SWIFT code / BIC / Routing number for Bank in Bishkek

SWIFT BIC code and Routing number for BAKAKG22 wire Transfer

SWIFT code / BIC / Routing number for Banks in all city and countries

BAKAI BANK OJSC SWIFT BIC Code | Bishkek

SWIFT CODE | BIC CODE | ROUTING NUMBER FOR BAKAI BANK OJSC

How to Use SWIFT Code BAKAI BANK OJSC

SWIFT BIC routing code for Bakai Bank Joint Stock is BAKAKG22, which is used to transfer the money or fund directly through our account. This is electronic fund transfer payment method. This Swift code BAKAKG22 is applicable for Bishkek location in Kyrgyzstan. The first four characters of swift code " BAKA " denote the bank name and next two characters KG points Kyrgyzstan, next two characters " 22 " is meant for location Bishkek. EFT (Electronic fund transfer or wire transfer to direct bank account) facility ia available for Bakai Bank Joint Stock located in Bishkek with swift bic routing code of BAKAKG22 in , Kyrgyzstan. This SWIFT BIC code list was searched 154 number of times in the past. Bank contact address, telephone number, contact email, customer service, clarification, feedback, support can be found in the respective bank for any issues or transfer failure.

Near by Banks in Bishkek

• SWIFT Code for Bakai Bank Joint Stock, Bishkek,

The Wire transfer facility is available for following countries and SWIFT Code / BIC codes are also available.

Recent Bank SWIFT Codes / BIC code searches & Transactions :

• SWIFT Code / BIC Code for Turks And Caicos Banking Co Ltd, Grand Turk,Grand Turk
• SWIFT Code / BIC Code for Nifco Inc, Minato Ku,Minato Ku

Scenario:

John Doe, residing in New York, USA, needs to transfer $5,000 to his business partner, Jane Smith, in London, UK. John will use his bank to initiate a SWIFT wire transfer to Jane’s bank.

1. Gather Information:

John needs to gather the following details before initiating the transfer:

• Recipient’s Bank Name: HSBC Bank, London
• Recipient’s Bank SWIFT/BIC Code: HBUKGB4B
• Recipient’s Bank Account Number: 123456789012
• Recipient’s Name: Jane Smith
• Recipient’s Address: 8 Canada Square, London, E14 5HQ, UK
• Amount to Transfer: $5,000
• Currency: USD
• Purpose of Transfer: Payment for consulting services

2. Initiate Transfer:

John logs into his online banking account and navigates to the international wire transfer section. He enters the details he has gathered:

• Recipient’s Bank SWIFT/BIC Code: HBUKGB4B
• Recipient’s Bank Account Number: 123456789012
• Recipient’s Name: Jane Smith
• Recipient’s Address: 8 Canada Square, London, E14 5HQ, UK
• Amount: $5,000
• Currency: USD
• Purpose: Payment for consulting services

3. Authorization:

John reviews the details and authorizes the transfer. This might involve entering a security code or confirming through a two-factor authentication process.

4. SWIFT Message Creation:

John’s bank creates a SWIFT message with the transaction details. The SWIFT message, formatted according to the SWIFT MT103 standard, includes all the relevant information required for the transfer.

5. Transmission of SWIFT Message:

The SWIFT message is transmitted through the SWIFT network from John’s bank to HSBC Bank in London. The SWIFT network securely routes the message to the recipient’s bank based on the SWIFT/BIC code.

6. Processing by Recipient’s Bank:

HSBC Bank in London receives the SWIFT message and processes the transaction. They credit Jane Smith’s account with the amount of $5,000.

7. Confirmation to Sending Bank:

HSBC Bank sends a confirmation message back through the SWIFT network to John’s bank, indicating that the transfer has been completed and providing a transaction reference number.

8. Notification to Sender:

John’s bank informs him of the successful completion of the transfer. John receives a notification with details of the transaction, including the reference number and confirmation of the amount sent.

9. Finalization:

Both banks reconcile their records to ensure the transaction has been processed correctly. John’s bank updates his account statement to reflect the $5,000 transfer, and HSBC Bank updates Jane’s account accordingly.

Example Summary:

John Doe uses his bank to transfer $5,000 to Jane Smith in London via a SWIFT wire transfer. The transfer involves the creation and transmission of a SWIFT message containing transaction details, which is processed by both the sending and receiving banks, with final confirmation and record-keeping.