When conducting international wire transfers, the correct bank identifier code is crucial. This code not only determines whether funds reach their intended destination accurately but also directly impacts transaction efficiency. For United Bank for Africa PLC, the SWIFT code UNAFNGLA008 serves as a critical component for customers during the transfer process. The bank's full details are as follows:
- Bank Name: United Bank for Africa PLC
- City: Lagos
- Address: 86 Murtala Mohammed, Lagos, Lagos, 100272
- Country: Nigeria
Understanding SWIFT Codes
SWIFT, short for "Society for Worldwide Interbank Financial Telecommunication," is an 8 to 11-character alphanumeric code that uniquely identifies financial institutions worldwide. When initiating an international bank transfer, using the correct SWIFT code ensures funds are routed properly to the recipient's account.
The code UNAFNGLA008 acts as a guiding beacon for transfers to United Bank for Africa PLC. It is essential to match the provided bank details—including the name, address, and country—precisely with this SWIFT code. Even minor discrepancies can result in delayed transactions or misdirected funds.
Best Practices for Secure Transfers
Verifying the accuracy of SWIFT codes provides an additional layer of security for international transactions. Before sending money to United Bank for Africa PLC, double-check that the entered code UNAFNGLA008 is correct. This precaution applies to routine transfers as well.
Additionally, it is advisable to periodically confirm the validity of SWIFT codes, as banks may update them following mergers or rebranding initiatives. Staying informed about such changes helps prevent transfer complications.
Conclusion
In international banking, SWIFT codes function as identification credentials, ensuring seamless cross-border transactions. Accuracy in providing these codes is a fundamental responsibility for all bank users. Whether for personal or business purposes, attention to this detail prevents unnecessary delays or errors. The code UNAFNGLA008 is more than just a reference—it is a cornerstone of secure and efficient global money transfers.