Search Any Bank's Swift / BIC Code in the World
What is SWIFT Code or BIC Code?
The SWIFT code is also known as BIC, which stands for Bank Identifier Codes and it is unique identification code for a particular bank to use with international fund transfers.
These Swift codes are used when transferring money between banks, especially for international wire transfers(sending money to other account out side that country). Many Banks also used these codes for exchanging other important messages between them confidentially.
For all international money transfer, a SWIFT code is used to uniquely identify banks branch to enable fund transfer. Alternatively, use IBAN account number as Bankleitzahl was part of it.
Generally Bank swift code will be having 8 or 11 digits. When the code has 8 digits, it means that, this code refers to main office of the Bank.
AAAA BB CC DDD (what is this, see below)
- The first 4 Characters, letters only (AAAA) used to identify the bank code.
- The next 2 digits (BB) used to identify ISO 3166-1 alpha-2 country code (only letters).
- The next 2 digits (CC) used to identify the location code (letters and digits) (passive participant will have "1" in the second character).
- These last 3 digits (DDD) used to identify branch code, optional ('XXX' for primary office) (letters and digits).
What is the Difference between Swift Code and ISO 9362
The SWIFT Code also know as BIC code or Swift-BIC code are part of ISO 9362 standards. It is an international standard for Business Identifier Code (BIC). Generally everyone uses BIC short form to refer Bank Identifier Code.
The BIC or SWIFT Code is used to identify financial and non-financial firms uniquely. The main purpose of this code is to make international wire transfers or telegraphic transfer (TT) easy without any confusion. The other private use is to communicate important messages between banks.
Generally, the personal account members will use, SWIFT Code to transfer money across the international border.