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A bank’s SWIFT code is an eight- or 11-digit code with four components: Bank code: Four letters that represent an abbreviated version of the financial institution’s name
The previous edition is ISO 9362:2009 (dated 2009-10-01). The SWIFT code is 8 or 11 characters, made up of: 4 letters: institution code or bank code. 2 letters: ISO 3166-1 alpha-2 country code (exceptionally, SWIFT has assigned the code XK to Republic of Kosovo, which does not have an ISO 3166-1 country code) 2 letters or digits: location code
A SWIFT code is used to identify banks and financial institutions globally. ... that correlate to the bank’s business identifier code or codes. The terms SWIFT and BIC are sometimes mentioned ...
Swift Ref, the global payment reference data utility, is SWIFT's unique reference data service. Swift Ref sources data directly from data originators, including central banks, code issuers and banks making it easy for issuers and originators to maintain data regularly and thoroughly.
The (national) bank codes differ from the international Bank Identifier Code (BIC/ISO 9362, a normalized code - also known as Business Identifier Code, Bank International Code and SWIFT code). Those countries which use International Bank Account Numbers (IBAN) have mostly integrated the bank code into the prefix of specifying IBAN account numbers.
Routing numbers are security codes banks use to identify the other financial institution during a wire transfer. ... also known as BIC codes, are basically routing numbers used for international ...
A typical British bank statement header (from a fictitious bank), showing the location of the account's IBAN. The International Bank Account Number (IBAN) is an internationally agreed upon system of identifying bank accounts across national borders to facilitate the communication and processing of cross border transactions with a reduced risk of transcription errors.
For international wire transfers, you may need a SWIFT/BIC code and/or international bank account number (IBAN) for the recipient’s bank. Since wire transfers are irreversible, you likely won ...