The world is all about money. It does not matter whether you are a layman or a prominent personality; you have to deal with financial transactions at some point or the other. You have to hang on to one bank or the other. Because you do not have a choice! Once you are a part of this world you have to make yourselves aware of the common phrases and acronyms like SWIFT, BIC and IBAN. You will be encountering with them almost each day. You probably must be wondering what these terms stand for and how are they useful!
What is SWIFT Code / BIC Code?
Every financial transactions deals with a financial institution. Thus, the unique address which helps in identifying the exact bank for the said transaction is called the Bank Identifier Code.
A SWIFT code usually consists of 8 or 11 characters. If you come across 8-digit SWIFT code, note that it is the main branch/office of the bank. For further clarification a simple skeleton of its feature is shown below:
What is BankSwiftCode.ORG?
BankSwiftCode.org is a website specially designed for offering free BIC Codes / Swift Codes directory for searching any financial institution's Bank Identification Code. It provides you both options of alphabetic search and keyword search for easy access. All you need to do is enter a bank's name and you will get a hold of all information available in our database.
SWIFT Code, BIC Code, ISO 9362
SWIFT Code or BIC code are part of ISO 9362 standards. It is a standard format of Business Identifier Codes (BIC). BIC sometimes also refers to Bank Identifier Code.
SWIFT Code or BIC Code is a unique code to identify financial and non-financial institutions. These codes are mostly used when transferring money between banks, especially for international wire transfers or telegraphic transfer (TT). The codes are also used in exchanging messages between banks.
SWIFT Code for Worlds Largest Economies
For individual users, SWIFT Code normally used to transmit money across the international border.
The following countries are the 24th largest economies based on Gross Domestic Product (GDP) as listed by the International Monetary Fund (IMF).
Domestic Bank Codes
Some countries also implement domestic bank code or clearing system to transfer money within their own border. Examples are, Routing Number in United States (USA), Routing Number or Transit Number in Canada, Sort Codes in United Kingdom (UK), National Sort Codes (NSC) in Ireland, Bankleitzahl (BLZ Codes) in Germany, Bankenclearing-Nummer (BC) & SIX Interbank Clearing Codes (SIC) in Switzerland, Code Banque & Code Guichet In France, Codice ABI (ABI) & Codice di Avviamento Bancario (CAB Code) in Italy, Registreringsnummer (Reg. nr.) in Denmark, Bank State Branch (BSB number) in Australia, Bank State Branch (BSB number) in New Zealand and Indian Financial System Code (IFSC) in India.
How can I benefit from your site?
BankSwiftCode.ORG is the largest and the most reliable SWIFT Code / BIC Code database on the internet. We allow quick access of the Bank Identification Code of any bank around the globe. It does not matter if you are planning on money transaction through bank wire or online, we provide a free service with a guarantee in quality.
We make sure that our SWIFT Codes and Bank Identification Codes are frequently updated. We thank our customers for helping us construct an improved Bank Swift Code reference for the internet society.
Benefits of bank swift codes
Use of these codes
There are thousands of bank all over the world. Consider two banks with the same name in two completely different corners of the world. Don t you think the investors will have a hard time dealing with these banks? Well for such cases, swift code bank was invented. You can always get the swift code from the bank customer support department. You may also find it online from your bank site.
The swift code bic organization never takes part in any financial transactions. Its objective is to help banks maintain a unique code that does not lapse with one another. It also gives you access to swift code lookup. Again, the bic code iban gives a unique identification to every single bank worldwide, irrespective of the bank, branch or country to avoid confusion.