When initiating an international money transfer, ensuring the security and accuracy of the transaction is paramount. For individuals and businesses sending funds to BANK OF AFRICA in Morocco, understanding the correct SWIFT/BIC code is essential to guarantee that the money reaches its intended destination without delays or errors.
The SWIFT/BIC code for BANK OF AFRICA is BMCEMAMCBTI . This alphanumeric identifier plays a critical role in international financial transactions, enabling swift and precise routing of funds, whether they originate overseas or from another region.
Bank Details
- Bank Name: BANK OF AFRICA
- City: Casablanca
- Address: 140 Avenue Hassan II, Casablanca, Casablanca-Settat, 20000
- Country: Morocco
The Role of SWIFT Codes in International Transfers
The accuracy of a SWIFT/BIC code cannot be overstated—it serves as a unique identifier for financial institutions worldwide. Using the correct code ensures that banks can accurately route funds to the intended recipient, minimizing the risk of delays caused by incorrect information. However, the SWIFT code alone is not sufficient; senders must also verify the recipient’s full details, including the bank’s name, address, and city. Any discrepancies in these details may disrupt the transaction.
Understanding SWIFT Code Structure
SWIFT codes typically consist of 8 to 11 characters, each segment serving a specific purpose:
- The first four characters represent the bank code.
- The next two characters denote the country.
- The following two characters identify the location.
- The final three characters (optional) specify the branch.
This structured system ensures that every financial institution is uniquely and efficiently identified across the global banking network.
Verification Before Transfer
Before initiating any international transfer, it is advisable to confirm the SWIFT/BIC code through the bank’s official website or by contacting the institution directly. Banks periodically update their codes, and using outdated or incorrect information may result in failed transactions. Verifying these details beforehand helps prevent unnecessary financial losses and delays.
When sending money internationally, you are not just transferring funds—you are establishing a bridge of trust to ensure the secure and timely arrival of your money.