In the financial world, cross-border remittances have become a routine part of daily life. When transferring funds to an overseas account, the correct use of a SWIFT code is crucial for ensuring the transaction's success.
Take BANCA DI SAN MARINO SPA as an example. Its SWIFT/BIC code, MAOISMSM 006 , is far more than just an identifier—it plays a vital role in international financial transactions. Whether you are in New York, Tokyo, or London, this code guarantees that your funds reach the intended destination: BANCA DI SAN MARINO SPA in Faetano, Italy.
Bank Details
- Bank Name: BANCA DI SAN MARINO SPA
- City: Faetano
- Address: Via Strada della Croce, 39, Faetano, FC, 47896
- Country: San Marino
When and How to Use a SWIFT Code
SWIFT codes are primarily used for international wire transfers. For instance, when sending money through an online banking platform, entering the correct SWIFT code ensures the funds are routed to the right institution. Beyond remittances, these codes are also essential for letters of credit, international payments, and other financial transactions.
To avoid delays or failed transactions, always verify the recipient's SWIFT code and bank details before initiating a transfer. Additionally, consulting with your bank about processing times and associated fees can help you make informed decisions.
Why Accuracy Matters
In today's globalized economy, the precision of financial transactions is non-negotiable. A SWIFT code is not just a random sequence of characters—it is the key to seamless cross-border money movement. Before your next international transfer, double-check the relevant bank’s SWIFT code to ensure your funds arrive safely and promptly.