SWIFT Code COVEBE71 — MONABANQ SOCIETE ANONYME, TOURNAI

About SWIFT Code COVEBE71 — MONABANQ SOCIETE ANONYME, TOURNAI

SWIFT code COVEBE71 is the official 8-character head-office BIC (Bank Identifier Code) for MONABANQ SOCIETE ANONYME in TOURNAI, Belgium. 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 MONABANQ SOCIETE ANONYME for all outward international remittances from TOURNAI. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code COVEBE71

The code COVEBE71 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code COVEBE71

Receiving International Wire Transfers

To receive money from abroad at your MONABANQ SOCIETE ANONYME account in TOURNAI, share SWIFT code COVEBE71 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 MONABANQ SOCIETE ANONYME, TOURNAI must provide SWIFT code COVEBE71. 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 MONABANQ SOCIETE ANONYME in TOURNAI rely on SWIFT code COVEBE71 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 MONABANQ SOCIETE ANONYME →

For cheque clearing or NACH mandates, use the MICR code for MONABANQ SOCIETE ANONYME →

For TDS challan deposits, find the BSR code for MONABANQ SOCIETE ANONYME →

How SWIFT Code COVEBE71 Routes an International Transfer

1. Initiation: The sender provides SWIFT code COVEBE71 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 MONABANQ SOCIETE ANONYME.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: MONABANQ SOCIETE ANONYME receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code COVEBE71

• Spaces or lowercase letters — Always enter COVEBE71 uppercase with no spaces.
• Using the wrong city — This code is for TOURNAI 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 Belgium.

Data Accuracy

BankZop sources SWIFT/BIC data from publicly available banking registries and official disclosures, updated regularly. For the highest-stakes transactions, always confirm COVEBE71 directly with MONABANQ SOCIETE ANONYME's TOURNAI branch or via the SWIFT BIC Directory.