What is Swift Code?

Swift Code is used to identify banks around the world. It is an interchangeable term for BIC. It stands for Bank Identification Code which is used by swift system to identify specific bank & has 8 or 11 digits. Some banks, investment managers & dealers need swift code to make international wire transfer.

A BIC/SWIFT code is used to identify individual banks around the world. BIC and SWIFT code are interchangeable terms meaning the same thing.

  • BIC stands for 'Bank Identification Code' and is used by the SWIFT system to identify specific banks worldwide
  • A BIC has eight or 11 digits, depending on the bank in question.

 
Money Transfer FAQ's
 

Most Viewed Q&A

Related Articles

Go Mobile

Get the Best Exchange Rates, Important Remittance Information and
Special Promotion Alerts on the go! Download Our Mobile App on your Smartphone or Smartwatch.

google play apple app store

Join Our Movement

Founded in 2012, CompareRemit is the first, largest, and fastest-growing money transfer comparison marketplace globally. Put your brand in front of millions of active remittance users, ready to send money using your services. To learn more schedule a call with our Strategic Partnership Manager or fill out the form below and we will reach out to you within 2 business days.

Submit your contact information and we will get back to you as soon as possible.

Invalid character entered.

Submit your contact information and we will get back to you as soon as possible.

Invalid character entered.

CompareRemit is a part of FrontAd Media Inc., a digital media company built by a team of passionate marketing experts, with in-depth knowledge and direct access to the immigrant population in the United States. We are not a conventional or typical marketing agency, but rather an end-to-end digital marketing solutions provider that works to bridge the gap between your brand and your target audience. Working with you every step of the way from concept to execution, FrontAd Media Inc is proven to deliver measurable results.

Thank you for contacting us. We will get back to you shortly.