When sending international wire transfers, locating the correct bank code can often prove challenging. For those needing to transfer funds to Croatia's OTP BANKA D.D., knowing its SWIFT/BIC code becomes crucial. This alphanumeric identifier not only ensures secure delivery of funds but significantly improves transaction efficiency.
Key Banking Information
OTP BANKA D.D.'s SWIFT code is OTPVHR2XSIB . The bank operates from the historic coastal city of Šibenik, with its headquarters at VIII DALMATINSKE BRIGADE 26, SIBENIK, SIBENSKO-KNINSKA, 22000, CROATIA. Verifying this code before initiating international transfers helps prevent processing delays.
For example, when transferring $10,000 to France using OTP BANKA D.D.'s SWIFT code, the recipient would receive approximately €8,480 (exchange rates apply). The standardized SWIFT system enhances transparency and security while minimizing errors that could lead to additional fees or processing delays.
Understanding SWIFT Codes
These international bank identifiers typically contain 8-11 characters that precisely identify specific financial institutions and their branches worldwide. The system serves as a secure routing mechanism for cross-border payments, reducing the risk of misdirected funds.
Financial professionals note that proper use of SWIFT codes demonstrates operational competence in international transactions, potentially strengthening business relationships through demonstrated technical proficiency.
Important Considerations
International wire transfers typically involve processing fees that vary according to transaction amount, destination country, and individual bank policies. Financial institutions recommend clarifying all applicable charges before finalizing transfers to facilitate accurate budgeting.
Whether for commercial transactions or personal remittances, OTP BANKA D.D.'s SWIFT/BIC code provides a reliable channel for secure international fund transfers. Understanding this financial infrastructure enables smoother cross-border transactions and eliminates common transfer-related complications.