SWIFT Transfer

Swift: A global system for transferring money from one bank to another bank, so that the amount of a transfer is directly deposited in the account of the person receiving the bank address.
The number of banks participating today is more than 4000 banks that exchange more than 2 million messages per day. The network covers more than 110 countries in the world and operates 24 hours a day. The aim of the organization is to secure communication between members in a fast, accurate and secure manner.

The most important services provided by SWIFT system:
– Customer transfer letters and payment orders
– Letters of transfer of executive banks to enhance their balances with correspondent banks
– Letters of opening documentary credits of both types issued and received
– Issuing external letters of guarantee

What is the bank address?
-Bank Name
-SWIFT Code
-Account number or IBAN number
-Account name (ACCOUNT NAME)

 Incoming and outgoing bank transfers:
1- Outward remittances: Outward remittances to the following countries are executed:
Jordan: Through our correspondents, the Bank of Jordan and the Housing Bank
Turkey: through our correspondent Active Bank
UAE: through our correspondents, Bank of Abu Dhabi and Banque Misr, and in dirham currency exclusively
Egypt: through the National Bank of Egypt and exclusively for National Bank of Egypt customers
China: through our correspondents, the National Bank of Egypt, the China branch, and only Turkey Bank

2- Incoming bank transfers: implementation of incoming bank transfers from all over the world