When sending international wire transfers, ensuring your funds reach the correct destination safely is paramount. The SWIFT/BIC code system plays a crucial role in this process. For transactions involving Argentina's national bank, Banco de la Nación Argentina, the correct identifier is NACNARBA COR .
Understanding the SWIFT Code Structure
SWIFT codes typically consist of 8 to 11 characters. The first four letters ( NACN ) represent the bank's abbreviated name. The following two characters ( AR ) indicate the country (Argentina), while the next two ( BA ) specify the location. The optional final three characters ( COR ) can identify specific branches.
For Banco de la Nación Argentina, headquartered at San Jeronimo 30, Córdoba, X5000AGB, Argentina, the complete SWIFT code NACNARBA COR ensures accurate routing of international payments.
Best Practices for International Transfers
Financial institutions worldwide rely on SWIFT codes to process cross-border transactions efficiently. When initiating a transfer to Banco de la Nación Argentina, verify both the SWIFT code and the recipient's account details carefully. Additional information that may prove helpful includes:
- The bank's full legal name: Banco de la Nación Argentina
- Complete physical address in Córdoba
- Any intermediary bank requirements
- Processing timelines and associated fees
Standard SWIFT transfers typically take 1-5 business days, though processing times may vary depending on currency, amount, and intermediary banks involved in the transaction.
The Importance of Accuracy
Incorrect or incomplete SWIFT information can lead to delayed or failed transactions, potentially resulting in additional charges. The standardized SWIFT system significantly reduces errors in international banking, but users should always double-check all transfer details before submission.
For those regularly conducting business with Argentina or sending remittances to the country, maintaining accurate records of Banco de la Nación Argentina's SWIFT code ( NACNARBA COR ) and corresponding banking details can streamline future transactions.