Detailed Guide: Using SUEZ CANAL BANK SWIFT Code for Global Transfers
When dealing with international finance, precision is paramount. The SUCAEGCXOCT Business Identifier Code (BIC) is the exclusive digital signature for SUEZ CANAL BANK located in 6TH OF OCTOBER. 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 SUCAEGCXOCT 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:
- SUCA: The Bank Code representing SUEZ CANAL BANK globally.
- EG: The Country Code, identifying that the bank is regulated under Egypt laws.
- CX: The Location Code, usually pointing to the 6TH OF OCTOBER hub.
- OCT: The Branch Code, specifying this exact physical office.
2. How to Receive Money in 6TH OF OCTOBER
If you are a resident or business owner in 6TH OF OCTOBER, you must provide the following information to your international sender. For transactions involving SUEZ CANAL BANK, 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 | SUCAEGCXOCT |
| Destination Bank | SUEZ CANAL BANK |
| Branch Location | 6TH OF OCTOBER, Egypt |
3. Potential Fees & Intermediary Banking
It is important to note that a transfer to SUEZ CANAL BANK might not be direct. Depending on the relationship between your sender's bank and the EG 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 6TH OF OCTOBER branch code?
In most cases, SUEZ CANAL BANK will
automatically route the funds to your account based on your Account Number/IBAN. However,
using the local SUCAEGCXOCT is recommended for faster processing
and lower risk of manual intervention.
Is SUCAEGCXOCT the same as a Routing Number?
No. Routing numbers are primarily used for domestic transfers within the USA. For international transfers to Egypt, 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 SUCAEGCXOCT for
SUEZ CANAL BANK is part of the latest directory update. We
periodically refresh our database to ensure all codes for 6TH OF OCTOBER are compliant
with current financial standards.
Note: Financial data changes. While SUCAEGCXOCT is
verified for SUEZ CANAL BANK, always perform a small test transfer for high-value
transactions. This resource is for educational purposes regarding the banking infrastructure in
6TH OF OCTOBER, Egypt.