For seamless cross-border money transfers, understanding the recipient bank's SWIFT/BIC code is crucial. This unique identifier ensures funds reach their intended destination accurately. Take Italy's BANCA NAZIONALE DEL LAVORO S.P.A. as an example: its SWIFT code BNLIITRRAVX is mandatory when sending funds to their Avellino branch located at VIA SALVATORE DE RENZI 34-40, AVELLINO, AV, 83100, ITALY .
SWIFT codes are globally standardized identifiers developed by the International Organization for Standardization (ISO) to simplify international financial transactions. The code BNLIITRRAVX guarantees that funds will be routed precisely to the specified bank account without processing delays.
When initiating international transfers, verifying the correct SWIFT code with the recipient is paramount. This precaution prevents transfer errors while saving both time and administrative resources. Even minor typographical errors in the code may result in failed transactions, requiring lengthy investigations and reprocessing.
Before executing any transfer, cross-validate all details with the recipient, including the complete bank name, city, physical address, and SWIFT code. This verification step helps both parties avoid unnecessary complications and ensures transaction efficiency.
Whether for personal remittances or corporate transactions, the security and accuracy of cross-border payments demand careful attention to detail. Proper verification of all banking information remains the most reliable method to guarantee successful fund transfers to institutions like BANCA NAZIONALE DEL LAVORO S.P.A.