When conducting international wire transfers, the correct use of SWIFT/BIC codes is critical. These codes not only ensure the accuracy of account details but also directly impact the timely delivery of funds. This article provides essential information about the SWIFT/BIC code for BANCA DI SAN MARINO SPA and its significance in cross-border transactions.
Key Details for BANCA DI SAN MARINO SPA
The SWIFT code for BANCA DI SAN MARINO SPA is MAOISMSM 010 . The bank is located in Dogana, San Marino, with its address at Via Campolungo, 59, Dogana, FC, 47891. The SWIFT system plays a vital role in international banking by uniquely identifying financial institutions and their geographic locations, facilitating seamless and error-free fund transfers.
Verification Steps Before Initiating a Transfer
To minimize risks and delays, individuals and businesses should take the following precautions before using a SWIFT code:
- Confirm the bank name: Ensure the recipient's bank name matches the institution associated with the SWIFT code to prevent discrepancies that could delay the transaction.
- Verify the branch details: If using a branch-specific SWIFT code, confirm that it corresponds to the recipient's branch. This is particularly important for large banks operating across multiple regions.
- Check the country information: The SWIFT code must align with the destination bank's country to avoid routing issues caused by geographic mismatches.
Regularly validating SWIFT codes is a fundamental responsibility for anyone involved in international transactions. Accurate codes not only expedite transfers but also help avoid unnecessary fees and complications.