International wire transfers can often seem confusing, but selecting the correct SWIFT code is crucial for ensuring your funds reach their intended destination without errors. This article provides key information about National Commercial Bank and its SWIFT/BIC code LNCBLYLT083 to facilitate smoother international transactions.
Bank Overview
The SWIFT code LNCBLYLT083 belongs exclusively to National Commercial Bank, serving as both a bank identifier and a specific branch locator in Tobruk, Libya.
- Bank Name: National Commercial Bank
- SWIFT Code: LNCBLYLT083
- City: Tobruk
- Address: Main Building, Center of Town
- Country: Libya
The Critical Role of SWIFT Codes
SWIFT codes serve as unique identifiers in international banking transactions, enabling secure and accurate fund transfers between financial institutions worldwide. Each code's distinct combination of letters and numbers ensures money is routed correctly through the global banking network.
When to Use LNCBLYLT083
You'll need this specific SWIFT code in these common situations:
- International Wire Transfers: When sending money from abroad to an account at National Commercial Bank in Libya, using LNCBLYLT083 guarantees proper routing.
- Cross-Border Electronic Payments: Most international digital payment systems require the sender to input the recipient bank's SWIFT code.
- Business Transactions: Companies making payments to Libyan suppliers or partners should verify this code to prevent payment delays or errors.
Ensuring Transaction Success
Accurate SWIFT code usage remains fundamental for efficient international banking. Whether you're an individual sending money to family or a business conducting cross-border commerce, proper use of LNCBLYLT083 helps avoid unnecessary complications in your financial transactions.