What is SWIFT Code?
SWIFT Code - unique identifier of a bank or other financial organization which is used for SWIFT or SEPA money transfers. SWIFT codes are mandatory in cross-border payments. They also referred as BIC codes, so if you know a BIC code of a bank you don't need to search for any additional SWIFT code.
Example of a SWIFT code: DEUTDEFF. The first 4 symbols DEUT - unique ID of a bank, DE - is a country code (Germany), FF - is a location code (Frankurt).
SWIFT codes always consist of 8 or 11 symbols. The last 3 symbols identify a branch code of a bank. For most of the banks it is optional or could be replaced with XXX - which means a headquarter. However there are banks which require a full version of SWIFT code, for example, BBVA Mexico - BCMRMXMMPYM or Bank of Baroda - BARBAEADDUB.
In order to find a SWIFT code, you can search your bank by name or by country.
The registrations of SWIFT codes are handled by Society for Worldwide Interbank Financial Telecommunication (SWIFT) and their headquarters is located in La Hulpe, Belgium. SWIFT is the registered trademark of S.W.I.F.T. SCRL with a registered address at Avenue Adèle 1, B-1310 La Hulpe, Belgium. We are not in any way affiliated with S.W.I.F.T. SCRL.