Imagine a critical international payment delayed due to a minor error in the SWIFT code—a frustrating scenario that can easily be avoided. In today’s globalized economy, where cross-border transactions are routine, knowing the correct SWIFT/BIC code for your bank is essential. This code acts as a unique identifier for financial institutions worldwide, ensuring secure and efficient fund transfers.
This article provides a detailed and reliable guide to the SWIFT code for Intesa Sanpaolo Bosnia Bank in Bosnia and Herzegovina.
Intesa Sanpaolo Bosnia Bank SWIFT Code Overview
The primary SWIFT/BIC code for Intesa Sanpaolo Bosnia Bank is UPBKBA22XXX . This code identifies the bank in the international payment network, guaranteeing that funds are routed accurately.
- Bank Name: INTESA SANPAOLO BANKA D.D. BOSNA I HERCEGOVINA
- SWIFT Code: UPBKBA22XXX
- Bank Address: OBALA KULINA BANA 9A
- City: SARAJEVO
- Country: BOSNIA AND HERZEGOVINA
When to Use UPBKBA22XXX
You can confidently use the primary SWIFT/BIC code UPBKBA22XXX in the following scenarios:
- International Transfers: When sending money to an account at Intesa Sanpaolo Bosnia Bank in Bosnia and Herzegovina.
- No Branch Code Provided: If the recipient does not specify a branch-specific SWIFT code, the main code is typically sufficient.
- Centralized Processing: When the bank handles payments through its main office, the primary code ensures proper routing.
- Default Option: If you need a widely accepted default SWIFT code, UPBKBA22XXX is a reliable choice.
Considerations for Branch-Specific Codes
While UPBKBA22XXX works for most transactions, Intesa Sanpaolo Bosnia Bank may use different SWIFT codes for specific branches or services. To avoid delays or errors, verify the correct code with the recipient or the bank before initiating a transfer. This is particularly important for specialized accounts or business transactions.
How to Avoid SWIFT Code Errors
Incorrect SWIFT codes can lead to delayed, returned, or misdirected payments, often incurring extra fees. Follow these best practices to prevent issues:
- Double-Check the Code: Carefully review the SWIFT/BIC code provided by the recipient to ensure every character is accurate.
- Confirm with the Bank: If in doubt, contact Intesa Sanpaolo Bosnia Bank or your own bank for verification.
- Use Official Sources: Obtain the SWIFT code from the bank’s official website, mobile app, or customer service to avoid unreliable third-party information.
- Keep Transaction Records: Save all payment receipts for future reference in case of discrepancies.
The Importance of SWIFT Codes
SWIFT codes are more than just alphanumeric sequences—they are critical to the security and efficiency of international banking. These codes enable financial institutions to identify counterparties, validate transactions, and mitigate fraud risks. A correct SWIFT code ensures seamless cross-border payments.
About Intesa Sanpaolo Bosnia Bank
Intesa Sanpaolo Bosnia Bank is one of the leading financial institutions in Bosnia and Herzegovina, part of the Italian Intesa Sanpaolo Group. It offers a comprehensive range of services, including retail and corporate banking, investment solutions, and asset management. With a strong international presence and expert team, the bank delivers tailored financial services to its clients.
Conclusion
Understanding the correct SWIFT code for Intesa Sanpaolo Bosnia Bank is crucial for smooth international transactions. By following the guidelines and recommendations in this article, you can ensure that your funds reach their destination securely and efficiently. Always verify the SWIFT/BIC code with the recipient or the bank before proceeding with a transfer.