Guide to Banque Nationale De Guine SWIFT Codes for Transfers

Published: 09/03/2025
SWIFT Code Bank of Guinea Cross-border Money Transfer
This article analyzes the SWIFT code (BQNGGNGNXXX) of the Central Bank of the Republic of Guinea, providing a guide for cross-border money transfers. It emphasizes the importance of accurate information and explores alternative options to ensure the safe and efficient arrival of funds. The guide aims to help users navigate the complexities of international money transfers involving the Bank of Guinea, highlighting best practices for minimizing errors and potential delays. It also touches upon the significance of verifying recipient details to prevent fraudulent activities.
Guide to Banque Nationale De Guine SWIFT Codes for Transfers

Imagine an international transfer destined for Guinea, stalled in the vast financial network due to a minor SWIFT code error—wasting precious time and money. This scenario is not alarmist speculation but a frequent reality in cross-border transactions. For individuals and businesses needing to send funds to Banque Nationale de Guinée (BNG), knowing the correct SWIFT code is critical. This article provides a detailed breakdown of BNG's SWIFT code along with practical transfer guidelines to ensure your money arrives securely and efficiently.

SWIFT/BIC Codes: The "Passport" of Cross-Border Payments

A SWIFT (Society for Worldwide Interbank Financial Telecommunication) code, also known as a BIC (Bank Identifier Code), is a unique identifier used for international bank transfers. Functioning like a bank's "passport," it verifies the recipient bank's identity to ensure funds reach the intended destination. For Banque Nationale de Guinée, the primary SWIFT code is BQNGGNGNXXX . However, different branches or transaction types may require alternative codes. Always confirm the exact SWIFT code with the recipient before initiating a transfer.

Banque Nationale de Guinée SWIFT Code: BQNGGNGNXXX

  • Bank Name: BANQUE NATIONALE DE GUINÉE
  • SWIFT Code: BQNGGNGNXXX
  • Bank Address: BOULEVARD DIALLO TELLI QUARTIER, KOULEWOUNDY COMMUNE DE KALOUM
  • City: CONAKRY (Guinea's capital)
  • Country: GUINEA

This code is typically used for transfers to BNG's main office. If the recipient hasn't specified a branch-specific SWIFT code or if the bank processes payments centrally through its headquarters, this code should suffice.

When to Use BQNGGNGNXXX?

Use BQNGGNGNXXX when:

  • Sending an international transfer to Banque Nationale de Guinée.
  • The recipient hasn't provided a branch-specific SWIFT code.
  • BNG processes payments through its central office.
  • You prefer a widely recognized standard SWIFT code.

Branch-Specific Considerations

While this article doesn't list individual branch codes, verifying the correct SWIFT code with the recipient or bank is crucial. Using a branch-specific code (if available) can expedite processing and minimize errors.

Ensuring Accuracy: Avoiding Delays and Losses

When initiating a SWIFT transfer, double-check:

  • SWIFT Code: Must match the recipient bank exactly—even a single character error can derail the transfer.
  • Account Number: Confirm the recipient's account number meticulously; incorrect numbers are a leading cause of failed transfers.
  • Recipient Name: Ensure the name matches the bank account precisely; discrepancies may trigger returns.
  • Bank Name and Address: Reconfirm to avoid confusion with similarly named institutions.

Errors may result in:

  • Delays: Banks require additional time to resolve incorrect information.
  • Failed Transfers: Severe errors may lead to rejection and refunds.
  • Extra Fees: Corrections often incur additional charges.

Correcting Transfer Errors

If you spot a mistake after sending funds:

  1. Contact Your Bank: Notify them immediately to cancel or amend the transfer.
  2. Provide Correct Details: Supply accurate SWIFT codes, account numbers, and names.
  3. Cooperate: Banks may request documentation to trace the erroneous transfer.

Success depends on the transfer's status and the recipient bank's cooperation—acting swiftly is essential.

Receiving International Transfers

To receive funds into your BNG account, provide the sender with:

  • Your full name (matching bank records).
  • Your exact account number.
  • BNG's SWIFT code (BQNGGNGNXXX or a branch-specific alternative).
  • BNG's full name and address.

Alternative Transfer Methods

Beyond SWIFT, consider:

  • Online Platforms: Services like Wise or WorldRemit often offer faster, cheaper transfers via alternative networks.
  • Mobile Apps: PayPal or Xoom facilitate small transfers with user-friendly interfaces.

Evaluate options based on:

  • Fees
  • Exchange rates
  • Transfer speed
  • Security

Conclusion: Precision Matters

Transferring funds to Banque Nationale de Guinée demands attention to detail—from verifying SWIFT codes to cross-checking account information. By adhering to these guidelines, you can navigate cross-border payments confidently, ensuring your money reaches its destination securely and without unnecessary delays. In international banking, precision is paramount.

Related Topics