In today's globalized economy, international money transfers have become routine financial transactions. Yet navigating the complex web of international banking systems requires careful attention to detail—particularly when ensuring funds reach their intended destination securely.
Imagine paying for goods purchased in Portugal or sending financial support to family abroad. In such scenarios, the accuracy of banking details becomes paramount. This is where SWIFT codes serve as critical identifiers—functioning like precise coordinates that guide funds safely through the global banking network.
The Key to Secure Transfers: CGDIPTPL OSF
For transactions involving Portugal's Caixa Geral de Depósitos (CGD) , the SWIFT/BIC code CGDIPTPL OSF serves as the essential routing information. The bank's operational branch is located at Avenida Arriaga 17, Floor 3, in Funchal—the picturesque capital of Madeira—with the postal code 9000-059.
Whether executing personal remittances or commercial payments, correctly using this SWIFT code forms the foundation for successful transactions. The code ensures funds are accurately credited to accounts within Caixa Geral de Depósitos's network.
Why SWIFT Code Accuracy Matters
Each financial institution maintains unique SWIFT/BIC identifiers. Errors in these codes can result in failed transactions, delayed funds, or returned payments. Financial experts strongly recommend verifying the recipient's SWIFT code through official banking channels before initiating transfers.
International banking protocols require absolute precision—a single alphanumeric discrepancy can divert funds or trigger security reviews. When sending or receiving cross-border payments, confirming the SWIFT code with the recipient's bank remains the gold standard for transaction security.
As global financial interactions continue to expand, understanding these fundamental transfer mechanisms becomes increasingly valuable. The CGDIPTPL OSF code represents more than just banking information—it's the bridge connecting senders and recipients across international borders with confidence and reliability.