Delayed international wire transfers can cause significant anxiety for both individuals and businesses. In cross-border transactions, bank identification codes play a critical role. For those sending funds to Intesa Sanpaolo Bank Albania, accurately identifying its SWIFT code (also known as BIC code) is essential for ensuring successful fund delivery.
Intesa Sanpaolo Bank Albania SWIFT Code Overview
The primary SWIFT code for Intesa Sanpaolo Bank Albania is USALALTRXXX . This unique identifier represents the bank within the global payment network, facilitating secure and efficient international money transfers. The code breaks down as follows:
- USALALTR - Bank code and location identifier
- AL - Country code for Albania
- TR - Location code for Tirana
- XXX - Branch code (indicating the head office)
SWIFT Code Structure and Meaning
SWIFT/BIC codes consist of 8 or 11 characters, each serving a specific purpose:
- Bank Code (4 characters): Identifies the financial institution (USAL for Intesa Sanpaolo Bank Albania)
- Country Code (2 characters): ISO country designation (AL for Albania)
- Location Code (2 characters): Identifies the city or region (TR for Tirana)
- Branch Code (3 characters, optional): Specifies particular branches (XXX typically denotes the head office)
Choosing Between Head Office and Branch Codes
Selecting the correct SWIFT code is crucial for successful international transfers. In most cases, using the head office code (USALALTRXXX) is sufficient when:
- The recipient hasn't provided a specific branch code
- The sending bank doesn't require branch-level details
- The receiving bank processes international payments centrally
However, using branch-specific codes may be preferable when:
- The recipient explicitly provides a branch code
- The sending bank requests detailed branch information
- Faster processing through direct branch routing is desired
Locating the Correct SWIFT Code
To ensure accurate SWIFT code information:
- Consult the recipient: Account holders can obtain their SWIFT code from bank statements, online banking portals, or by contacting their bank directly
- Contact the banks: Both sending and receiving banks can verify the correct SWIFT code
- Use verification tools: Online SWIFT code databases can provide reference information, though direct bank confirmation is recommended
Important Considerations
When initiating international transfers to Intesa Sanpaolo Bank Albania:
- Always double-check the SWIFT code before submission
- Verify all recipient details including account number and full name
- Understand applicable fees from both sending and receiving banks
- Allow sufficient processing time for international clearance
About Intesa Sanpaolo Bank Albania
Intesa Sanpaolo Bank Albania SH.A. operates as a leading financial institution in Albania, offering comprehensive retail, corporate, and investment banking services. Headquartered in Tirana, the bank maintains an extensive branch network throughout the country.