International money transfers can often be complicated and fraught with potential risks, especially when dealing with BRD Bank (Groupe Societe Generale) in Romania. How can you ensure your funds reach the intended recipient accurately and efficiently? This comprehensive guide will walk you through BRD Bank's SWIFT code details, helping you navigate cross-border payments while avoiding unnecessary delays and fees.
Understanding SWIFT Codes: Why They Matter
Before delving into BRD Bank's specific SWIFT code, it's essential to understand what SWIFT codes are and their significance in international banking. A SWIFT (Society for Worldwide Interbank Financial Telecommunication) code, also known as a BIC (Bank Identifier Code), serves as a unique identification number for financial institutions during international transactions. Functioning as a bank's "identity card," it ensures your transfer reaches the correct destination.
Incorrect SWIFT codes can lead to delayed, returned, or even lost transfers. Therefore, verifying the accuracy of this code is crucial when initiating international payments.
BRD Bank's Primary SWIFT Code: Key Details
The main SWIFT code for BRD Bank (Groupe Societe Generale) in Romania is: BRDEROBUXXX .
Complete bank information associated with this code:
- Bank Name: BRD - GROUPE SOCIETE GENERALE SA
- SWIFT Code: BRDEROBUXXX
- Bank Address: ION MIHALACHE BOULEVARD 1-7, 1. DISTRICT
- City: Bucharest
- Country: Romania
When to Use BRDEROBUXXX
The primary SWIFT code BRDEROBUXXX should be used in these common scenarios:
- When sending international transfers to BRD Bank in Romania
- When the recipient hasn't provided a specific branch SWIFT code
- When BRD Bank processes payments through its headquarters
- When you need a universally accepted default code for general transactions
Branch-Specific SWIFT Codes: When Precision Matters
While the primary SWIFT code typically suffices, BRD Bank maintains different codes for various branches across Romania. Using branch-specific codes becomes necessary in these situations:
- When the recipient explicitly provides their branch's SWIFT code
- When you need funds directed to a particular BRD Bank branch
How to Locate BRD Bank Branch SWIFT Codes
To find specific branch codes, consider these methods:
- Request the information directly from your recipient
- Contact BRD Bank's customer service department
- Use online SWIFT code search tools (with verification)
Essential Considerations for International Transfers
Beyond SWIFT codes, these factors ensure successful international transactions:
- Double-check the recipient's account number
- Understand all applicable transfer fees
- Monitor exchange rate fluctuations
- Comply with local financial regulations
- Maintain complete transaction records
By understanding BRD Bank's SWIFT code system and following these guidelines, you can confidently execute secure and efficient international transfers to Romania. Always verify all transaction details and consult with financial institutions when uncertain about any aspect of the transfer process.