Discovering the Power of OP Bank: A Comprehensive Guide to Its SWIFT Code
Are you looking to make international transactions with ease and efficiency? Do you want to know more about the financial prowess of OP Bank? If so, you’ve come to the right place. In this article, we will delve into the intricacies of OP Bank’s SWIFT code, providing you with a detailed and multi-dimensional overview. Let’s embark on this journey together.
Understanding SWIFT Codes
Before we dive into OP Bank’s SWIFT code, it’s essential to understand what a SWIFT code is. SWIFT, which stands for the Society for Worldwide Interbank Financial Telecommunication, is an international network that facilitates the exchange of financial messages between banks. A SWIFT code is a unique identifier for a bank, and it is crucial for international money transfers.
SWIFT codes are eight or eleven characters long. The first eight characters are the bank’s identifier, which includes the bank’s code, country code, and location code. The eleventh character is a check digit, which is used to validate the code.
OP Bank: A Brief Overview
OP Bank, also known as the Overseas Private Investment Corporation (OPIC) Bank, is a financial institution that provides a wide range of services to both individuals and businesses. Headquartered in Washington, D.C., OP Bank is a member of the World Bank Group and plays a significant role in promoting sustainable development and economic growth in emerging markets.
OP Bank offers various financial products and services, including loans, guarantees, political risk insurance, and investment funds. The bank’s mission is to support American businesses in expanding their operations abroad and to foster economic development in the countries where it operates.
OP Bank’s SWIFT Code: The Unique Identifier
Now that we have a basic understanding of SWIFT codes and OP Bank, let’s focus on the bank’s SWIFT code. OP Bank’s SWIFT code is BOFAUS3N. This code is essential for initiating international transactions with the bank.
Breaking down the SWIFT code, we can see that the first four characters, BOFA, represent the bank’s code. The next two characters, US, indicate the country code, which in this case is the United States. The next two characters, 3N, represent the location code, and the final character, N, is the check digit.
Using OP Bank’s SWIFT Code for International Transactions
When making international transactions with OP Bank, it’s crucial to use the correct SWIFT code to ensure that your funds are transferred to the intended recipient. Here’s how you can use OP Bank’s SWIFT code for various transactions:
| Transaction Type | SWIFT Code | Recipient Information |
|---|---|---|
| Wire Transfer | BOFAUS3N | Recipient’s full name, account number, and bank details |
| Foreign Currency Exchange | BOFAUS3N | Recipient’s full name, account number, and bank details |
| International Payment Order | BOFAUS3N | Recipient’s full name, account number, and bank details |
Remember to double-check the recipient’s information to avoid any errors or delays in the transaction process.
OP Bank’s Online Banking Services
In addition to its SWIFT code, OP Bank offers a range of online banking services that make managing your finances more convenient. Here are some of the key features of OP Bank’s online banking platform:
- Account Management: Access your account information, view transaction history, and manage your funds from anywhere in the world.
- International Payments: Initiate and track international wire transfers, foreign currency exchanges, and payment orders.
- Security: Rest assured that your financial information is protected with advanced security measures, including multi-factor authentication and encryption.
- Customer Support: Reach out to the bank’s customer support team for assistance with any questions or concerns
