In today's globalized economy, cross-border fund transfers have become essential for both individuals and businesses. However, what appears to be a simple process can present numerous risks and challenges. A minor error, such as an incorrect SWIFT code, may result in delayed transfers, returned funds, or even financial losses. This guide provides a comprehensive overview of Banque du Caire's SWIFT code system to ensure your international transfers reach their destination safely and efficiently.
The Critical Role of SWIFT Codes in International Transfers
The SWIFT code (Society for Worldwide Interbank Financial Telecommunication code), also known as BIC (Bank Identifier Code), serves as a unique identifier for financial institutions worldwide. This banking "passport" ensures accurate routing of funds between banks across borders.
A standard SWIFT code consists of 8-11 characters with the following structure:
- First 4 characters: Bank code (identifies the financial institution)
- Next 2 characters: Country code (identifies the bank's location)
- Following 2 characters: Location code (identifies the city/region)
- Final 3 characters (optional): Branch code (specific to a particular branch, defaulting to XXX if unspecified)
Banque du Caire's Primary SWIFT Code: BCAIEGCXXXX
This primary code applies to most international transfers to Banque du Caire, particularly when:
- The recipient hasn't provided a specific branch code
- Transactions are processed through the bank's central operations
- You require a widely recognized default identifier
Detailed Breakdown of Banque du Caire's SWIFT Information
Bank Name:
BANQUE DU CAIRE
Primary SWIFT Code:
BCAIEGCXXXX
Headquarters Address:
6 Dr. Mostafa Abou Zahra St, Nasr City, Cairo, Egypt
Branch-Specific SWIFT Codes
While the primary code suffices for most transactions, these branch-specific codes may be required for certain operations:
- BCAIEGCX008: Cairo Main Branch
- BCAIEGCX011: Cairo Downtown Branch
- BCAIEGCX020: Kasr El-Neel Branch
- BCAIEGCX030: 19 Adly Street Branch
Essential Verification Steps Before Transferring Funds
To prevent transfer issues, always:
- Confirm the exact SWIFT code with the recipient or directly with Banque du Caire
- Verify the recipient's account number and full legal name
- Double-check all entered information before submission
Receiving International Transfers: Information to Provide
For incoming international transfers, ensure you supply senders with:
- The correct SWIFT code (primary or branch-specific)
- Your complete account number
- Your full legal name as registered with the bank
- Any additional required bank details
Frequently Asked Questions
Q: What happens if I use an incorrect SWIFT code?
A: The transfer may be delayed, returned, or potentially lost. Contact your bank immediately if errors occur.
Q: How long do international transfers typically take?
A: Processing usually requires 1-5 business days, depending on the banks and countries involved.
Q: Are there alternatives to traditional bank transfers?
A: Specialized international money transfer services often provide competitive exchange rates and lower fees compared to conventional banks.
Important Considerations
While this guide provides current information, SWIFT codes and banking details may change. Always verify details with Banque du Caire before initiating transfers. For complex transactions, consider consulting financial professionals to ensure compliance with all regulations.