In today's globalized financial landscape, ensuring secure and efficient cross-border money transfers is paramount. The SWIFT/BIC code DABAFIHHHAM, assigned to Danske Bank A/S's Finland branch, serves as a crucial tool for achieving this objective. This article examines the purpose of this code and its significance in international fund transfers.
Understanding SWIFT/BIC Codes
SWIFT/BIC codes represent an international standard for financial transactions, serving to identify specific financial institutions. These codes guarantee that funds are transferred accurately and securely to their intended destinations. The code DABAFIHHHAM specifically identifies and connects to Danske Bank A/S's Finland branch, making it essential for transactions involving Finland or other international operations connected to this banking institution.
Key Information About DABAFIHHHAM
- Bank Name: Danske Bank A/S, Finland Branch
- City: Helsinki
- Address: Televisiokatu 1, Helsinki, Helsinki, FI-00075
- Country: Finland
By utilizing this SWIFT/BIC code, senders can effortlessly initiate or receive international payments by providing accurate details. The use of DABAFIHHHAM helps prevent potential delays caused by incorrect information, ensuring timely delivery of funds to the designated bank.
Best Practices for International Transfers
When conducting international money transfers, employing the correct SWIFT/BIC code is critical, particularly when using Danske Bank A/S as the transfer channel. Financial institutions strongly recommend that senders verify all transaction details before submission, confirming the accuracy of the DABAFIHHHAM code to minimize potential financial risks.
As the designated SWIFT/BIC code for Danske Bank A/S's Finland branch, DABAFIHHHAM functions not only as a passport for international financial transactions but also as a vital component in ensuring the secure and efficient movement of funds. Understanding and correctly applying this information enhances confidence and effectiveness when executing international money transfers.