In today's global financial environment, international money transfers have become increasingly common, making the understanding of SWIFT/BIC codes an essential skill. For those needing to transfer funds to the Central Bank of the Dominican Republic, proper identification of the correct banking codes is crucial for successful transactions.
The Critical SWIFT Code: BCRDDOSXOMA
The SWIFT code BCRDDOSXOMA serves as the unique identifier for Banco Central de la República Dominicana. This alphanumeric code is more than just a technical requirement—it's the key to ensuring secure and efficient international financial transfers to the institution.
The bank's physical headquarters are located at CALLE PEDRO HENRIQUEZ URENA, ESQ.LEOPOLDO NAVARRO, SANTO DOMINGO, NATIONAL DISTRICT, 10106. When initiating transfers, both the SWIFT code and complete address information must be accurately provided to facilitate proper processing.
Transaction Details and Considerations
The maximum transfer amount using this SWIFT code is $10,000.00 USD (approximately €8,412.00), making it suitable for most international transactions. However, senders should account for several factors:
- Potential currency exchange rate fluctuations
- Applicable bank processing fees
- Transfer processing times
- Cut-off times for same-day processing
Ensuring Successful Transfers
To prevent delays or complications with international transfers to the Dominican Republic Central Bank, financial institutions recommend:
- Verifying all recipient details before submission
- Confirming the most current SWIFT code with the receiving bank
- Allowing sufficient processing time for international clearance
- Maintaining documentation of the transfer for reference
For any questions regarding the transfer process, contacting the financial institution's customer service team before initiating the transaction can provide clarification and prevent potential issues.