Southern Commercial Bank Suriname Simplifies SWIFT Transfers

This article provides a detailed explanation of the SWIFT/BIC code SOUOSRPPXXX for Southern Commercial Bank in Suriname. It elucidates the code's importance and proper usage, offering practical guidance for cross-border remittances. The aim is to assist users in completing international transfers securely and efficiently. The article covers key aspects of using the SWIFT code for sending and receiving money to and from Southern Commercial Bank, ensuring accuracy and minimizing potential delays or errors in the transaction process.

That seemingly mysterious string of letters and numbers called a SWIFT/BIC code is actually the vital bridge connecting you to your recipient when making international transfers. This article demystifies the code for Southern Commercial Bank in Suriname, helping you complete cross-border transactions efficiently while avoiding unnecessary delays and losses.

The SWIFT/BIC Code: Your Passport for International Transfers

The SWIFT (Society for Worldwide Interbank Financial Telecommunication) code, also known as BIC (Bank Identifier Code), serves as a unique identification number for banks during international money transfers. Functioning like a bank's "ID card," it ensures your funds reach the correct financial institution. For Southern Commercial Bank in Suriname, the primary SWIFT/BIC code is SOUOSRPPXXX .

Decoding SOUOSRPPXXX: Southern Commercial Bank's Unique Identifier

This alphanumeric sequence contains specific information:

SOUO : The bank code representing Southern Commercial Bank.
SR : The country code indicating Suriname.
PP : The location code typically signifying the bank's headquarters in Paramaribo.
XXX : The branch code, with XXX often denoting the head office.

Why SWIFT/BIC Codes Matter

These codes play several critical roles in international banking:

Ensuring transfer accuracy by preventing errors in bank identification
Improving transaction efficiency through faster fund clearing
Reducing transfer costs by minimizing error-related fees

Important Considerations for Southern Commercial Bank Codes

While SOUOSRPPXXX serves as the primary SWIFT/BIC code, Southern Commercial Bank may use different codes for specific services or branches. Before initiating a transfer, verify the exact code with your recipient or directly with the bank to ensure successful transaction processing.

When to Use SOUOSRPPXXX

This primary code is appropriate in these situations:

Making international transfers to Southern Commercial Bank
When no specific branch code is provided by the recipient
For transactions processed through the bank's centralized payment system
As a default option when uncertain about specific branch codes

Pre-Transfer Verification Checklist

Before submitting your SWIFT payment, carefully confirm:

The complete accuracy of the SWIFT/BIC code
Correct recipient account number and name

Even minor discrepancies can cause delays or transaction failures. If you discover errors after submission, immediately contact your bank for correction.

Receiving International Transfers at Southern Commercial Bank

To receive international funds at a Southern Commercial Bank account, provide senders with:

The correct SWIFT/BIC code
Your accurate bank account number
Any additional required bank details

Southern Commercial Bank Information

Key details for reference:

Bank Name : SOUTHERN COMMERCIAL BANK NV
SWIFT Code : SOUOSRPPXXX
Address : TOURTONNELAAN 33
City : PARAMARIBO
Country : SURINAME

Branch-Specific Considerations

While the primary SWIFT code typically suffices, Southern Commercial Bank's local branches in Suriname may have specific codes that could improve transfer efficiency in certain cases. Consult with recipients to determine the optimal code for your transaction.