In an era of increasing globalization and frequent business transactions, the convenience of international banking services has become more important than ever. Yet many individuals and businesses still face confusion when making cross-border transfers due to unfamiliarity with SWIFT/BIC codes.
For those conducting transactions with MEGA International Commercial Bank Co., Ltd., the correct SWIFT/BIC code is ICBCTWTP004 . This alphanumeric sequence serves as a crucial identifier that ensures funds reach their intended destination accurately and efficiently.
SWIFT codes typically consist of 8 to 11 characters that encode specific bank information, including the institution's name, country, and sometimes branch details. In the case of MEGA International Commercial Bank, the institution's headquarters are located at 216 Mingchuan Road, Taichung City, Taiwan, with postal code 400.
Understanding the structure and importance of SWIFT/BIC codes can prevent costly errors in international money transfers. An incorrect code entry might divert funds to wrong accounts, potentially causing significant delays and complications in financial operations.
Beyond facilitating secure and speedy transactions, proper use of SWIFT/BIC codes helps maintain compliance with international financial regulations. For businesses, this knowledge translates to improved cash flow management and stronger relationships with global partners through reliable transaction processing.
Financial professionals emphasize that verifying the most current SWIFT/BIC information before initiating transfers remains essential, as outdated codes may cause processing issues. Clear communication between all parties involved in the transaction—including banks and payment platforms—further ensures smooth international financial operations.