Swift Code?is a standard format of Bank Identifier?Codes?(BIC) and it is unique identification code for a particular bank. These?codes?are used when transferring money between banks, particularly for international wire transfers. Banks also used the?codes?for exchanging other messages between them.

The?Swift code??consists of 8 or 11 characters. When 8-digits code is given, it refers to the primary office. The code formatted as below;

AAAA?BB?CC?DDD

  • First 4 characters - bank code (only letters)
  • Next 2 characters - ISO 3166-1 alpha-2 country code (only letters)
  • Next 2 characters - location code (letters and digits) (passive participant will have "1" in the second character)
  • Last 3 characters - branch code, optional ('XXX' for primary office) (letters and digits)