When sending international wire transfers to Jordan Commercial Bank (JCB) in Jordan, understanding the correct SWIFT/BIC code is crucial for ensuring your funds reach their destination safely and efficiently. This banking identifier serves as a financial institution's "international passport," facilitating cross-border payments across the global banking network.
Jordan Commercial Bank's Primary SWIFT Code: JGBAJOAMXXX
The main SWIFT/BIC code for Jordan Commercial Bank is JGBAJOAMXXX . This code represents the bank's headquarters in Amman and is typically used for standard international wire transfers. The components break down as follows:
- JGBA: Bank code for Jordan Commercial Bank
- JO: Country code for Jordan
- AM: Location code for Amman
- XXX: Branch code (XXX indicates the head office)
When to Use JGBAJOAMXXX
The head office SWIFT code is appropriate in these common scenarios:
- Transferring funds from abroad to any JCB account in Jordan
- When the recipient hasn't provided a specific branch code
- For transactions processed through the bank's centralized payment system
- As a default code when no alternative is specified
Verifying the Correct SWIFT Code
To prevent transfer delays or failures, consider these verification steps:
- Request confirmation directly from the recipient about their specific branch details
- Contact Jordan Commercial Bank's customer service through official channels
- Double-check the code against the bank's official documentation
Potential Risks of Using Incorrect Codes
Inputting an inaccurate SWIFT/BIC code may result in:
- Significant processing delays (typically 3-5 additional business days)
- Returned transfers with associated fees
- Potential loss of currency exchange advantages
- Additional investigation requirements from both sending and receiving banks
Additional Considerations for International Transfers
Beyond the SWIFT code, ensure you have these essential details for successful transfers:
- Recipient's full legal name as registered with the bank
- Complete account number (including any sub-account identifiers)
- Purpose of payment (required for regulatory compliance)
- Information about any intermediary banks if applicable
Understanding these banking protocols helps facilitate smooth international transactions while minimizing potential complications. For complex transfers or large amounts, consulting with banking professionals at both sending and receiving institutions is advisable.