When conducting international money transfers, ensuring funds reach the correct destination account is paramount. One critical component in this process is the SWIFT code, a standardized identifier that facilitates secure cross-border transactions.
For those dealing with Lithuania's central financial institution, understanding the SWIFT code LIABLT2XMSD assigned to LIETUVOS BANKAS is essential. This unique identifier not only confirms the bank's identity but also safeguards the accuracy and security of international payments.
Bank: LIETUVOS BANKAS
SWIFT/BIC: LIABLT2XMSD
Address: ZIRMUNU G. 151, VILNIUS, VILNIAUS APSKRITIS, LT-09128, Lithuania
SWIFT/BIC codes typically consist of 8 to 11 alphanumeric characters that precisely identify financial institutions and their specific branches worldwide. These codes undergo regular verification and updates to maintain the integrity of international banking transactions.
The structure of these codes follows an international standard: the first four characters represent the bank code, followed by two-letter country codes, two-character location identifiers, and optional branch-specific details. In the case of LIETUVOS BANKAS, the complete code provides all necessary routing information for seamless fund transfers.
For individuals and businesses conducting transactions with Lithuanian counterparts, using the correct SWIFT code eliminates potential processing delays and minimizes errors in the transfer process. Financial institutions globally recognize and process payments using these standardized identifiers, making them indispensable for international commerce.
Verification of SWIFT codes remains crucial before initiating any cross-border payment. While primary codes for major banks like LIETUVOS BANKAS rarely change, branch-specific codes may occasionally require updates to reflect organizational changes.