Imagine a cross-border payment, meant to reach its recipient smoothly, being delayed or even returned due to a minor code error. In international financial transactions, the SWIFT code serves as a bank's "identification card," ensuring funds move accurately between global financial institutions. This article provides a comprehensive guide to the SWIFT code for United Bank for Africa Guinea (UBA Guinea), along with essential information for seamless cross-border transfers.
SWIFT Code: The Global Passport for Banks
The SWIFT (Society for Worldwide Interbank Financial Telecommunication) code, also known as the BIC (Bank Identifier Code), is an 8- or 11-character international bank code used to identify financial institutions worldwide. It is essential for international wire transfers, ensuring payments reach the correct recipient bank without delays or errors.
UBA Guinea's SWIFT Code: UBAGGNCNXXX
UBA Guinea's primary SWIFT code is UBAGGNCNXXX . This code contains the following information:
- UBAG: Bank code for United Bank for Africa.
- GN: Country code for Guinea.
- CN: Location code for Conakry, Guinea's capital.
- XXX: Branch code (XXX typically denotes the head office when no specific branch is specified).
UBA Guinea Branches and SWIFT Codes
While UBAGGNCNXXX is UBA Guinea's primary SWIFT code, different branches or services may use distinct codes. Before initiating a transfer, always verify the correct SWIFT code with the recipient or UBA Guinea directly to ensure successful processing.
When to Use UBAGGNCNXXX?
UBA Guinea's primary SWIFT code (UBAGGNCNXXX) should be used in the following cases:
- Sending international transfers to UBA Guinea: When wiring funds to an account held at UBA Guinea.
- No specific branch code provided: If the recipient does not specify a branch-specific SWIFT code, the head office code (UBAGGNCNXXX) can be used.
- Centralized payment processing: If UBA Guinea processes all international payments through its head office.
- Default code: When a widely accepted default SWIFT code is required.
Key Considerations for Cross-Border Transfers
To avoid errors when sending a SWIFT transfer, carefully verify the following details:
- SWIFT code: Ensure it matches the recipient bank.
- Account number: Enter the recipient's full account number without errors.
- Recipient name: Must exactly match the name on the bank account.
- Bank name and address: Provide the correct bank details.
Even minor discrepancies can cause delays or failed transactions. If an error is detected after submission, contact your bank immediately to rectify the issue.
Receiving International Transfers in a UBA Guinea Account
To receive funds from abroad into a UBA Guinea account, provide the sender with the following details:
- SWIFT code: UBAGGNCNXXX (or the correct branch-specific code if applicable).
- Account number: Your full bank account number.
- Bank name: United Bank for Africa Guinea.
- Bank address: IMMEUBLE SONOCO, RUE CHATEAU D'EAU MARCHE NIGER, CONAKRY, GUINEA.
UBA Guinea Bank Information
- Bank Name: United Bank for Africa Guinea
- SWIFT Code: UBAGGNCNXXX
- Bank Address: IMMEUBLE SONOCO, RUE CHATEAU D'EAU MARCHE NIGER
- City: Conakry
- Country: Guinea
Conclusion
Understanding UBA Guinea's SWIFT code and cross-border transfer requirements is crucial for smooth international transactions. Always verify banking details before initiating a transfer to prevent complications. This guide provides the necessary information to ensure secure and efficient international payments involving UBA Guinea.