In international financial transactions, the security and efficiency of fund transfers are paramount concerns. When sending money to Arab Tunisian Bank (ATB), understanding how to properly use its SWIFT/BIC code is essential for a smooth transaction.
The Essential SWIFT Code: ATBKTNTT XXX
Arab Tunisian Bank's SWIFT code, ATBKTNTT XXX , serves as a critical tool for international payments and ensures funds reach the intended recipient's account. This unique identifier contains important information about the bank:
- ATBK represents the bank's unique code
- TNTT identifies Tunisia as the country
- The optional XXX may specify a particular branch
Required Information for International Transfers
When initiating a cross-border transfer to Arab Tunisian Bank, you must provide complete and accurate recipient details:
- Bank Name: Arab Tunisian Bank
- Bank Address: RUE HEDI NOUIRA, 9, TUNIS, TUNIS, 1080
- Country: Tunisia
- Recipient's Full Name: As it appears on the bank account
- Account Number: Complete IBAN for Tunisian accounts
Key Considerations for Error-Free Transfers
To prevent delays or failed transactions, carefully verify all banking details before submission. Common issues include:
- Incorrect or outdated SWIFT codes
- Mismatched recipient names and account numbers
- Incomplete beneficiary bank information
Inaccurate information may result in funds being held by intermediary banks, potentially incurring additional processing fees and extending transfer times. Some financial institutions may require supplementary details about the nature or purpose of the transaction.
Best Practices for International Banking
When conducting cross-border transactions with Arab Tunisian Bank:
- Confirm the current SWIFT code with the recipient or directly with the bank
- Double-check all numerical entries, particularly account numbers
- Understand that processing times may vary based on currencies and countries involved
- Be aware of potential intermediary bank fees that may be deducted from the transferred amount
Proper use of the SWIFT code system ensures efficient processing of international transfers to Arab Tunisian Bank while maintaining the security of your financial transactions.