In international financial transactions, the SWIFT/BIC code acts as a unique identifier for banks worldwide, ensuring seamless fund transfers. For the Bank of Papua New Guinea, the SWIFT/BIC code is BPNGPGPKXXX .
Understanding the SWIFT/BIC Code Structure
The code for the Bank of Papua New Guinea can be broken down as follows:
- Bank Code (BPNG) : Identifies the Bank of Papua New Guinea.
- Country Code (PG) : Indicates the bank’s location in Papua New Guinea.
- Location Code (PK) : Specifies the bank’s headquarters region.
- Branch Code (XXX) : Denotes the bank’s primary office. Transactions routed with "XXX" are processed through the main branch.
Bank of Papua New Guinea SWIFT/BIC Code Details
SWIFT Code : BPNGPGPK
Branch Code : XXX
Branch Name : BANK OF PAPUA NEW GUINEA
Address : 121 DOUGLAS STREET
City : PORT MORESBY
Key Verification Steps for Smooth Transfers
To avoid delays or errors, always verify the following:
- Bank Name : Confirm the recipient bank’s name matches exactly.
- Branch Details : If using a specific branch’s SWIFT code, ensure it aligns with the recipient’s designated branch.
- Country Code : The SWIFT code’s country must match the transfer destination.
Using the correct SWIFT/BIC code is critical for successful international transfers. Whether for personal or business purposes, accuracy in these details ensures funds reach their intended destination securely and without unnecessary delays.