A SWIFT code or BIC code is a standard format for Business Identifier Codes (BIC). It’s used to identify banks and financial institutions globally. It tells who and where they are. These codes are used when transferring money between banks, in particular for international wire transfers or SEPA payments. Banks also use these codes to exchanging messages.
The registrations of SWIFT Codes are handled by Society for Worldwide Interbank Financial Telecommunication (“SWIFT”) and their headquarters is located in La Hulpe, Belgium.
The SWIFT code consists of 8 or 11 characters. When 8-digits code is given, it refers to the primary office. The code formatted as below:
4 letter code. It usually looks like a shortened version of that bank's name.
2 letter code. It says which country that bank is in.
2 letters or numbers location code. It's says where that bank's head office is.
Optional 3 letters or numbers code. It specifies a particular branch. 'XXX' is usually for head office.
Note: SWIFT is a trademark of S.W.I.F.T. SCRL. S.W.I.F.T. SCRL is headquartered at Avenue Adele 1, B-1310 La Hulpe, Belgium. We are not affiliated with S.W.I.F.T. SCRL in any manner and we are not the official source of SWIFT codes. We are focused on money transfer related information. Please visit the SWIFT website for official information on SWIFT codes. You use the information entirely at your own risk.