List of Swift Code

What is swift code?

A SWIFT code (also known as a BIC code) is a standard format for Business Identifier Codes (BIC). It is used to uniquely identify banks and financial institutions globally. Here’s a breakdown of its components:

Structure of a SWIFT Code

A SWIFT code consists of 8 or 11 characters:

  • Bank Code: 4 letters representing the bank. It typically looks like a shortened version of the bank’s name.
  • Country Code: 2 letters representing the country in which the bank is located.
  • Location Code: 2 characters (letters or digits) representing the location of the bank’s head office.
  • Branch Code: (Optional) 3 characters (letters or digits) representing a specific branch.

For example, in the SWIFT code HSBCHKHHXXX:

  • HSBC represents the bank (HSBC).
  • HK represents the country (Hong Kong).
  • HH represents the location (Hong Kong).
  • XXX represents a specific branch (in this case, the head office).

Usage

SWIFT codes are used for international wire transfers and to exchange messages between banks. When you need to send or receive money internationally, you will often be required to provide a SWIFT code to ensure the funds are sent to the correct institution.

Would you like more detailed information on any specific aspect of SWIFT codes or how to use them?