What is a SWIFT Code?
A SWIFT code (also known as BIC - Bank Identifier Code) is a unique identification code used to identify banks and financial institutions worldwide. It's essential for international wire transfers and communications between banks.
AAAA BB CC DDD
Format breakdown:
β’ AAAA - Bank code (4 letters)
β’ BB - Country code (2 letters)
β’ CC - Location code (2 letters/numbers)
β’ DDD - Branch code (3 letters/numbers, optional)