Bank SWIFT Code / BIC

SWIFT stands for the Society for Worldwide Interbank Financial Telecommunication. SWIFT Code is a unique identification code for a particular bank and financial institution globally. It is a standard format of Bank Identifier Codes (BIC). These codes are used while transferring money between the banks particularly for international wire transfers. SWIFT Code is 8 or 11 characters for a bank to identify the Country, Bank & Branch where account is registered and it approved by the International Organization for Standardization (ISO) for financial as well as non-financial institutions. SWIFT Code is required when making or receiving international payments and also for the exchange of other messages between banks. If SWIFT Code is 8 character code then it points to the primary branch/office

First 4 characters represents bank code.
Next 2 characters represents ISO 3166-1 alpha-2 country code.
Next 2 characters represents location code. (letters and digits) (passive participant will have "1" in the second character)
Last 3 characters represents branch code. These characters are optional. ('XXX' for primary office)
SWIFT Codes are used for transferring money and messages between banks.

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Bank SWIFT / BIC Code

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SWIFT Code Format