
Have you ever struggled to locate the correct SWIFT/BIC code for an international money transfer? The right SWIFT/BIC code is not only essential for completing cross-border transactions smoothly but also plays a critical role in ensuring the security of your funds. This article provides a detailed breakdown of BELARUSBANK's SWIFT/BIC code, including its structure and key usage considerations.
The Structure of SWIFT/BIC Codes
A SWIFT/BIC code consists of 8 to 11 alphanumeric characters that uniquely identify a specific bank and its branch anywhere in the world. Below is a detailed analysis of BELARUSBANK's SWIFT/BIC code:
- Bank Code (AKBB): The first four letters represent BELARUSBANK.
- Country Code (BY): The next two letters indicate that the bank is located in Belarus.
- Location Code (2X): The following two characters specify the bank's headquarters.
- Branch Code (XXX): The last three digits identify a specific branch. If the code ends with "XXX," it refers to the bank's main office.
In summary, BELARUSBANK's complete SWIFT/BIC code is AKBBBY2XXXX . The first eight characters ( AKBBBY2X ) are mandatory, while the final three digits point to its headquarters.
Address Information
BELARUSBANK's registered address is:
Dzerzhinski Avenue, 18,
Minsk, Belarus.
Key Considerations for International Transfers
When initiating an international transfer, verifying the correct SWIFT/BIC code is crucial to avoid payment issues or delays. Keep the following points in mind:
- Confirm the Bank Name: Ensure the recipient's bank name matches the SWIFT/BIC code you are using.
- Verify the Branch: If using a branch-specific SWIFT/BIC code, confirm that the branch aligns with the recipient's account details.
- Check the Country: Since banks operate globally, ensure the SWIFT/BIC code corresponds to the correct country where the recipient's account is held.
Using the correct SWIFT/BIC code for BELARUSBANK not only enhances the efficiency of your transfer but also minimizes the risk of financial losses due to incorrect information. Understanding these details ensures a seamless and secure international banking experience.