International money transfers may seem straightforward, but they involve numerous critical details. Among these, the SWIFT code (also known as BIC code) serves as the essential identifier for interbank financial transactions worldwide. When sending money to Credit Agricole Egypt, having the correct SWIFT code is paramount. This comprehensive guide examines Credit Agricole Egypt's SWIFT code to facilitate seamless cross-border transactions.
Understanding SWIFT Codes
The SWIFT code (Society for Worldwide Interbank Financial Telecommunication) is an international banking identification system that uniquely identifies financial institutions globally. Comprising 8 or 11 alphanumeric characters, these codes precisely pinpoint banks and their specific branches. SWIFT codes primarily facilitate international wire transfers, ensuring funds reach the intended recipient bank accurately and securely.
Credit Agricole Egypt's Primary SWIFT Code: AGRIEGCXXXX
Credit Agricole Egypt's principal SWIFT code is AGRIEGCXXXX, representing the bank's headquarters or primary payment processing center. The code's structure breaks down as follows:
- AGRI: Bank code identifying Credit Agricole
- EG: Country code for Egypt
- CX: Location code for Cairo
- XXX: Branch identifier (XXX denotes the head office or centralized processing)
When to Use AGRIEGCXXXX
This primary SWIFT code applies in several scenarios:
- Initiating international transfers to Credit Agricole Egypt accounts
- When recipients provide only bank name and account number without specific branch details
- For transactions processed through the bank's centralized payment system
- As a default code when branch-specific information is unavailable
Branch-Specific SWIFT Codes
While AGRIEGCXXXX serves as a universal identifier, Credit Agricole Egypt's branches may have distinct SWIFT codes. Using branch-specific codes can potentially expedite transfers. Before initiating transactions, verify the recipient's exact branch code through:
- Direct consultation with the beneficiary
- Contacting Credit Agricole Egypt's customer service
- Reputable online SWIFT code verification tools (exercise caution regarding data accuracy)
Essential Transfer Considerations
To ensure successful international transactions, observe these critical protocols:
- Triple-check all SWIFT code characters—minor errors can cause significant delays
- Verify recipient account numbers and names exactly as they appear in bank records
- Include clear payment references to assist recipient identification
- Understand applicable transfer fees and exchange rate margins
- Retain transaction confirmations for future reference
Receiving International Payments
For individuals expecting incoming transfers to Credit Agricole Egypt accounts, provide senders with:
- Bank name: Credit Agricole Egypt
- SWIFT code: AGRIEGCXXXX (or branch-specific code if available)
- Account number
- Account holder name (exactly as registered)
- Bank address details
Addressing Transfer Errors
In cases of incorrect transfer information, immediately contact your bank with:
- Transaction reference numbers
- Exact error details
- Corrected banking information
Note that correction procedures may incur additional fees and processing time.
Alternative Cross-Border Payment Methods
Beyond traditional SWIFT transfers, consider these international payment options:
- Specialized money transfer services (Western Union, MoneyGram)
- Digital payment platforms (PayPal)
- Fintech solutions (Wise, WorldRemit)
Evaluate alternatives based on transfer speed, cost efficiency, and security requirements.
Conclusion
Accurate SWIFT code information forms the foundation of successful international banking with Credit Agricole Egypt. By meticulously verifying all transaction details and understanding available transfer options, individuals and businesses can execute cross-border payments with confidence and efficiency.