Bank Hapoalim's Swift code is a unique identifier that facilitates international transactions.
The code is used to identify the bank and its location, making it easier for banks to process cross-border payments.
In simple terms, the Swift code is a series of letters and numbers that serves as a digital fingerprint for Bank Hapoalim.
It's a crucial piece of information that helps banks verify the sender's identity and ensure the transaction is legitimate.
The Swift code is an 8-11 character code, usually in the format of XXXXXXXX or XXXXXXXXXX, where 'X' represents a letter or number.
This code is usually displayed on the bank's website, mobile app, or provided by the bank's customer service.
Bank Hapoalim's Swift code is used for various international transactions, including wire transfers, online payments, and trade finance.
It's an essential tool for businesses and individuals who frequently conduct cross-border transactions.
What is a SWIFT Code?
A SWIFT code is a unique identifier for a bank or financial institution. It's used to move money around the world via international bank transfers.
A SWIFT code is a standard format of Bank Identifier Code (BIC) used to specify a particular bank or branch. These codes are used when transferring money between banks, particularly for international wire transfers.
SWIFT codes comprise of 8 or 11 characters, and all 11 digit codes refer to specific branches. The 8 digit codes (or those ending in 'XXX') refer to the head or primary office.
The format of a SWIFT code is:
AAAABBCCDDD
- First 4 characters - bank code (only letters)
- Next 2 characters - ISO 3166-1 alpha-2 country code (only letters)
- Next 2 characters - location code, passive participant will have "1" in the second character (letters and digits)
- Last 3 characters - branch code, optional - 'XXX' for primary office (letters and digits)
SWIFT codes are also known as BIC codes, which stands for "Business Identifier Code".
Finding Bank Hapoalim's SWIFT Code
The SWIFT code for Bank Hapoalim is POALILIT. You can use the first 8 symbols (POALILIT) without the branch code for a SWIFT funds transfer.
To ensure accuracy, it's recommended to double check with Bank Hapoalim, as they may have specific requirements.
SWIFT codes are used for international wire transfers and are a unique identifier for a bank or financial institution.
Most banks rely on their own or centralized reference data (SWIFTref), so you can send SWIFT payments to Bank Hapoalim without specifying correspondent banks.
However, if you want to manually choose a correspondent bank, you can order information about POALILIT correspondent banks or request it from Bank Hapoalim's customer service.
Understanding SWIFT Codes
A SWIFT code is a standard format of Bank Identifier Code (BIC) used to specify a particular bank or branch.
It's used when transferring money between banks, particularly for international wire transfers. Banks also use these codes for exchanging messages between them.
A SWIFT code comprises of 8 or 11 characters, with all 11 digit codes referring to specific branches, while 8 digit codes (or those ending in 'XXX') refer to the head or primary office.
The format of a SWIFT code is AAAABBCCDDD, where:
- First 4 characters - bank code (only letters)
- Next 2 characters - ISO 3166-1 alpha-2 country code (only letters)
- Next 2 characters - location code, passive participant will have "1" in the second character (letters and digits)
- Last 3 characters - branch code, optional - 'XXX' for primary office (letters and digits)
For instance, if you want to send money to BANK HAPOALIM B.M., you would need the SWIFT code POALILIT, plus the recipient's IBAN number.
You can use the first 8 symbols (POALILIT) without the branch code for a SWIFT funds transfer, but it's recommended to double check with BANK HAPOALIM.
Most of the time, banks rely on their own or centralized reference data (SWIFTref), so you can send SWIFT payments to BANK HAPOALIM without specifying correspondent banks.
However, if you would like to manually choose one, you can order information about POALILIT correspondent banks or request it from the customer service of BANK HAPOALIM.
Here's a breakdown of the components of a SWIFT code:
Frequently Asked Questions
Is SWIFT code the same for all branches?
A SWIFT code is not always the same for all branches, as it can vary by bank and even by branch. Typically, you can use the bank's head office SWIFT code as a default option.
How do I find my bank SWIFT code?
Check your bank's website, mobile app, or account statements for your SWIFT code, or visit your local branch to request it. You can also find it on some online banking platforms.
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