SWIFT Code ICOAALTR — INTERNATIONAL COMMERCIAL BANK, TIRANA

About SWIFT Code ICOAALTR — INTERNATIONAL COMMERCIAL BANK, TIRANA

SWIFT code ICOAALTR is the official 8-character head-office BIC (Bank Identifier Code) for INTERNATIONAL COMMERCIAL BANK in TIRANA, Albania. Standardised under ISO 9362 and maintained by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), this code is used exclusively for cross-border wire transfers and is recognised by financial institutions in over 200 countries.

This code must be provided to the sender when receiving money from abroad, and is required by INTERNATIONAL COMMERCIAL BANK for all outward international remittances from TIRANA. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code ICOAALTR

The code ICOAALTR follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code ICOAALTR

Receiving International Wire Transfers

To receive money from abroad at your INTERNATIONAL COMMERCIAL BANK account in TIRANA, share SWIFT code ICOAALTR with the sender along with your full account number, your name as on the account, and the branch address.

NRI Remittances

Non-Resident Indians sending money to NRO/NRE accounts at INTERNATIONAL COMMERCIAL BANK, TIRANA must provide SWIFT code ICOAALTR. Major remittance platforms — including Wise, Remitly, Western Union, and MoneyGram — use this code to route transfers accurately.

Trade Finance and Foreign Payments

Importers and exporters using INTERNATIONAL COMMERCIAL BANK in TIRANA rely on SWIFT code ICOAALTR for letters of credit, bank guarantees, and foreign currency settlements.

SWIFT Code vs IFSC vs MICR vs BSR — Key Differences

Need the IFSC code for domestic NEFT, RTGS, or UPI transfers? View the IFSC code for INTERNATIONAL COMMERCIAL BANK →

For cheque clearing or NACH mandates, use the MICR code for INTERNATIONAL COMMERCIAL BANK →

For TDS challan deposits, find the BSR code for INTERNATIONAL COMMERCIAL BANK →

How SWIFT Code ICOAALTR Routes an International Transfer

1. Initiation: The sender provides SWIFT code ICOAALTR and account number to their bank.
2. Validation: The sending bank validates the BIC against the SWIFT registry.
3. Routing: An MT103 SWIFT message is transmitted through the network to INTERNATIONAL COMMERCIAL BANK.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: INTERNATIONAL COMMERCIAL BANK receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code ICOAALTR

• Spaces or lowercase letters — Always enter ICOAALTR uppercase with no spaces.
• Using the wrong city — This code is for TIRANA only.
• Truncating to 8 characters — When 11 characters are required, always use the full code.
• Using SWIFT for domestic transfers — Use the IFSC code for any transfer within Albania.

Data Accuracy

BankZop sources SWIFT/BIC data from publicly available banking registries and official disclosures, updated regularly. For the highest-stakes transactions, always confirm ICOAALTR directly with INTERNATIONAL COMMERCIAL BANK's TIRANA branch or via the SWIFT BIC Directory.