Detailed Guide: Using BANK LEUMI LE ISRAEL B.M. SWIFT Code for Global Transfers
When dealing with international finance, precision is paramount. The LUMIILITLDB Business Identifier Code (BIC) is the exclusive digital signature for BANK LEUMI LE ISRAEL B.M. located in TEL AVIV. Without this precise string of characters, your international wire transfer could be delayed, routed to the wrong intermediary, or returned with significant banking fees.
1. Understanding the 11-Character Logic
The code LUMIILITLDB is not a random sequence. It follows a strict ISO-9362
hierarchy that tells the global financial system exactly where your money needs to land:
- LUMI: The Bank Code representing BANK LEUMI LE ISRAEL B.M. globally.
- IL: The Country Code, identifying that the bank is regulated under Israel laws.
- IT: The Location Code, usually pointing to the TEL AVIV hub.
- LDB: The Branch Code, specifying this exact physical office.
2. How to Receive Money in TEL AVIV
If you are a resident or business owner in TEL AVIV, you must provide the following information to your international sender. For transactions involving BANK LEUMI LE ISRAEL B.M., ensure these fields are filled accurately in the MT103 (SWIFT Message Type):
| Field Name | Required Value |
|---|---|
| Beneficiary Name | Your Full Legal Name |
| Account Number | IBAN or Regional Account Format |
| BIC/SWIFT | LUMIILITLDB |
| Destination Bank | BANK LEUMI LE ISRAEL B.M. |
| Branch Location | TEL AVIV, Israel |
3. Potential Fees & Intermediary Banking
It is important to note that a transfer to BANK LEUMI LE ISRAEL B.M. might not be direct. Depending on the relationship between your sender's bank and the IL banking system, an "Intermediary Bank" might be involved. These banks may deduct a "Handling Fee" ranging from $15 to $50. Always ask your sender to choose the OUR instruction if they wish to cover all costs, or SHA to share the fees with you.
4. Frequently Asked Questions (Verified Answers)
What happens if I use the Head Office SWIFT instead of the TEL AVIV branch code?
In most cases, BANK LEUMI LE ISRAEL B.M. will
automatically route the funds to your account based on your Account Number/IBAN. However,
using the local LUMIILITLDB is recommended for faster processing
and lower risk of manual intervention.
Is LUMIILITLDB the same as a Routing Number?
No. Routing numbers are primarily used for domestic transfers within the USA. For international transfers to Israel, the SWIFT code is the standard identifier used by the global banking network.
How can I verify if this code is still active?
The code LUMIILITLDB for
BANK LEUMI LE ISRAEL B.M. is part of the latest directory update. We
periodically refresh our database to ensure all codes for TEL AVIV are compliant
with current financial standards.
Note: Financial data changes. While LUMIILITLDB is
verified for BANK LEUMI LE ISRAEL B.M., always perform a small test transfer for high-value
transactions. This resource is for educational purposes regarding the banking infrastructure in
TEL AVIV, Israel.