Imagine needing to send money to a friend in Guinea while you're abroad. In this scenario, a seemingly cryptic string of characters—the SWIFT code—becomes the crucial bridge connecting you to the recipient. This article provides a comprehensive explanation of the SWIFT code for United Bank for Africa Guinea (UBA Guinea), helping you navigate international transfers with ease.
What Is a SWIFT Code?
A SWIFT code (also known as a BIC code) is a Bank Identifier Code assigned by the Society for Worldwide Interbank Financial Telecommunication (SWIFT) to financial institutions worldwide. Functioning like a bank's unique ID number, it ensures accurate routing of international payments to the correct bank and branch.
UBA Guinea's Primary SWIFT Code: UBAGGNCNXXX
UBA Guinea's main SWIFT code is UBAGGNCNXXX. This code breaks down as follows:
- UBAG: Bank code for United Bank for Africa
- GN: Country code for Guinea
- CN: Location code for Conakry
- XXX: Branch code (default for head office)
Are There Different SWIFT Codes for UBA Guinea Branches?
While UBAGGNCNXXX serves as the primary SWIFT code, some UBA Guinea branches or specific services might use different codes. Always verify the correct SWIFT code with the recipient or bank before initiating a transfer to prevent delays or failed transactions.
When to Use UBAGGNCNXXX
Use UBA Guinea's primary SWIFT code in these situations:
- Sending money to any UBA Guinea account in Guinea
- When the recipient hasn't provided a specific branch code
- If UBA Guinea processes international payments centrally through its head office
- When you prefer using a widely recognized default code
How to Make an International Transfer Using a SWIFT Code
To complete an international transfer, provide your bank with these details:
- Recipient bank's SWIFT code (UBAGGNCNXXX or specific branch code)
- Recipient's account number
- Recipient's full name as registered with the bank
- Recipient's bank-registered address
- Transfer amount and currency
- Purpose of the transfer (e.g., goods payment, family support)
Double-check all information for accuracy. Banks typically charge transfer fees, which vary by institution and amount sent.
How to Verify UBA Guinea Branch SWIFT Codes
To confirm branch-specific SWIFT codes:
- Ask the recipient to verify with their UBA Guinea branch
- Contact UBA Guinea's customer service directly
- Use online SWIFT code lookup tools (verify information with the bank as these may not be current)
Key Considerations for International Transfers
When sending money internationally:
- Exchange rates: Compare rates across providers for optimal value
- Fees: Different institutions charge varying transfer fees
- Intermediary bank charges: Some transfers incur additional fees from intermediary banks
- Processing time: Standard transfers typically take several business days
- Recipient information: Ensure all details match the bank's records exactly
- Documentation: Some transfers require supporting documents based on their purpose
UBA Guinea Headquarters Information
The bank's head office address is: IMMEUBLE SONOCO, RUE CHATEAU D'EAU MARCHE NIGER, CONAKRY, GUINEA. Some transfers may require this address information.
Conclusion
Understanding UBA Guinea's SWIFT code system simplifies international money transfers. By confirming the correct code and recipient details while considering exchange rates and fees, you can ensure smooth cross-border transactions. With this knowledge, sending money to Guinea becomes a straightforward process.