What is SWIFT code

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♦️ What is SWIFT Code?♦️

SWIFT Code (Society for Worldwide Interbank Financial Telecommunication) or BIC (Bank Identifier Code) is a unique identification code for a particular bank. These codes are used when transferring money between banks, particularly for international wire transfers. The Swift code consists of 8 or 11 characters.

SWIFT Code Format : AAAA-BB-00-YYY

First 4 characters - bank code (only letters)

Next 2 characters -country code (only letters)

Next 2 characters - location code (letters and digits)

Last 3 characters - branch code (optional).

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