When sending money to Pakistan from abroad, navigating complex banking codes can be challenging. This guide explains Bank Alfalah's SWIFT code system to simplify cross-border transactions.
SWIFT Codes: The Essential Banking Identifier
SWIFT codes, also known as BIC (Bank Identifier Codes), are unique identification numbers assigned by the Society for Worldwide Interbank Financial Telecommunication. These codes function as a bank's international "passport," ensuring accurate routing of funds during cross-border transfers.
For transactions involving Pakistan's Bank Alfalah, whether sending or receiving international payments, the correct SWIFT code is crucial for successful processing.
Bank Alfalah's Primary SWIFT Code: ALFHPKKAXXX
The bank's main SWIFT code breaks down as follows:
- ALFH: Bank Alfalah identifier
- PK: Country code for Pakistan
- KA: Location code for Karachi (headquarters)
- XXX: Default branch indicator
Important Considerations for Branch-Specific Codes
While ALFHPKKAXXX serves as the primary code, many branches maintain unique identifiers. Using an incorrect branch code may cause processing delays or failed transactions.
Locating Branch-Specific SWIFT Codes
To ensure accuracy, consider these verification methods:
- Confirm directly with the recipient or Bank Alfalah representatives
- Check the bank's official website for branch-specific information
Examples of Bank Alfalah Branch SWIFT Codes
Selected branch codes include:
- Faisalabad: ALFHPKKA054
- Islamabad: ALFHPKKA131
- Multan: ALFHPKKA285
- Karachi (multiple branches): ALFHPKKA505, ALFHPKKACCL, ALFHPKKACED
When to Use the Primary SWIFT Code
The main ALFHPKKAXXX code is appropriate when:
- The recipient hasn't specified a branch code
- Transactions are processed through headquarters
- Using a universally recognized default identifier
Essential Reminders for International Transfers
Beyond the SWIFT code, prepare these details:
- Recipient's full name and address
- Account number
- Transfer amount and currency
- Purpose of payment
Additional considerations include:
- Transaction fees that vary by institution and transfer method
- Exchange rates that impact final received amounts
- Processing times typically requiring several business days
- Compliance with international financial regulations
About Bank Alfalah
As one of Pakistan's largest commercial banks, Bank Alfalah maintains an extensive domestic network with international representation. Understanding its SWIFT code system facilitates efficient global transactions with Pakistani contacts.