In today's globalized economy, international money transfers have become an indispensable part of daily life, particularly as economic exchanges intensify and cross-border support between families and friends becomes commonplace. While financial technology has made overseas transactions more convenient, the process still requires careful attention to multiple details to ensure funds arrive safely and promptly. Selecting the correct bank and SWIFT code remains especially crucial.
This article provides detailed information about United Bank's SWIFT code in Guinea (UBAGGNCNXXX) along with important guidance for international remittances. This primary identification code facilitates global financial transactions, particularly interbank fund transfers. Since different branches may use distinct SWIFT/BIC codes, it's advisable to verify the specific code with the recipient or contact United Bank directly for the most current information.
Key Information About United Bank Guinea
When initiating cross-border transfers, understanding the recipient bank's fundamental details is essential. Below are the primary details for United Bank in Guinea:
- Bank Name : United Bank Guinea
- SWIFT/BIC Code : UBAGGNCNXXX
- Address : IMMEUBLE SONOCO, RUE CHATEAU D'EAU MARCHÉ NIGER
- City : CONAKRY
- Country : Guinea
The SWIFT/BIC code serves as a critical component for international transfers, identifying the recipient bank and expediting processing times. Given that international transactions often pass through multiple intermediary banks, providing the accurate code significantly reduces risks of delays or misdirected funds.
The Critical Role of SWIFT/BIC Codes
The Society for Worldwide Interbank Financial Telecommunication (SWIFT) network relies on these 8-11 character codes to identify specific financial institutions globally. When initiating transfers, banks use this network for secure communication, making the SWIFT/BIC code indispensable for successful transactions.
When completing international transfer forms, you must provide your bank with:
- Recipient Bank's SWIFT/BIC Code : Always verify the current, correct code as branches may differ
- Account Details : The beneficiary's complete account information, full name, and address
- Currency Type : Specify the transfer currency, as fees and exchange rates vary by country
- Transfer Amount : Confirm the exact amount while noting applicable limits and charges
The International Transfer Process
Cross-border remittances typically involve multiple stages. After submission, your bank processes the request while the recipient's institution identifies the transaction via the SWIFT code. The SWIFT network facilitates information exchange between banks, with completion usually requiring several business days depending on the countries and institutions involved.
Ensuring Secure International Transfers
While international money transfers offer convenience in our interconnected financial landscape, maintaining security requires vigilance. Consider these protective measures:
- Information Verification : Double-check all details before submission, especially the SWIFT code and beneficiary name matching the account
- Record Keeping : Maintain transaction receipts and reference numbers for future inquiries
- Reputable Institutions : Select well-established, regulated financial service providers
- Transaction Monitoring Utilize online tracking tools to follow transfer progress
- Data Protection : Conduct transactions only through secure networks and platforms
Conclusion
As global connectivity expands, understanding international banking procedures grows increasingly important. The SWIFT/BIC code UBAGGNCNXXX for United Bank Guinea serves as a vital identifier for seamless fund transfers. By verifying information, maintaining clear communication with financial institutions, and monitoring transaction status, individuals can execute secure international remittances while minimizing potential risks. In our interconnected world, each cross-border transfer represents an important financial connection—one that requires both precision and security to maintain trust and reliability.