Selecting the correct SWIFT code is crucial for international money transfers. The right code not only ensures secure fund transfers but also guarantees timely receipt by the beneficiary. Have you ever experienced delays or returned payments due to an incorrect SWIFT code? If so, understanding the significance of Lietuvos Bankas (Bank of Lithuania) SWIFT code is essential.
The SWIFT code for Lietuvos Bankas (Bank of Lithuania) is LIABLT2XMSD . This code plays a pivotal role in international transactions, ensuring that funds sent to Lithuania reach their destination accurately and efficiently. Using this SWIFT code correctly is key to a smooth transaction process.
Understanding the SWIFT Code Structure
The SWIFT code LIABLT2XMSD consists of four distinct parts:
- The first four characters, LIAB , represent the bank identifier.
- The following two characters, LT , indicate the country (Lithuania).
- The next two characters, 2X , specify the location of the bank (Vilnius).
- The remaining characters, MSD , denote the specific branch.
When preparing to transfer funds to Lietuvos Bankas, always use this precise SWIFT code to facilitate seamless transactions. Additionally, the bank's address is Vilnius, Žirmūnų g. 151, Vilnius, Vilniaus apskritis, LT-09128 . This information is vital for completing the transfer and provides further context about the recipient bank.
Verifying SWIFT Code Accuracy
Before initiating any transfer, it is advisable to verify the latest SWIFT code details, as banks occasionally update these codes. Using the correct SWIFT code increases transaction success rates and minimizes unnecessary delays or additional costs.
To ensure secure and efficient fund transfers, always confirm the SWIFT code: LIABLT2XMSD . This simple step helps avoid errors when sending or receiving international payments through Lietuvos Bankas (Bank of Lithuania).