In today's globalized economy, international money transfers have become increasingly common. However, many individuals and businesses remain unaware of how to ensure their cross-border payments reach the intended destination accurately. This is where SWIFT codes (sometimes called BIC codes) play a crucial role.
Understanding BEAC's SWIFT Code
BANQUE DES ETATS D'AFRIQUE CENTRALE (BEAC), headquartered in Yaoundé, Cameroon, utilizes the SWIFT code BEACCMCX090 for international transactions. This unique identifier is essential when sending or receiving funds from this central banking institution serving the Central African region.
Located at Mfoundi in Cameroon's capital city, BEAC's SWIFT code follows the standard format of 8-11 alphanumeric characters that uniquely identifies financial institutions worldwide. These codes facilitate secure and efficient transactions through the Society for Worldwide Interbank Financial Telecommunication (SWIFT) network.
Key Information for International Transfers
When initiating a transfer to BANQUE DES ETATS D'AFRIQUE CENTRALE, senders should provide the following details:
- Bank Name: BANQUE DES ETATS D'AFRIQUE CENTRALE
- SWIFT Code: BEACCMCX090
- Address: YAOUNDE, MFOUNDI
- Country: CAMEROON
The Importance of Accurate SWIFT Information
In an era of digital banking, precision in international money transfers has never been more critical. Using the correct SWIFT code ensures funds reach their destination without unnecessary delays or complications. Transaction failures or delays often stem from simple errors in these banking identifiers.
While SWIFT codes facilitate the transfer process, senders should remain aware of potential challenges including transaction fees and exchange rate fluctuations. Consulting with financial institutions about specific terms and conditions before initiating transfers can prevent unexpected costs.
For both personal remittances and commercial transactions, proper use of SWIFT codes serves as the foundation for secure international banking. As global financial systems grow more interconnected, understanding these fundamental elements becomes increasingly valuable for all participants in the international economy.