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June 23, 2017
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What are the SWIFT Codes (BIC Codes) ?

SWIFT Codes (BIC codes) function as bank and/or branch unique identifiers for financial institutions part of the SWIFT network. The standard is ISO 9362, approved by the International Organization for Standardization and is also known as  SWIFT-BIC, BIC code or SWIFT ID. The main purpose if to easily identify the bank during the exchange of messages between banks or when transferring money (wire transfers). The ISO standard was last updated on 1 October 2009. The length of the SWIFT/BIC code is 8 or 11 characters, consisting of:

  • The first 4 letters are the bank code;
  • The folliowing 2 letters are are country code complying with the ISO 3166-1 alpha-2 standardization code;
  • The next 2 characters (letters or digits) represent the code of the location;
  • The last 3 characters (letters of digits) are the branch identification code or 'XXX' for the head office;

The SWIFT codes are managed by Society for Worldwide Interbank Financial Telecommunication Due to the later standardization of the BIC codes, standing for Business Identifier Codes, sometimes they are called BIC ocodes and other times SWIFT codes. Notice that only part of the banks are using a different SWIFT Code for identifying their branches. At the moment, there are around 7500 live Swift Codes provided to institutions who are connected actively to the BIC network. More than 10.000 additional BIC Codes are used to manual transactions.

Find SWIFT Code (BIC code) by choosing the first letter of the country

The listed SWIFT Codes (BIC Codes) are provided for personal information only.
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23/06/2017.
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