In the realm of global banking transactions, SWIFT/BIC codes serve as the backbone of financial operations. These unique identifiers ensure that funds are transferred accurately to the intended accounts while minimizing delays or errors. Today, we examine the SWIFT/BIC code for BC MOLDOVA - AGROINDBANK S.A.: AGRNMD2XXXX .
Decoding the SWIFT/BIC Structure
A SWIFT/BIC code consists of 8 to 11 characters, each segment carrying specific information:
- Bank Code (AGRN) : The first four letters uniquely identify BC MOLDOVA - AGROINDBANK S.A.
- Country Code (MD) : The two-letter code designates the bank's location in Moldova.
- Location Code (2X) : These two characters pinpoint the bank's headquarters.
- Branch Code (XXX) : The final three characters specify a particular branch. A code ending with "XXX" typically denotes the bank's head office.
Thus, the complete SWIFT/BIC code for AGROINDBANK S.A. is AGRNMD2XXXX .
Verifying SWIFT Codes: Best Practices
Given the critical role of SWIFT codes in international transfers, verification is essential to prevent errors:
- Bank Name Accuracy : Cross-check the recipient bank's name to avoid discrepancies caused by misspellings.
- Branch Validation : If using a branch-specific SWIFT code, confirm it matches the recipient's branch details.
- Country Alignment : Ensure the SWIFT code corresponds to the bank's actual jurisdiction, as global institutions may have multiple codes.
Conclusion
In an era of cross-border financial transactions, understanding and correctly applying SWIFT/BIC codes is indispensable. For BC MOLDOVA - AGROINDBANK S.A., the code AGRNMD2XXXX is the key to seamless international transfers. Diligent verification of banking details safeguards against errors, ensuring secure and efficient fund transfers for all parties involved.