International wire transfers can be daunting, especially when faced with the challenge of locating the correct SWIFT code. For those dealing with Algerian Union Bank (AUB-SA) in Mauritania, the process is now simpler with this clear, practical guide to ensure seamless transactions.
Primary SWIFT Code: AUBMMRMRXXX
The main SWIFT/BIC code for Algerian Union Bank (AUB-SA) in Mauritania is AUBMMRMRXXX . This code is applicable for most international wire transfers, particularly when the recipient has not provided a specific branch code or when the bank processes payments centrally through its main office. Additionally, AUBMMRMRXXX serves as a reliable default code for general use.
Key Considerations
It is important to note that Algerian Union Bank (AUB-SA) may use different SWIFT/BIC codes for specific services or branches. Before initiating a transfer, always verify the correct code with the recipient or directly with the bank. Providing an incorrect code may result in delays or failed transactions, leading to unnecessary complications.
Bank Details
Below are the essential details for Algerian Union Bank (AUB-SA) in Mauritania:
- Bank Name: Algerian Union Bank-SA (AUB-SA)
- SWIFT Code: AUBMMRMRXXX
- Address: LOT NR 80, TAGVRAGH ZEINA, NOUAKCHOTT
- City: NOUAKCHOTT
- Country: MAURITANIA
Local Branch Information
Algerian Union Bank (AUB-SA) operates local branches in Mauritania. While the primary SWIFT/BIC code AUBMMRMRXXX can be used for transfers, knowing the specific branch details can help ensure greater accuracy. If the recipient provides a branch-specific code, it should be prioritized.
When to Use AUBMMRMRXXX
The following scenarios warrant the use of AUBMMRMRXXX :
- Sending an international transfer to an account held with Algerian Union Bank (AUB-SA) in Mauritania.
- The recipient has not specified a branch-specific SWIFT/BIC code.
- Payments are processed centrally through the bank's main office.
- A widely recognized default SWIFT/BIC code is required.
Avoiding Transfer Errors
To ensure a smooth international wire transfer, adhere to these guidelines:
- Verify the code: Confirm the SWIFT/BIC code with the recipient or the bank before proceeding.
- Provide complete details: Include the recipient's full name, account number, and bank address.
- Understand fees: Be aware of any charges imposed by the sending or receiving bank.
- Retain proof: Keep a record of the transaction for future reference or tracking.
The Role of SWIFT Codes
SWIFT (Society for Worldwide Interbank Financial Telecommunication) codes, also known as BIC (Bank Identifier Codes), are unique identifiers used in international wire transfers to pinpoint specific banks. Functioning as a bank's "ID," these codes ensure funds reach the intended destination securely. They are indispensable for global trade, investments, and personal remittances.
Mauritania's Financial Landscape
Mauritania's financial system, though modest, has grown alongside its economy. Alongside foreign institutions like Algerian Union Bank (AUB-SA), local banks form the backbone of the country's financial services network, supporting businesses and individuals alike.
The Future of International Transfers
Technological advancements continue to reshape international money transfers, with online platforms and mobile payment apps offering faster and more convenient alternatives to traditional bank wires. However, regardless of the method chosen, accurate SWIFT codes remain critical to successful transactions.