Guide to Using SWIFTBIC Codes for International Transfers

Guide to Using SWIFTBIC Codes for International Transfers

The SWIFT/BIC code is crucial for cross-border transfers, ensuring that funds are sent accurately to the designated bank and location. For example, the SWIFT code ALFHPKKA285 for BANK ALFALAH LIMITED illustrates that knowing and using the correct bank identification code can greatly enhance the security and efficiency of transfers. Whether for remittances or transactions, ensuring accurate information is key to success.

RBC Explains SWIFTBIC Codes for Global Payments

RBC Explains SWIFTBIC Codes for Global Payments

The SWIFT code for the ROYAL BANK OF CANADA is ROYCCAT2, located in Montreal. Confirming relevant information is crucial when making international remittances to ensure each transaction is efficient and secure. By transferring $10,000 through this bank to France, the recipient is expected to receive €8,409.