Have you ever felt overwhelmed by the complexities of international money transfers? Worried about delays or lost funds due to incorrect SWIFT codes? This comprehensive guide to JSC Bank of Georgia's SWIFT codes will help you navigate international transactions with confidence, ensuring secure and timely transfers.
1. The Core SWIFT Code: Your Financial Express Lane
The primary SWIFT/BIC code for JSC Bank of Georgia is BAGAGE22XXX . This code serves as a universal identifier, enabling seamless international transfers to the bank. Wherever you are, using this code ensures your funds reach JSC Bank of Georgia accurately.
2. Branch-Specific Codes: Precision Matters
While the core SWIFT code works for most transactions, some branches or services may use different codes. To guarantee accuracy:
- Confirm with the recipient: Ask the beneficiary for their specific branch SWIFT code.
- Contact the bank directly: If you cannot reach the recipient or have doubts about the provided information, JSC Bank of Georgia's customer service can verify the correct code.
3. When to Use the Core SWIFT Code
The primary code BAGAGE22XXX is appropriate when:
- Sending international transfers to JSC Bank of Georgia
- The recipient hasn't provided a branch-specific code
- The bank processes payments through its central office
- You need a widely accepted default code
4. Decoding the SWIFT Code
The structure of BAGAGE22XXX reveals important information:
- Bank Name: JSC BANK OF GEORGIA
- Address: GAGARINI STREET 29A, TBILISI, GEORGIA
This unique identifier contains all necessary details to route your transfer correctly.
5. Avoiding Common Mistakes
To prevent transfer issues:
- Double-check the SWIFT code against official sources
- Verify the recipient's account number and name
- Contact your bank immediately if you spot errors after sending
Minor inaccuracies can cause significant delays, so meticulous verification is essential.
6. Receiving International Transfers
To ensure smooth incoming international payments:
- Provide senders with the correct SWIFT code (either core or branch-specific)
- Share your exact account number
- Supply any additional banking details as required
7. Security Considerations
When conducting international transfers:
- Remain vigilant against fraud attempts
- Use only secure, official banking channels
- Keep all transaction records for future reference
8. Frequently Asked Questions
Q: Where can I find branch-specific SWIFT codes for JSC Bank of Georgia?
A: Contact individual branches directly or check the bank's official website.
Q: What happens if I use an incorrect SWIFT code?
A: The transfer may be delayed or returned. Contact your bank promptly for assistance.
Q: Do SWIFT codes change?
A: While rare, updates can occur. Verify the code before each transfer.
9. Conclusion
Understanding JSC Bank of Georgia's SWIFT codes is fundamental for successful international transactions. By selecting the appropriate code, providing accurate details, and following security best practices, you can execute transfers efficiently and with confidence.