International money transfers require precise banking details, where even minor errors in SWIFT codes can cause significant delays or failed transactions. This guide provides authoritative information about OTP Bank Albania's SWIFT/BIC code to ensure seamless cross-border payments.
Primary Banking Information
The principal SWIFT/BIC code for OTP Bank Albania (BANKA OTP ALBANIA SH.A.) is:
- SWIFT Code: PUPPALTRXXX
- Bank Address: Twin Towers 1st Tower, Blvd. Deshmoret e Kombit, Tirana, Albania
When to Use PUPPALTRXXX
This primary code applies in these common scenarios:
- Standard international transfers to OTP Bank Albania accounts
- Transactions where recipients don't specify branch-specific codes
- Payments processed through the bank's central operations
- Transactions requiring the bank's universally recognized identifier
Critical Verification Steps
Before initiating any SWIFT transfer:
- Triple-check the SWIFT code against official bank records
- Verify the recipient's exact account details and legal name
- Confirm with your bank if any discrepancies appear
Receiving International Payments
Account holders expecting incoming transfers must provide:
- The correct SWIFT/BIC code (preferably verified with the bank)
- Complete account number including all required characters
- Additional details as requested by the sending bank
Branch-Specific Considerations
While PUPPALTRXXX serves as the primary identifier, certain transactions may require branch-specific codes. Recipients should confirm the appropriate code with their local branch before sharing details with senders.
Understanding SWIFT Codes
These standardized identifiers (also called BIC codes) facilitate secure international transfers by uniquely identifying financial institutions. Each code contains bank, country, location, and optional branch information.
Frequently Asked Questions
What happens with incorrect SWIFT codes?
Transactions may be delayed, returned, or lost, potentially requiring lengthy resolution processes.
Where to find updated SWIFT information?
Consult the bank's official documentation or contact their customer service directly.
SWIFT vs. IBAN differences?
SWIFT identifies banks, while IBAN specifies individual accounts within those institutions.