OTP Banks SWIFT Code Key for Crossborder Transfers

Published: 08/20/2025
Cross-border remittance SWIFT code Bank information
This article discusses the significance of OTP BANKA D.D.'s SWIFT/BIC code OTPVHR2XRJK, emphasizing the necessity of accurately using this code for cross-border remittances. It highlights the importance of verifying bank information and branch codes to ensure a secure and smooth remittance process.
OTP Banks SWIFT Code Key for Crossborder Transfers

When making cross-border payments, ensuring the accuracy of SWIFT/BIC codes is paramount. For transactions involving OTP BANKA D.D., the institution's SWIFT/BIC code OTPVHR2XRJK facilitates secure and efficient global money transfers. These standardized codes, comprising 8 to 11 alphanumeric characters, precisely identify specific banks and their branches, serving as crucial identifiers for the safe and accurate movement of funds.

Decoding the SWIFT/BIC Structure

The four-letter bank code OTPV identifies OTP BANKA D.D., a financial institution with established credibility in the banking sector. The following two characters HR denote the bank's location in Croatia. The location-specific details are further refined by 2X , indicating the city where the branch operates. The final three characters RJK specify a particular branch, with the generic XXX typically representing a bank's head office.

Essential Verification Steps

For individuals initiating international transfers, meticulous attention to SWIFT code details is critical. Incorrect codes may result in delayed transactions, misdirected payments, or even permanent loss of funds. Before authorizing any transfer, senders should:

  • Verify bank name: Confirm the recipient's bank name matches exactly with the information associated with the SWIFT code.
  • Check branch identifier: When using a branch-specific code, ensure it corresponds to the recipient's actual banking location.
  • Validate country information: Each SWIFT code is country-specific, requiring confirmation that the code matches the destination bank's nation.

For instance, using a generic bank code instead of a branch-specific identifier might route funds to incorrect destinations, potentially creating complex recovery situations. When utilizing OTP BANKA D.D.'s SWIFT/BIC code, verification through trusted financial services can help ensure all transfer details are accurate.

Understanding SWIFT/BIC codes becomes particularly important when receiving international payments. Proper knowledge of these banking identifiers simplifies cross-border transactions and reduces potential complications in the global movement of funds.

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