Procredit Bank Albania Simplifies SWIFT Transfers

This article provides a detailed analysis of the SWIFT code for ProCredit Bank Albania, explaining its role in international money transfers. It outlines scenarios for using the primary SWIFT code and methods for obtaining branch-specific codes. Additionally, it reminds readers of crucial considerations for cross-border remittances to ensure the safe and accurate arrival of funds. This information is essential for anyone sending money to or from Albania through ProCredit Bank.

Imagine needing to send money to a friend in Albania, only to be overwhelmed by complex banking codes. This guide demystifies the SWIFT code system for ProCredit Bank Albania, ensuring smooth cross-border transactions.

SWIFT Code: The Universal Passport for International Banking

A SWIFT code (or BIC code) serves as a unique identifier for financial institutions during international money transfers. Functioning like a bank's "ID card," it guarantees funds reach the correct destination. For ProCredit Bank Albania, the primary SWIFT code is FEFAALTRXXX . However, different service types or branches may require alternate codes.

Decoding ProCredit Bank Albania's Primary SWIFT: FEFAALTRXXX

This identifier contains crucial information:

FEFA: Bank code representing ProCredit Bank Albania
AL: Country code for Albania
TR: Location code for Tirana
XXX: Branch identifier (default when no specific branch is designated)

ProCredit Bank Albania: A Key Financial Institution

Formerly known as FEFAD Bank, ProCredit Bank Albania operates as a significant financial services provider focused on small-to-medium enterprises and individuals. Headquartered at H. 15, Rruga Dritan Hoxha, Njesia Bashkiake 11, Tirana, the bank maintains multiple branches throughout Albania.

When to Use the Primary SWIFT Code

The main SWIFT code applies in these scenarios:

International transfers to ProCredit Bank Albania accounts
Situations where no specific branch code is provided
Transactions processed through the central office
Standardized transactions requiring a widely recognized code

Locating Branch-Specific SWIFT Codes

While the primary code suffices for most transactions, certain situations may require branch-specific identifiers. For precise information:

Consult the recipient about their branch's specific code
Contact ProCredit Bank Albania directly for branch verification

Essential Considerations for International Transfers

Beyond the SWIFT code, successful cross-border transactions require attention to:

Accurate beneficiary details (name, account number, address)
Transfer amount and associated fees
Potential intermediary banks and additional charges
Processing timelines (typically several business days)
Proper transaction purpose declarations for compliance

SWIFT Code Verification Tools

Various online platforms offer SWIFT code lookup services for global banks. While convenient, always verify results with the recipient or financial institution to ensure accuracy.

Understanding ProCredit Bank Albania's SWIFT code system enables efficient international money transfers. By recognizing when to use the primary code versus branch-specific identifiers, senders can ensure funds reach their intended destination securely and promptly.

Note: Banking information may change. Always confirm current SWIFT codes and account details with ProCredit Bank Albania or recipients before initiating transfers.