International wire transfers often come with the challenge of navigating complex banking codes. For those sending funds to ProCredit Bank Albania, ensuring the accuracy of the SWIFT code is crucial to avoid delays or failed transactions. Below is a comprehensive guide to streamline the process.
ProCredit Bank Albania’s SWIFT/BIC Code: FEFAALTRXXX
This primary SWIFT code— FEFAALTRXXX —is used for most international transfers to ProCredit Bank Albania. However, specific services or branches may require alternative codes. To minimize errors, verify the correct code with the recipient or the bank directly before initiating a transfer.
When to Use FEFAALTRXXX
This default SWIFT code applies in the following scenarios:
- International transfers to ProCredit Bank Albania: The most common use case for this code.
- No branch-specific code provided: If the recipient only shares their account number and bank name, the primary code suffices.
- Centralized transaction processing: Many banks, including ProCredit, route transfers through a main branch.
- Widely recognized default code: FEFAALTRXXX is universally accepted for transfers to this institution.
Double-Checking Details Before Transfer
To prevent complications, confirm the following information before submitting a SWIFT transfer:
- Exact SWIFT code: Ensure it matches ProCredit Bank Albania’s official designation.
- Recipient’s account number and name: Even minor discrepancies can result in failed transactions.
If a transfer fails due to incorrect details, contact your bank immediately for assistance.
Receiving International Funds: Providing Accurate Information
For recipients expecting inbound transfers to a ProCredit Bank Albania account, furnish the sender with:
- The correct SWIFT/BIC code: Either FEFAALTRXXX or a branch-specific alternative.
- Precise account number: Verify there are no typos.
- Complete bank details: Include the bank’s name and address if required.
Clear communication with the sender helps avoid processing delays.
Conclusion
Understanding SWIFT codes is fundamental for seamless international banking. By confirming the correct details and proactively coordinating with recipients or financial institutions, senders can ensure efficient and secure cross-border transactions.