What is Bank SWIFT Code?
CEans,
The SWIFT code of a bank is an alphanumeric code that uniquely identifies your financial institution. SWIFT code is also known as BICor Bank Identifier Code.
You do not need to know your bank's SWIFT code unless you are doing international transactions.
I hope you find this information useful.
Update: I've collected some more information on the bank swift code.
The SWIFT code is also known by several other names: SWIFT-BIC, where BIC stands for Business Identifier Code. These codes are defined by the ISO and it's a unique code created for all the financial as well as non-financial organizations. The code is identified by ISO with number 9362.
The modern generation of SWIFT codes are typically of the following format:-
First four letters: Institution Code.
Next Two Letters: Country Code.
Next Two Numbers: Location code.
Next Three Letters Or Digits: These are optional.
You'll typically find the swift code information on your cheque or by simply asking your bank manager. If you have any questions about the SWIFT code, please post your question below.
The SWIFT code of a bank is an alphanumeric code that uniquely identifies your financial institution. SWIFT code is also known as BICor Bank Identifier Code.
You do not need to know your bank's SWIFT code unless you are doing international transactions.
I hope you find this information useful.
Update: I've collected some more information on the bank swift code.
The SWIFT code is also known by several other names: SWIFT-BIC, where BIC stands for Business Identifier Code. These codes are defined by the ISO and it's a unique code created for all the financial as well as non-financial organizations. The code is identified by ISO with number 9362.
The modern generation of SWIFT codes are typically of the following format:-
First four letters: Institution Code.
Next Two Letters: Country Code.
Next Two Numbers: Location code.
Next Three Letters Or Digits: These are optional.
You'll typically find the swift code information on your cheque or by simply asking your bank manager. If you have any questions about the SWIFT code, please post your question below.
Replies
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Mayur PathakSWIFT stands for- Society for Worldwide International Financial Telecommunication. -
Ashraf HZ
Ah, good to know we comm guys are involved somehow 😉mayurpathakTelecommunication -
raj87verma88Your transactions are usually quite swift when you have this feature in your account....😛
@Ash: It is good to see that finally there is something for comm guys to do 😛 -
Ashraf HZYeah, we are chilling now. We've done our contributions to humanity already. Its time we get appreciated 😛
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harywilsonA SWIFT money transfer is a type of international wire transfer that is an electronic means of moving money from one country to another.
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