidence and efficiency.