In today's globalized financial landscape, accurate international money transfers are crucial for successful cross-border transactions and investments. Ensuring your funds reach their intended destination safely and efficiently requires careful attention to banking details, particularly the correct SWIFT/BIC codes.
STANDARD CHARTERED BANK KENYA LIMITED, headquartered at 48 Westlands Road, Chiromo, 00100 Nairobi, Kenya, provides comprehensive banking services to its clients. As a globally recognized financial institution, the bank plays a vital role in facilitating international money transfers and transactions. Its SWIFT/BIC code, SCBLKENXSSU , serves as a critical tool in this process.
SWIFT/BIC codes are unique identification numbers consisting of 8 to 11 characters that specify banks and their specific branches worldwide. Developed by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), this standardized system enables financial institutions to conduct fast and secure transactions across borders. The code structure typically includes: the bank code (first four characters: SCBL), country code (next two characters: KEN), and location code (following two characters: XSSU), which helps identify the bank's specific branch and service area.
Selecting the correct SWIFT/BIC code is paramount, as even minor errors can lead to delayed or lost transfers. When initiating international transactions, customers should always verify that the provided SWIFT/BIC code matches the recipient bank's official details. The advancement of financial technology has made this process easier, with many online platforms and mobile applications now incorporating SWIFT/BIC verification features for user convenience.
Understanding STANDARD CHARTERED BANK KENYA LIMITED's SWIFT/BIC code SCBLKENXSSU represents fundamental knowledge for anyone engaged in international banking. Whether sending or receiving funds across borders, using the accurate SWIFT code ensures smooth and secure financial transactions.