SWIFT is the process the Commonwealth Bank uses to send money overseas (similar to BPay used for domestic payments) and a BIC is the code that the SWIFT system uses to identify banks worldwide.
For an international bank transfer, you need a SWIFT Code (BIC Code) and the IBAN Code. For this reason, Bank Identifier Codes (BICs) are often called SWIFT addresses or codes.
The mission is to have a shared worldwide data processing and common protocol for international financial transactions.
| Country | City | Bank Name | Branch | SWIFT |
|---|---|---|---|---|
| Israel | Jerusalem | Bank Yahav FOR Goverment Employees LTD | Bank Yahav FOR Goverment Employees LTD | BYAHILI1XXX |