Have you ever struggled with international transfers to Intesa Sanpaolo Bank Albania, unsure which SWIFT code to use? With numerous bank branches and different codes for various services, even a minor mistake can lead to delays or failed transactions. This article provides a comprehensive explanation of Intesa Sanpaolo Bank Albania's SWIFT code to help you complete cross-border transfers smoothly.
What Is a SWIFT Code?
A SWIFT code (also known as a BIC code) is a bank identifier used in international transfers to identify specific banks and branches. It serves as a bank's "international ID," ensuring funds reach the correct financial institution.
Intesa Sanpaolo Bank Albania's SWIFT Code
The primary SWIFT code for Intesa Sanpaolo Bank Albania is USALALTRXXX . This code breaks down as follows:
- USAL: Bank code (Intesa Sanpaolo Bank Albania)
- AL: Country code (Albania)
- TR: Location code (Tirana)
- XXX: Branch code (primary branch)
When to Use USALALTRXXX
You should use USALALTRXXX as Intesa Sanpaolo Bank Albania's SWIFT code in these situations:
- Sending international transfers to accounts at Intesa Sanpaolo Bank Albania
- The recipient hasn't provided a specific branch SWIFT code
- You prefer using a widely accepted standard SWIFT code
- When Intesa Sanpaolo Bank Albania processes payments through its primary branch
Important: Verifying the SWIFT Code
While USALALTRXXX is the primary SWIFT code for Intesa Sanpaolo Bank Albania, we strongly recommend:
- Confirm with the recipient: Always ask the recipient for the correct SWIFT code as they know which branch their account belongs to
- Contact the bank: If you can't reach the recipient, contact Intesa Sanpaolo Bank Albania directly to verify the SWIFT code
Receiving International Transfers at Intesa Sanpaolo Bank Albania
To successfully receive international transfers, provide the sender with:
- Correct SWIFT code: Always provide the accurate SWIFT code
- Account number: Your Intesa Sanpaolo Bank Albania account number
- Bank name: Intesa Sanpaolo Bank Albania Sh.A.
- Bank address: Rruga Ismail Qemali 27, Tirana, Albania
- Your name and address: Ensure these match your bank records exactly
Avoiding Delays: Providing Accurate Information
Supplying precise banking details is crucial to prevent transfer delays, returns, or additional fees. Always double-check all information before initiating a transfer.
Intesa Sanpaolo Bank Albania Branches
While you can use the primary SWIFT code USALALTRXXX, if the recipient provides a specific branch code, always use that code for more efficient processing.
Understanding SWIFT Code Structure
A deeper understanding of SWIFT code components helps clarify their function:
- Bank code (4 letters): Identifies the financial institution (USAL for Intesa Sanpaolo Bank Albania)
- Country code (2 letters): Specifies the country (AL for Albania)
- Location code (2 letters/numbers): Indicates the city or branch (TR for Tirana)
- Branch code (3 letters/numbers, optional): Identifies specific branches (XXX typically denotes the primary branch)
Frequently Asked Questions
What happens if I provide the wrong SWIFT code?
The transfer may be delayed, returned, or lost. Banks may charge fees for correcting or returning transfers.
Where can I find Intesa Sanpaolo Bank Albania's SWIFT code?
You can request it from the recipient or contact Intesa Sanpaolo Bank Albania directly.
What's the difference between SWIFT and IBAN codes?
SWIFT codes identify banks and branches, while IBAN (International Bank Account Number) identifies specific accounts.
Are SWIFT transfers secure?
The SWIFT network is a secure global banking communication system, but always verify transfer details to prevent fraud.