When sending money across borders, one crucial factor often determines whether funds reach their intended destination: the correct SWIFT code. This becomes particularly important when transferring funds to National Commercial Bank, where the unique identifier LNCBLYLTHOB serves as the financial institution's international address.
Understanding SWIFT Codes
The Society for Worldwide Interbank Financial Telecommunication (SWIFT) code is an 8-11 character identifier that facilitates secure international transactions. This standardized system ensures financial institutions can accurately route payments worldwide. For National Commercial Bank, the code LNCBLYLTHOB precisely identifies both the bank and its specific branch location.
How to Initiate an International Transfer
To successfully transfer funds to National Commercial Bank, follow these essential steps:
- Select National Commercial Bank as the receiving institution and enter the SWIFT code LNCBLYLTHOB precisely
- Verify all recipient account details, including the account number and beneficiary name
- Confirm the transaction amount and currency
- Monitor the transfer status through your banking institution
When executed correctly, this process typically results in timely delivery of funds to the intended account.
The Advantages of Using SWIFT
The SWIFT network offers two primary benefits for international money transfers:
- Speed: Transactions typically complete faster than alternative transfer methods
- Security: The standardized system minimizes errors and misdirected payments
For anyone conducting international business or personal transfers, understanding and correctly using the SWIFT code LNCBLYLTHOB for National Commercial Bank remains fundamental to successful transactions.