The Bank Identifier Code is a unique address which, in telecommunication
messages, identifies precisely the financial institutions involved in financial
The SWIFT code can be 8 or 11 characters long. The 8-digit SWIFT code refers to the main branch or office of the bank.
Simple description of the structure can be found below:
First 4 characters - Represents the bank code (aplphabetic)
Next 2 characters - ISO 3166-1 alpha-2 country code (alphabetic)
Next 2 characters - location code (alphanumeric) (passive participants have "1" in the second character)
Last 3 characters - Determines the branch code, optional ('XXX' for main branch/office) (alphanumeric)
- For business companies, the codes are very useful especially if they are aiming for worldwide expansion. The codes will enable such companies to transact finances internationally in a smooth way. They can easily communicate directly to banks all over the world through these codes.
- The IBAN check and validation tool helps businesses verify the validity of a bank account number worldwide. Regardless of the type of transaction a copmany plans to conduct the IBAN checker is saving time and money.
- The Swift Code search brings security by supporting the newest SEPA standards and providing details on how to safely make payments to offshore and local companies.
- Our Swift/Bic code directory holds thousands of bank swift codes for credit or direct debit and deposit wire transactions worldwide.