When sending money from abroad to an account at Banque de Tunisie, one of the most critical pieces of information you need is the bank's SWIFT code. This article provides a detailed guide to Banque de Tunisie's SWIFT code, ensuring smooth and accurate international transfers.
What Is a SWIFT Code?
A SWIFT code (also known as a BIC code) is a unique identifier assigned to banks worldwide by the Society for Worldwide Interbank Financial Telecommunication (SWIFT). It functions as an international "passport" for banks, ensuring funds reach the correct destination during cross-border transactions.
Banque de Tunisie's SWIFT Code: BTBKTNTTXXX
The primary SWIFT code for Banque de Tunisie is BTBKTNTTXXX . This code corresponds to the bank's head office in Tunis and is typically used for general international transfers. The structure of the code breaks down as follows:
- Bank Code (BTBK): Identifies Banque de Tunisie specifically.
- Country Code (TN): Denotes Tunisia as the country.
- City Code (TT): Represents Tunis, where the head office is located.
- Branch Code (XXX): Indicates the head office (used when no specific branch code is provided).
When to Use BTBKTNTTXXX
This code is appropriate in the following situations:
- When making an international transfer to a Banque de Tunisie account.
- When the recipient hasn't provided a specific branch SWIFT code.
- When you're uncertain about the recipient's branch location.
- When the bank processes international payments centrally through its head office.
Important Note About Branch SWIFT Codes
While BTBKTNTTXXX will generally work for transfers, some Banque de Tunisie branches may have their own unique SWIFT codes. If you know the specific branch where the recipient holds their account, it's advisable to obtain and use that branch's SWIFT code for increased accuracy and faster processing.
How to Find Branch SWIFT Codes
You can locate specific branch codes through these methods:
- Ask the recipient: The most reliable method is to request the SWIFT code directly from the account holder.
- Contact Banque de Tunisie: The bank can provide the correct SWIFT code when given the recipient's account details.
- Use online SWIFT code tools: Some websites offer SWIFT code lookup services, though you should verify any results with the bank.
Additional Information Required for International Transfers
Beyond the SWIFT code, you'll typically need these details:
- Recipient's full name: Must match exactly with their bank records.
- Account number: The complete and correct account number.
- Recipient's address: Some banks require this information.
- Transfer amount and currency: Clearly specified.
- Purpose of payment: Some institutions request this information for compliance purposes.
About Banque de Tunisie
Established in 1884, Banque de Tunisie (BT) is one of Tunisia's oldest financial institutions. It offers comprehensive banking services including retail, corporate, and investment banking. With an extensive branch network across Tunisia and international operations, BT plays a significant role in the country's financial system and economic development.
Frequently Asked Questions
What happens if I use the wrong SWIFT code?
Using an incorrect SWIFT code may cause delays, returned transfers, or failed transactions. Always verify the code before sending funds.
What's the difference between SWIFT and IBAN codes?
SWIFT codes identify banks, while IBAN (International Bank Account Number) identifies specific accounts. Some regions, particularly in Europe, require both for international transfers.
How long do SWIFT transfers take?
Transfers typically complete within 1-5 business days, depending on the banks involved and any intermediary banks in the transaction chain.
What fees apply to SWIFT transfers?
Costs vary by bank and may include sending fees, intermediary bank charges, and receiving fees. Consult your bank for specific pricing.