In international money transfers, incorrect SWIFT codes can cause significant delays or failed transactions. The correct SWIFT/BIC code is a critical detail that must be verified for every cross-border payment. This article provides essential information about NATIONAL COMMERCIAL BANK's SWIFT code— LNCBLYLT 057 —and outlines best practices to ensure seamless international transfers.
About NATIONAL COMMERCIAL BANK
Based in Gharian, Libya, NATIONAL COMMERCIAL BANK is recognized for its professional financial services. When initiating an international transfer to this institution, accuracy in providing banking details is paramount to avoid complications.
Key Considerations for SWIFT Code Usage
- Verify Bank Information: Confirm that the recipient bank’s name matches exactly with the details provided in the transfer instructions.
- Check Branch Codes: If using a branch-specific SWIFT code, ensure alignment with the recipient’s branch to prevent misrouting.
- Validate Country Codes: Given that banks operate across multiple jurisdictions, confirm that the SWIFT code corresponds to the correct destination country.
Additional Notes on Exchange Rates
While real-time exchange rate data is widely available, transfer rates may fluctuate due to market conditions. To mitigate risks, double-check all transaction details before submission.