When making international money transfers, the SWIFT/BIC code serves as a bank's unique identifier, ensuring funds reach their intended destination accurately. For transactions involving Egypt's oldest commercial bank, understanding the correct SWIFT code is essential for seamless cross-border payments.
The National Bank of Egypt (NBE) uses the SWIFT code NBEGEGCX003 . This alphanumeric sequence identifies not only the bank but also its location in Cairo. The bank's headquarters are located at 39 Abdel Khalik Sarwat Street, Cairo, 11511, Egypt.
Financial institutions globally rely on the SWIFT network to process international transfers efficiently. The system's effectiveness depends entirely on the accuracy of provided information, particularly the SWIFT code. Most banks require this identifier when sending or receiving foreign currency transactions.
While some countries may process transfers without SWIFT codes, providing this information minimizes potential delays or errors. Financial experts recommend verifying all recipient details - including the SWIFT code, account number, and bank address - before initiating international transfers.
The security and efficiency of cross-border payments depend on multiple factors, including the correctness of banking information. Understanding how to properly use SWIFT codes contributes significantly to successful international money transfers.