When conducting international wire transfers, using the correct SWIFT/BIC code is crucial to ensure the security and success of the transaction. For customers looking to send funds to Libya, the SWIFT code for the Bank of Commerce & Development (L.J.S.C.) is CDBLLYLT019 . The bank is located in Ejdabia, with the exact address: AL HELAL ALAHMER, BENGHAZI STREET, EJDABIA, AL WAHAT, LIBYA .
The Importance of Correct SWIFT Codes
International wire transfers rely heavily on accurate SWIFT/BIC codes to route funds to the correct financial institution. Any discrepancy in the code may result in delays, additional fees, or even failed transactions. Therefore, verifying the SWIFT code CDBLLYLT019 before initiating a transfer is essential to avoid potential financial losses.
The Bank of Commerce & Development (L.J.S.C.) serves as a key financial institution in Libya, offering efficient banking services for both individuals and businesses. Its international wire transfer services provide reliable solutions for cross-border fund movements. However, given the dynamic nature of global financial regulations, SWIFT codes may occasionally be updated. Staying informed about the latest banking details is critical for customers.
Key Steps Before Initiating an International Transfer
Before processing an international wire transfer, customers should verify the following details:
- Confirm the recipient bank’s SWIFT/BIC code – Ensure the code matches the official records.
- Double-check the recipient’s account details – Incorrect account numbers may lead to failed transfers.
- Understand applicable fees and processing times – Some transactions may incur additional charges or take longer to complete.
- Review financial regulations in the destination country – Compliance with local banking laws is necessary to prevent legal issues.
Should any uncertainties arise during the process, contacting the bank’s customer support team is highly recommended to ensure a smooth transaction.
Final Recommendations
To guarantee seamless international wire transfers, customers must verify all transaction details, including the SWIFT code, recipient account information, and applicable policies. Taking these precautions minimizes the risk of delays or financial losses due to incorrect data.