In international banking, SWIFT/BIC codes serve as critical identifiers for cross-border transactions. For those conducting business with MBANK S.A.—formerly known as BRE BANK S.A.—the institution's SWIFT/BIC code is BREXPLPWGDY . This alphanumeric sequence ensures the efficient and secure processing of global financial transfers.
MBANK S.A.: A Brief Overview
Headquartered in Gdynia, Poland, MBANK S.A. operates from its primary office at Śląska 47, 81-310, within the Pomeranian Voivodeship. The bank plays a significant role in facilitating international trade and personal remittances, leveraging its SWIFT code to connect with financial institutions worldwide.
How SWIFT Codes Work in Practice
When initiating an international transfer through MBANK S.A.—for instance, sending funds to France—the sender must provide the bank's SWIFT code. For example, a transfer of $10,000.00 USD would be converted into euros at the prevailing exchange rate, resulting in the recipient receiving approximately €8,412.00 (subject to real-time market fluctuations).
SWIFT codes undergo regular audits and updates to maintain accuracy and compliance with global banking standards. Financial institutions rely on these checks to mitigate risks and ensure seamless cross-border transactions.
Why SWIFT Codes Matter
The standardization of SWIFT/BIC codes has revolutionized international banking by:
- Reducing processing errors in wire transfers
- Accelerating transaction settlement times
- Enhancing transparency across correspondent banking networks
For businesses and individuals alike, verifying the correct SWIFT code before initiating transfers is essential to avoid delays or misdirected funds. While MBANK S.A.'s code remains consistent for most transactions, specific circumstances (such as intermediary bank requirements) may necessitate additional routing details.