In modern financial transactions, accurate data transmission is critical. For international wire transfers, providing a bank's SWIFT/BIC code ensures funds are routed securely and efficiently. Here’s how to properly interpret and use BANK OF AFRICA’s SWIFT/BIC code.
Decoding the SWIFT/BIC Structure
A SWIFT/BIC code consists of 8 to 11 alphanumeric characters that uniquely identify a bank and its branch globally. For BANK OF AFRICA, the code BMCEMAMCXXX breaks down as follows:
- Bank Code (BMCE): The first four letters designate BANK OF AFRICA.
- Country Code (MA): The next two letters indicate Morocco as the bank’s registered country.
- Location Code (MC): Two characters specify the bank’s headquarters.
- Branch Code (XXX): The final three characters (often "XXX") denote the bank’s primary office if no specific branch is listed.
Full SWIFT Code:
BMCEMAMCXXX
8-Character Code: BMCEMAMC
Branch Code: XXX
Bank Name: BANK OF AFRICA
Address: 140 AVENUE HASSAN II, CASABLANCA
8-Character Code: BMCEMAMC
Branch Code: XXX
Bank Name: BANK OF AFRICA
Address: 140 AVENUE HASSAN II, CASABLANCA
Key Considerations for International Transfers
To prevent delays or errors when sending funds, adhere to these guidelines:
- Verify the bank name: Cross-check that the SWIFT code corresponds to the recipient’s bank to avoid misdirected transfers.
- Confirm branch details: If using a branch-specific code, ensure it matches the recipient’s branch.
- Check the country: Validate that the SWIFT code’s country aligns with the recipient’s location, as banks may operate internationally.
Correctly using BANK OF AFRICA’s SWIFT/BIC code enhances transfer efficiency and safeguards transactions, enabling seamless global fund movement.