Guide to Banque Extrieure Dalgrie SWIFT Codes

Published: 09/04/2025
SWIFT Code Bank of Algeria Cross-border Remittance
This article provides a detailed explanation of BANQUE EXTERIEURE D'ALGERIE (BEA)'s SWIFT code, BEXADZAL008. It analyzes the code's structure, usage scenarios, and important considerations. The aim is to assist readers in accurately executing cross-border remittances, preventing delays and errors. Furthermore, it addresses frequently asked questions related to SWIFT codes, offering practical guidance for international financial transactions involving BEA.
Guide to Banque Extrieure Dalgrie SWIFT Codes

International wire transfers can seem daunting, but understanding one crucial element—SWIFT codes—can make the process smooth and secure. This guide focuses specifically on transfers to Algeria's BANQUE EXTERIEURE D'ALGERIE (BEA), using code BEXADZAL008 as an example.

Understanding SWIFT/BIC Codes

The SWIFT (Society for Worldwide Interbank Financial Telecommunication) code, also known as BIC (Bank Identifier Code), serves as a standardized identifier for financial institutions worldwide. These codes function like a bank's unique fingerprint, enabling accurate identification within global financial networks.

Every international wire transfer requires this critical piece of information. Without a correct SWIFT code, transactions may experience delays, incur additional fees, or even fail completely.

The Anatomy of SWIFT Code BEXADZAL008

This 11-character code for BANQUE EXTERIEURE D'ALGERIE breaks down into distinct components:

  • BEXA: Bank code identifying BANQUE EXTERIEURE D'ALGERIE
  • DZ: Country code for Algeria
  • AL: Location code for Algiers (headquarters)
  • 008: Branch-specific identifier

When to Use BEXADZAL008

This specific SWIFT code should be used when sending funds to BANQUE EXTERIEURE D'ALGERIE's main branch located at:

ROUTE DES DUNES CHERAGA, ALGIERS, ALGIERS, 16000

Key Verification Steps

  1. Confirm the bank name matches exactly with the recipient's information
  2. Verify the branch location corresponds with the recipient's account
  3. Double-check the country code (DZ for Algeria)

Common Questions About SWIFT Codes

Do all branches share the same SWIFT code?
Not necessarily. Some banks use a single code for all branches (typically ending in XXX), while others assign unique codes to each location.

What happens with incorrect SWIFT codes?
Transactions may be delayed, misrouted, or rejected entirely. In some cases, funds may be returned with additional fees.

Where can I find a bank's SWIFT code?
Recipients typically provide this information. Alternatively, check bank statements or use verified online SWIFT code directories.

Ensuring Successful Transfers

Accuracy is paramount when initiating international wire transfers. Before submitting any transaction:

  • Cross-verify all banking details with the recipient
  • Confirm the exact branch location where the recipient holds their account
  • Consider consulting with your financial institution about transfer options and fees

While international banking transactions may appear complex, proper understanding of SWIFT codes significantly reduces potential complications. For transfers to BANQUE EXTERIEURE D'ALGERIE, using code BEXADZAL008—when appropriate—helps ensure efficient and secure fund transfers.

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