Detailed Guide: Using MORA BANC GRUP SA SWIFT Code for Global Transfers
When dealing with international finance, precision is paramount. The BINAADAD Business Identifier Code (BIC) is the exclusive digital signature for MORA BANC GRUP SA located in ANDORRA LA VELLA. 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 BINAADAD 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:
- BINA: The Bank Code representing MORA BANC GRUP SA globally.
- AD: The Country Code, identifying that the bank is regulated under Andorra laws.
- AD: The Location Code, usually pointing to the ANDORRA LA VELLA hub.
- XXX: The Branch Code, specifying this exact physical office.
2. How to Receive Money in ANDORRA LA VELLA
If you are a resident or business owner in ANDORRA LA VELLA, you must provide the following information to your international sender. For transactions involving MORA BANC GRUP SA, 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 | BINAADAD |
| Destination Bank | MORA BANC GRUP SA |
| Branch Location | ANDORRA LA VELLA, Andorra |
3. Potential Fees & Intermediary Banking
It is important to note that a transfer to MORA BANC GRUP SA might not be direct. Depending on the relationship between your sender's bank and the AD 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 ANDORRA LA VELLA branch code?
In most cases, MORA BANC GRUP SA will
automatically route the funds to your account based on your Account Number/IBAN. However,
using the local BINAADAD is recommended for faster processing
and lower risk of manual intervention.
Is BINAADAD the same as a Routing Number?
No. Routing numbers are primarily used for domestic transfers within the USA. For international transfers to Andorra, 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 BINAADAD for
MORA BANC GRUP SA is part of the latest directory update. We
periodically refresh our database to ensure all codes for ANDORRA LA VELLA are compliant
with current financial standards.
Note: Financial data changes. While BINAADAD is
verified for MORA BANC GRUP SA, always perform a small test transfer for high-value
transactions. This resource is for educational purposes regarding the banking infrastructure in
ANDORRA LA VELLA, Andorra.