Struggling with international wire transfers to Global Bank Corporation in Panama? A simple mistake in the banking code could lead to delayed or returned funds. This comprehensive guide reveals the official SWIFT/BIC code for Global Bank Panama, ensuring smooth and secure international transactions.
The Essential Code: GLBLPAPAXXX
The primary SWIFT/BIC code for Global Bank Corporation in Panama is: GLBLPAPAXXX . This unique identifier serves as the key to successful international transfers to Global Bank accounts in Panama.
Understanding SWIFT/BIC Codes
SWIFT/BIC codes function as international banking identifiers, similar to a financial institution's passport. These 8-11 character codes precisely identify banks, countries, and specific branches, ensuring accurate routing of international payments.
Breaking Down GLBLPAPAXXX
- GLBL: Bank code for Global Bank Corporation
- PA: Country code for Panama
- PA: Location code for Panama City
- XXX: Primary office designation
Important Considerations for Branch Codes
While GLBLPAPAXXX serves as the main SWIFT/BIC code for Global Bank Panama, certain transactions or specific branches might require alternative codes. For absolute certainty:
- Confirm the exact code directly with the recipient
- Verify with Global Bank through official channels
When to Use GLBLPAPAXXX
This primary code is appropriate for:
- Standard international transfers to Global Bank Panama accounts
- Situations where recipients haven't specified branch codes
- Transactions processed through Global Bank's main office
- General use when no specific code is available
Frequently Asked Questions
What happens if I use an incorrect SWIFT/BIC code?
Incorrect codes may cause transaction failures, delays, or additional charges. In rare cases, funds might become temporarily inaccessible.
How can I verify other Global Bank SWIFT/BIC codes?
Official banking documents or direct communication with Global Bank representatives provide the most reliable information.
What additional information is required for international transfers?
Standard requirements include the recipient's full name, account number, bank name, and physical address.
Wire Transfer Best Practices
- Double-check all transaction details before submission
- Use only authorized financial institutions for transfers
- Maintain complete records of all transaction documentation
- Remain vigilant against potential financial fraud
With the correct SWIFT/BIC code and proper verification procedures, international transfers to Global Bank Panama can be completed efficiently and securely.