Procredit Bank Sh. A. Albania (Formerly Fefad Bank) SWIFT/BIC code

What FEFAALTR means for a payment to Procredit Bank Sh. A. Albania (Formerly Fefad Bank)

The 8-character code FEFAALTR and the 11-character code FEFAALTRXXX identify the same bank: Procredit Bank Sh. A. Albania (Formerly Fefad Bank), with its head office in Tirana. A BIC does one job: it makes sure that an international payment reaches the right bank. It comes up mainly when dealing with transfers between countries and payments in foreign currencies.

We wrote this page to help people who sends money to an account at Procredit Bank Sh. A. Albania (Formerly Fefad Bank) and wants to get the details right. The BIC identifies a bank or branch, never a single account; the IBAN or account number does that.

When will the money arrive at Procredit Bank Sh. A. Albania (Formerly Fefad Bank)?

How fast a payment reaches Procredit Bank Sh. A. Albania (Formerly Fefad Bank) depends on a few things: the currency, the number of banks in between, cut-off times and time zones. Transfers sent late in the day or on weekends and holidays often go out a business day later. Compliance checks by one of the banks may also cause a delay, even when all details are correct.

If the money seems delayed, contact the sending bank for the tracking status so they can trace it along the chain. Save the payment confirmation – you will need it for any trace request.

Only the sending bank can request a trace – the recipient’s bank often cannot see a payment that has not arrived. Request from the sender a copy of the payment confirmation with the date and reference – it helps your own bank look for the money.

Which of the 4 codes of Procredit Bank Sh. A. Albania (Formerly Fefad Bank) do you need?

With 4 codes in 3 locations, Procredit Bank Sh. A. Albania (Formerly Fefad Bank) belongs to the banks that use individual codes for branches and departments. The main code remains FEFAALTRXXX.

If nobody asks you for a branch code, go with FEFAALTRXXX or its short form FEFAALTR. Only use a branch code when the account holder gives you that exact code, for example on an invoice or in their bank details.

The safest approach is to copy the code directly from the recipient’s invoice. Codes for branches are more likely to be retired than FEFAALTRXXX.

What a transfer from Procredit Bank Sh. A. Albania (Formerly Fefad Bank) abroad really costs

What you pay for a payment abroad is made up of several parts. Besides the transfer fee, correspondent or intermediary banks can take a cut, and when the money changes currency the bank usually applies a rate below the actual market rate.

The real cost is often in the rate: the bank converts at a rate that includes a margin. A simple test: put the bank’s rate against the mid-market rate and look at the difference.

Specialist money transfer services frequently offer a rate near the mid-market rate and lower fees. GoldexPay compares transfer providers next to each other so you can see the amount the recipient gets. You can always keep your account at Procredit Bank Sh. A. Albania (Formerly Fefad Bank) as the source of the money, while a cheaper service handles the conversion.

Is FEFAALTR still correct? How to check

The most reliable place for the right code remains paperwork issued by the bank. Compare that code against FEFAALTR here.

Errors in the SWIFT code are annoying rather than disastrous: often the payment comes back, minus fees. Do not forget the account number: a mistake there is harder to undo than a wrong BIC.

Many banking apps validate the structure of an IBAN and some suggest the matching BIC, but that does not prove the account belongs to the right person. More and more banks check the name against the account before you confirm. For a first payment, some people send a small amount first before sending the rest.

Receiving money from abroad at Procredit Bank Sh. A. Albania (Formerly Fefad Bank)

A sender in another country will ask for several details about your account, and missing ones are a common cause of delays. Share your name as the bank knows it, your account number or IBAN, the BIC FEFAALTRXXX and your address, which some banks require.

Some sending banks also ask for the name and address of Procredit Bank Sh. A. Albania (Formerly Fefad Bank) in Tirana. A typo in your account number can be harder to fix than it looks; copy them from your banking app rather than typing.

An incoming payment does not always land for the full amount. Fees for incoming transfers differ per bank. Make clear with the sender who covers the fees before the money is sent.

A note on our data

The directory on GoldexPay draws on publicly available sources. It is possible that information on this page is no longer current after a merger or reorganisation. Figures such as the number of codes come from our own dataset.

Before a payment of any size, confirm the code with the recipient’s bank or with the recipient. GoldexPay is independent of Procredit Bank Sh. A. Albania (Formerly Fefad Bank); we are a comparison site for money transfers. If you notice something that is out of date, we welcome a short note via the contact page.

8 or 11 characters: FEFAALTR versus FEFAALTRXXX

Every SWIFT/BIC code has an 8-character core: a four-letter bank code, two letters for the country and a two-character location code. In this case, that core is FEFAALTR.

The 11-character version adds a three-character extension that identify a branch or department. If the last three are XXX, they simply mean the head office, which is why FEFAALTRXXX and FEFAALTR lead to the same place.

Leave out spaces, dots when you type FEFAALTR or FEFAALTRXXX. A single letter may route the money to a different institution, so copy it carefully.

Scams that use SWIFT codes

Be wary when someone suddenly asks you to send money to another account. The fact that FEFAALTR exists is no guarantee that the account is legitimate; criminals use the codes of real banks too.

Verify new payment details via a different channel like a call to a number from an earlier contract. Be suspicious of urgent requests, odd spelling or an email address that differs by one letter. If money has already gone to a fraudster, contact your bank immediately.

People receiving money can be targeted as well: a classic trick is an overpayment and then sends a request to send back the difference. Do not act before the money is actually in your account and check with Procredit Bank Sh. A. Albania (Formerly Fefad Bank) if anything seems off.