Banco Millennium Atlntico Simplifies SWIFT Transfers

This article analyzes the SWIFT code PRTLAOLUXXX of Banco Millennium Atlântico in Angola, explaining its structure and important considerations for international money transfers. It emphasizes the importance of accurately filling in the required information to ensure the smooth and successful arrival of funds. Correct SWIFT code usage is crucial for avoiding delays and potential issues with international transactions involving Banco Millennium Atlântico.

Imagine sending an overseas payment, only for it to be delayed due to a minor SWIFT code error. Such situations create unnecessary complications for both senders and recipients. To avoid these issues when transferring funds to Banco Millennium Atlântico in Angola, understanding the correct SWIFT code is essential. This guide provides all the necessary details to facilitate seamless cross-border transactions.

Primary SWIFT Code: PRTLAOLUXXX

The main SWIFT/BIC code for Banco Millennium Atlântico is PRTLAOLUXXX . This code serves as a universal identifier for international payments, ensuring funds reach the intended bank and account without delays.

Structure and Meaning of the SWIFT Code

SWIFT codes consist of 8 or 11 characters, each conveying specific information:

First four characters (PRTL): Bank code, representing Banco Millennium Atlântico.
Fifth and sixth characters (AO): Country code, indicating Angola.
Seventh and eighth characters (LU): Location code, referring to Luanda.
Last three characters (XXX): Branch code, with XXX typically denoting the bank's headquarters.

When to Use the Primary SWIFT Code

You can safely use PRTLAOLUXXX in the following scenarios:

Sending an international transfer to Banco Millennium Atlântico.
The recipient has not provided a specific branch SWIFT/BIC code.
The bank processes payments through its main office.
You prefer using a widely recognized default SWIFT/BIC code.

Branch-Specific Codes: Verification Is Key

While PRTLAOLUXXX is the primary SWIFT code, Banco Millennium Atlântico may use different codes for specific branches or services. To prevent errors, always confirm the correct SWIFT code with the recipient or the bank before initiating a transfer.

Avoiding Delays and Failed Transactions

International transfers involve multiple steps, and mistakes at any stage can lead to delays or failures. Follow these best practices:

Double-check the SWIFT code: Ensure it matches the recipient bank exactly.
Provide accurate account details: Enter the recipient's account number and name correctly.
Correct errors promptly: If you spot a mistake, contact your bank immediately to rectify it.

Receiving International Payments

If you expect to receive funds via Banco Millennium Atlântico, provide the sender with the following details:

The correct SWIFT/BIC code ( PRTLAOLUXXX or a branch-specific code).
Your full account number.
Your name and address.
The bank's name (Banco Millennium Atlântico).

About Banco Millennium Atlântico

Headquartered in Luanda's Financial City, Banco Millennium Atlântico, S.A. is a prominent financial institution in Angola. It offers a comprehensive range of services, including personal and corporate banking, investment banking, and asset management. As a key player in Angola's financial sector, the bank is committed to delivering innovative and reliable solutions.

Final Tips for Secure and Efficient Transfers

While international payments may seem straightforward, attention to detail is crucial. By understanding Banco Millennium Atlântico's SWIFT code and its proper usage, you can minimize errors and ensure timely delivery of funds. Always verify information before proceeding, and consult banking professionals if uncertain.