Imagine an international wire transfer delayed due to a minor SWIFT code error—not only causing funds to be held up but potentially incurring additional fees. For transactions involving Armenia's Evocabank, how can you ensure flawless execution?
This comprehensive guide provides detailed information about Evocabank's SWIFT codes, helping you avoid delays and financial losses caused by incorrect banking details.
Evocabank's Primary SWIFT/BIC Code: PRMLAM22XXX
As a key financial institution in Armenia, Evocabank's primary SWIFT/BIC code is PRMLAM22XXX . This unique identifier facilitates international transactions within the global banking network.
- Bank Name: EVOCABANK CJSC
- SWIFT Code: PRMLAM22XXX
- Bank Address: HANRAPETUTYAN STR 44/2
- City: YEREVAN
- Country: Armenia
When to Use the Primary SWIFT/BIC Code
The primary code PRMLAM22XXX should be used in these scenarios:
- Sending international transfers to Evocabank accounts in Armenia
- When the recipient hasn't provided a specific branch code
- For payments processed through Evocabank's headquarters
- When using a widely recognized default identifier
Potential Code Variations and Important Considerations
Evocabank may use different SWIFT/BIC codes for specific services or branches. To guarantee transaction accuracy:
- Always confirm the exact SWIFT code with the recipient
- Contact Evocabank directly for the most current information
How to Find Evocabank's SWIFT Code
Besides contacting the bank or recipient, you can locate the correct code through:
- Online SWIFT code search tools (various free services available)
- Evocabank's official website (typically lists current codes)
The Critical Role of SWIFT Codes
SWIFT codes (Society for Worldwide Interbank Financial Telecommunication) serve as standardized identifiers for secure international banking communication. These 8-11 character codes function as unique bank "passports," ensuring funds reach the correct financial institution.
Common SWIFT Code Errors to Avoid
When entering SWIFT codes, watch for these frequent mistakes:
- Typographical errors: Even one wrong character can derail a transfer
- Outdated codes: Banks occasionally update their identifiers
- Code confusion: Never mix up SWIFT codes with IBAN numbers
Additional International Transfer Tips
Beyond the SWIFT code, international transfers require:
- Recipient's full name and address
- Correct account number
- Transfer amount and currency
- Purpose of payment
Other important considerations include:
- Understanding applicable fees across different transfer methods
- Monitoring exchange rate fluctuations that affect final amounts
- Keeping transaction records for potential inquiries
With this detailed guide, you're now equipped to navigate Evocabank's international transfer requirements confidently. Always verify banking details thoroughly to ensure efficient, secure fund transfers.