Guide to Using LNCBLYLT064 SWIFTBIC Code for International Transfers

Published: 08/12/2025
International Remittance SWIFT Code Fund Transfer
This article provides a detailed analysis of the components of the SWIFT/BIC code LNCBLYLT064 for NATIONAL COMMERCIAL BANK and its significance in international remittances. It offers practical tips to ensure a smooth transfer process and highlights the advantages and features of choosing Xe as a remittance option.
Guide to Using LNCBLYLT064 SWIFTBIC Code for International Transfers

In international financial transactions, SWIFT/BIC codes serve as both security guardians and essential facilitators of capital movement. Examining the structure of these codes—using NATIONAL COMMERCIAL BANK's SWIFT/BIC code LNCBLYLT064 as an example—can help prevent unnecessary delays and complications during fund transfers.

Anatomy of a SWIFT/BIC Code

Comprising 8 to 11 characters, SWIFT/BIC codes follow this standardized structure:

  • Bank Code (LNCB): A four-letter identifier representing NATIONAL COMMERCIAL BANK, enabling immediate financial institution recognition.
  • Country Code (LY): The two-letter ISO country designation (Libya in this instance).
  • Location Code (LT): Two characters pinpointing the bank's specific geographic operation.
  • Branch Code (064): Three digits identifying a particular branch. The "XXX" suffix denotes a bank's headquarters.

Ensuring Proper SWIFT/BIC Code Implementation

When transferring funds to NATIONAL COMMERCIAL BANK or any international institution, meticulous verification of transfer details prevents transactional failures:

  1. Institution Verification: Cross-check the recipient bank's registered name against your transaction records.
  2. Branch Specificity: When using branch-specific codes, confirm the exact branch location matches the recipient's account details.
  3. Geographic Accuracy: Validate that the country code corresponds with the recipient bank's operational jurisdiction.

Optimizing International Transfers

Modern financial services offer significant advantages for cross-border transactions:

  • Competitive Exchange Rates: Specialized providers frequently offer more favorable rates than traditional banking institutions.
  • Fee Transparency: Reputable platforms provide complete cost breakdowns before transaction confirmation.
  • Expedited Processing: Many transactions complete within the same business day, addressing time-sensitive financial needs.

Financial institutions maintain dedicated support teams to assist with SWIFT-related inquiries, ensuring smooth international fund movement.

Conclusion

In our interconnected global economy, proper understanding and implementation of SWIFT/BIC protocols enhances transactional efficiency while mitigating financial risks. These standardized codes remain fundamental to secure, efficient international capital movement.

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