When sending money internationally, ensuring your funds reach the correct bank account depends on one critical element: the SWIFT code. In Chișinău, Moldova, Joint-Stock Commercial Victoriabank provides customers with its unique SWIFT code to facilitate secure and efficient cross-border transactions.
Understanding Victoriabank's SWIFT Code
Victoriabank's SWIFT code is VICBMD2XXXX . The first four characters ("VICB") identify the bank, while "MD" represents Moldova. The remaining characters specify the branch and its location. Far more than a random sequence, this code serves as a vital tool in the global banking network, ensuring funds are transferred securely to their intended destination.
To send money to Victoriabank, always use the SWIFT code VICBMD2XXXX , along with the following details:
- Bank Name: Joint-Stock Commercial Victoriabank
- Bank Address: 31 August 1989, 141, Chișinău, MD-2004
- City: Chișinău
- Country: Moldova
Why SWIFT Codes Matter for International Transfers
International transactions are subject to various factors, including interbank agreements and the recipient country's financial regulations. The SWIFT network, the largest global financial messaging system, connects thousands of banks worldwide. Using the correct SWIFT code minimizes delays and reduces the risk of failed transactions.
Before initiating a transfer, verifying the SWIFT code is essential. Financial institutions like Victoriabank periodically update their details to ensure smooth transactions. Customers can confirm the latest information through the bank's official website or by contacting customer support.
Key Takeaways
SWIFT codes play an indispensable role in international money transfers, guaranteeing both security and efficiency. By using Victoriabank's correct SWIFT code— VICBMD2XXXX —senders can ensure their funds arrive accurately and without unnecessary delays, making cross-border transactions seamless and reliable.