For those needing to send international payments to Liberty Bank Georgia (JSC Liberty Bank), determining the correct SWIFT code can be confusing. This guide provides clear, comprehensive information to facilitate seamless cross-border transactions.
Understanding SWIFT/BIC Codes
Before examining Liberty Bank Georgia's specific code, it's essential to understand what SWIFT/BIC codes represent. The SWIFT (Society for Worldwide Interbank Financial Telecommunication) code, also known as BIC (Bank Identifier Code), is a unique identifier for financial institutions globally. Functioning as a bank's "international passport," these codes ensure accurate routing of funds during cross-border transfers.
Liberty Bank Georgia's primary SWIFT/BIC code: LBRTGE22XXX
This code breaks down as follows:
- LBRT: Bank code for Liberty Bank
- GE: Country code for Georgia
- 22: Location code
- XXX: Branch identifier (typically XXX when unspecified)
When to Use LBRTGE22XXX
The primary SWIFT code LBRTGE22XXX should be used in these scenarios:
- Initiating international transfers: This is the most common application, ensuring funds reach Liberty Bank Georgia successfully.
- Recipient hasn't specified a branch code: When only the bank name and account number are provided, this primary code suffices.
- Centralized payment processing: Even for accounts at different branches, if the bank processes payments through its headquarters, this code remains valid.
- Needing a universally accepted default: For general international transfers without specific branch requirements, LBRTGE22XXX serves as the appropriate default.
Branch-Specific Considerations
While LBRTGE22XXX serves as the primary identifier, Liberty Bank operates multiple branches across Georgia. Some branches may have unique SWIFT codes, though in most cases, the primary code works regardless of the recipient's specific branch.
Verification Recommendations
To guarantee successful transactions:
- Confirm with the recipient: Verify the provided SWIFT code and whether a branch-specific code is necessary.
- Contact Liberty Bank directly: For any uncertainties regarding branch codes, consult the bank's customer service for precise information.
Bank Details
- Bank Name: JSC 'LIBERTY BANK'
- SWIFT Code: LBRTGE22XXX
- Address: CHAVCHAVADZE AVE 74
- City: TBILISI
- Country: GEORGIA
Frequently Asked Questions
Can LBRTGE22XXX be used for all Liberty Bank Georgia accounts?
Typically yes, but verification with the recipient or bank is advised for absolute certainty.
What happens if an incorrect SWIFT code is used?
Transactions may be delayed, returned, or fail entirely. Always double-check code accuracy.
What additional information is needed for international transfers?
Recipient's full name, account number, bank name, and address are typically required alongside the SWIFT code.
Understanding Liberty Bank Georgia's SWIFT code system enables efficient international banking. While LBRTGE22XXX serves as the primary code, confirming details with involved parties ensures trouble-free transactions.