Imagine a cross-border payment delayed or returned due to a minor SWIFT code error—such scenarios create unnecessary complications for both senders and recipients. In international finance, SWIFT codes (also called BIC codes) serve as crucial identifiers, functioning as a bank's "international passport" to ensure funds reach their intended destination accurately. For individuals and businesses conducting cross-border transactions with Industrial Bank, understanding the correct SWIFT code is fundamental.
This article provides a comprehensive analysis of Industrial Bank's SWIFT code system, helping users identify and apply the appropriate codes to avoid common transfer errors and ensure secure, efficient fund delivery.
Industrial Bank Headquarters SWIFT Code: FJIBCNBAXXX
The primary SWIFT code for Industrial Bank (INDUSTRIAL BANK CO., LTD.) is FJIBCNBAXXX . This code contains the following components:
- FJIBCN: Bank identifier for Industrial Bank
- BA: Country code for China
- XXX: Branch identifier (XXX denotes the head office)
Headquarters address: INDUSTRIAL BANK BUILDING, 398 JIANGBIN MIDDLE AVENUE, FUZHOU, CHINA.
When to Use the Headquarters SWIFT Code
The head office SWIFT code (FJIBCNBAXXX) may be used in these scenarios:
- International transfers to Industrial Bank accounts within China
- When the recipient hasn't provided a specific branch code
- When using a widely recognized default code is preferred
- For payments processed centrally through the head office
Industrial Bank Branch SWIFT Codes
Notably, various Industrial Bank branches may use distinct SWIFT codes. For optimal accuracy, always use the specific branch code provided by the recipient. Below are examples of branch SWIFT codes:
- FJIBCNBA030: YUANHONG BUILDING, 32 CENTRAL WUGI ROAD, FUZHOU, FUJIAN, 350004
- FJIBCNBA130: FENGZE STREET, QUANZHOU, FUJIAN, 362000
- FJIBCNBA230: LONGMEN BUILDING, WEST SHENGLI ROAD, ZHANGZHOU, FUJIAN, 363000
- FJIBCNBA260: 78 NORTH HUBIN ROAD, XIAMEN, FUJIAN, 361012
- FJIBCNBA360: XINGYZ BUILDING, LEIDONG STREET, SANMING, FUJIAN, 365000
- FJIBCNBA390: 399 MIDDLE BINJIANG ROAD, NANPING, FUJIAN, 353000
- FJIBCNBA420: 46 SOUTH FUJIAN ROAD, LONGYAN, FUJIAN, 364000
- FJIBCNBA450: XING YE BUILDING, XUEYUAN ROAD, CHENGXIAN DISTRICT, PUTIAN, FUJIAN, 351100
How to Verify Branch SWIFT Codes
To locate the correct branch code:
- Contact the recipient: The most reliable method is to request the SWIFT code directly from the account holder's branch.
- Consult Industrial Bank: Reach out to customer service or check the bank's official resources.
- Use verification tools: While online SWIFT code finders exist, always cross-check their information for accuracy.
Risks of Incorrect SWIFT Codes
Using erroneous SWIFT codes may result in:
- Transfer delays: Banks require additional time to process payments with coding errors.
- Failed transactions: Completely incorrect codes may cause outright rejection.
- Extra charges: Financial institutions often impose fees for rectifying erroneous transfers.
- Fund misdirection: In rare cases, payments may be routed to unintended accounts.
Cross-Border Transfer Best Practices
Beyond SWIFT codes, consider these international payment guidelines:
- Verify recipient details: Confirm all account information, including name, number, and bank address.
- Compare transfer fees: Costs vary significantly between providers—research options thoroughly.
- Monitor exchange rates: Currency fluctuations impact final received amounts.
- Document transactions: Retain all payment records for future reference.
Understanding Industrial Bank's SWIFT code system is essential for seamless international transactions. By verifying codes and recipient details while selecting reputable transfer channels, users can ensure funds reach their destination securely and efficiently.