When conducting international wire transfers, ensuring funds reach the intended account accurately is a critical step in any financial transaction. One key element in this process is selecting the correct bank and SWIFT code. In this regard, the SWIFT code CGDIPTPL OPR for CAIXA GERAL DE DEPOSITOS serves as a clear reference point.
As one of Portugal’s leading banks, CAIXA GERAL DE DEPOSITOS plays a pivotal role in international transactions through its SWIFT code. The bank is headquartered in the picturesque port city of Porto, with its address listed as RUA CAMOES 139, FLOOR 6, PORTO, 4000-265, PORTUGAL . This information is essential for senders to confirm the recipient’s banking details and facilitate seamless fund transfers.
SWIFT codes, comprising 8 to 11 alphanumeric characters, uniquely identify banks and financial institutions worldwide. Their accuracy is paramount in cross-border transactions, particularly when sending funds to destinations such as France or other countries. Using an incorrect SWIFT code may result in delays or failed transfers, underscoring the importance of verification.
For example, if you intend to send $10,000.00 to France, the recipient may receive approximately €8,457.00, depending on exchange rates, fees, and the payment method selected. Bank transfers, while typically requiring three business days, are often recommended for their reliability and security.
Behind the seemingly random sequence of a SWIFT code lies a structured system. These codes not only identify a specific financial institution but may also direct funds to a particular branch or service window. Regular audits and updates by financial institutions ensure the continued accuracy and validity of SWIFT codes, further safeguarding international transactions.
Understanding and correctly using the SWIFT code CGDIPTPL OPR for CAIXA GERAL DE DEPOSITOS is more than a procedural step—it is a foundational measure for successful cross-border transactions. As global financial systems evolve, the significance of SWIFT codes will only grow, making their proper use an indispensable skill for international investors and businesses alike.