What Are SWIFT/BIC Codes?
SWIFT stands for Society for Worldwide Interbank Financial Telecommunication and it is a term used in the financial world when handling business operations and international payments. The SWIFT code is now standardized as BIC or Business Identifier Code.
The both terms SWIFT code, and BIC code are used today actually and have the exact same meaning. The BIC code is an alphanumeric identification code which consists of a combination of letters and numbers. The BIC code is used to identify a bank or other financial institution among the members of the SWIFT network.
Why You Need SWIFT or BIC Code?
These codes are commonly required during a money transferring process (between two banks that are members of the SWIFT network). So, when sending an international payment we are not only asked to submit the bank account number or the IBAN number that we want to send money to, but we are asked also to provide the BIC code of the bank.
The SWIFT/BIC Finder simplify the process of finding this code.
How to Use Our SWIFT/BIC Finder
You need to know that the SWIFT code consists of 8 or 11 characters. This is a standard format standardized by the International Organization for Standardization or ISO. The first 4 characters identify the bank and these 4 characters are used to identify a particular bank or financial institution’s branches all over the globe. The 5th and 6th characters identify the country in which the bank is based. The 7th and 8th characters identify the location code and the last 3 characters for the branch code. When an 8-digit code is given, it can be assumed that the code refers to the primary office.
On our page, you can find the SWIFT/BIC finder. It is very simple and easy to use. All you need to do is to enter the bank name and the SWIFT or BIC number. Be careful and double-check if the SWIFT or BIC number is entered correctly.
Once the information are filled click “Search”.
We actively aim to provide our customers with the most accurate, complete and latest collection of SWIFT or BIC codes for thousands of banks and financial institutions around the world.
If you are planning on sending or receiving an international payment, having a SWIFT or BIC code is a must. Use our SWIFT/BIC Finder and simplify the process of converting your bank account number and finding the SWIFT or BIC code.
Take advantage of our helpful user guide and discover all the important information you need to know related to SWIFT or BIC code.