The Swift Code is one of the Standard Format of Bank Identifier Code (BIC) as well as it is an unique code for a specific Bank. These codes are used especially when your transfer money among banks. The most importantly when you made an international wire transfer. The banks also use this code for the for other communication between.

You can recognize a swift code easily because it contains 8 to 11 characters. When 8-digits code is provided, it refers to the primary office.


  • 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)

Currently there are about to 40,000 "live" Swift Codes working. If we leads to the live codes these are those partners who are actively connected with the swift code network. On the other hand there are also more than 50,000 plus codes which are used for the manual transactions. The mentioned additional codes are for the passive participants.

The Swif Codes are registered under the Society for Worldwide Interbank Financial Telecommunication (“SWIFT”) and their headquarters is located in La Hulpe, Belgium.

It is also being informed to you that SWIFT is registered trademark S.W.I.F.T SCRL with the registered address as Avenue Adèle 1, B-1310 La Hulpe, Belgium.

Swift Code, BIC Code, ISO 9362

Swift Code and BIC are certified under International standards organization (ISO) 9362 and this is the standard format of Business Indetifier Codes (BIC) and sometimes it is also recognized as " 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.

For an individual use core purpose of Swift Code is to transfer money

across the borders.

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International Bank Account Number (IBAN)

Certain part of the world, especially in the Europe, Middle East & Caribbean countries adopted to use International Bank Account Number (IBAN) for international fund transfer. Remember to use IBAN if you are doing fund transfer to these countries.

IBAN format is very long, and it can be up to 34 characters. In order to avoid a mistake, it is wise to validate IBAN number prior making international fund transfer.

It is possible to calculate IBAN from an existing bank account number by using online IBAN Calculator. The required informations are depending on the specific countries, but normally, account number, bank code and branch codes are needed.

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, Bankleitzahl (“BLZ Codes”) in Austria, 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, Bank State Branch (BSB number) in Australia, Bank State Branch (BSB number) in New Zealand and Indian Financial System Code (“IFSC Code“) in India.