What happens if I use the wrong SWIFT code?
Entering an erroneous SWIFT or BIC code on an international wire transfer prevents the money from reaching the intended beneficiary bank. Automated validation systems at clearing banks catch invalid codes immediately, resulting in an instant transaction rejection and the funds being returned through the routing chain to your account, though conversion losses and processing fees may apply. If the incorrect code accidentally matches a different active overseas bank branch, the funds are misrouted to the wrong institution, necessitating formal recall requests, manual compliance investigations, and customer support inquiries with your bank to track and repatriate the funds.
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