UBA Emphasizes SWIFT Codes for Secure International Transfers

This article presents the SWIFT code UNAFNGLA 004 of United Bank for Africa in Nigeria, highlighting its significance and safety in international remittance. It also reminds users to verify the SWIFT code to avoid misdirected funds.
UBA Emphasizes SWIFT Codes for Secure International Transfers

When conducting international wire transfers, the security of funds reaching their intended destination should be a primary concern. The SWIFT code serves as a critical tool to ensure this process operates smoothly. Also known as a Bank Identifier Code (BIC), this unique identifier guarantees that your payment reaches the correct financial institution without errors.

For those conducting international transactions with United Bank for Africa PLC, proper use of the SWIFT code is essential. The bank's official SWIFT/BIC code is UNAFNGLA004 . This alphanumeric sequence serves as the bank's exclusive identifier while ensuring the accuracy and efficiency of international wire transfers.

Bank Details and Verification

United Bank for Africa PLC operates from its headquarters at 9 Wharf Road, Lagos, Lagos, 104214, Nigeria. The SWIFT code not only identifies the specific bank but also the country and branch location, creating a foolproof system for international payments.

Using the correct SWIFT code offers multiple advantages beyond fund security. It enhances transaction transparency and minimizes delays caused by incorrect banking information. Financial institutions strongly recommend verifying the SWIFT code before initiating any international transfer, as errors may result in funds being sent to incorrect accounts, potentially causing significant complications.

Best Practices for International Transfers

When selecting a SWIFT code, ensure complete alignment with the recipient's banking information. For cross-border financial transactions, direct communication with the receiving bank is advisable to confirm their current SWIFT code validity. Proper understanding and application of these financial instruments leads to more secure international money transfers.

SWIFT codes remain indispensable for cross-border fund transfers. By correctly using United Bank for Africa's designated code— UNAFNGLA004 —customers can significantly reduce transaction risks and ensure their funds reach the intended destination securely and efficiently.