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SWIFT Codes - Banking Data for Wire Transfer

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When you make an international payment via wire or bank transfers, SWIFT and BIC codes are used worldwide to identify the banks and ensure that your money goes to the right place. The SWIFT code and BIC code are part of the ISO 9362 international remittance standard.

The BIC Code is the abbreviation for Bank Identifier Code. It is a set of numbers representing bank branches used for international payments on the SWIFT network. Meanwhile, the Society for Worldwide Interbank Financial Telecommunication (SWIFT) code is a standard format of the Bank Identification Code (BIC) used to designate a specific bank or branch.

To find the SWIFT code of your bank, please start by selecting from the list of countries below:


Swift Codes In Asian Countries:


Swift Codes in African Countries:

The SWIFT code consists of 11 characters. All 11 digits refer to specific branches, while the first 8 digits refer to the headquarters or main office. The format of the SWIFT code is as follows:

AAAA BB CC DDD
  • The first 4 characters "AAAA" - bank code (letters only)
  • The next 2 characters "BB" - ISO 3166-1 alpha-2 country/region code (letters only)
  • The next 2 characters "CC" - position code, the second character of the passive participant is "1" (letters and numbers)
  • The last 3 characters "DDD" -branch code, optional-"XXX" (letters and numbers) of the main office

Additional FAQ

In Wire Transfer, the fee deducted by the intermediary can be very high because the funds will pass through several banks before arriving at their destination. This is greatly different from transfer methods using third parties. There can be no fee needed because the transfer process can be seen as a transfer of funds from one account to another.

As such, transactions via e-payments like PayPal, Skrill, and Neteller are known to have relatively low fees as compared with wire transfers.

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Wire transfer is perhaps the most common way to deposit funds into a trading account, so, as expected, this method is available to all users worldwide. It is basically a traditional transfer between banks all around the world, so it's considered safe and reliable.

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Wire payments involve the transfer of funds between different countries using traditional banking systems and payment networks. The speed of wire transfers can vary depending on the participating banks, the payment network used, the countries involved, and regulatory requirements. It typically takes several business days for wire transfers to be processed and settled, with additional time required for currency conversion and intermediary bank processes.

For example, a wire transfer from the United States to the United Kingdom may take up to 3 business days to be processed and settled. This is because the payment must first be sent from the sender's bank to the intermediary bank in the United States, which then sends it to the intermediary bank in the United Kingdom and finally to the recipient's bank. In addition, the payment must be converted from US dollars to British pounds, which can take additional time.

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