SWIFT/BIC Code Lookup

A SWIFT code (also called a BIC code — Bank Identifier Code) is a unique identification code for banks and financial institutions worldwide. It is used to identify specific banks during international financial transactions, particularly wire transfers and interbank messages.

SWIFT stands for the Society for Worldwide Interbank Financial Telecommunication, a cooperative headquartered in Belgium that provides the network for secure international financial messaging. SWIFT connects over 11,000 financial institutions in more than 200 countries.

8-Character vs 11-Character SWIFT Codes

SWIFT codes come in two lengths: 8 characters and 11 characters. An 8-character code identifies the bank's head office, while an 11-character code identifies a specific branch. If the last 3 characters are "XXX", it refers to the head office.

How to Read a SWIFT Code

SWIFT vs BIC — What is the Difference?

There is no difference between SWIFT and BIC codes. They refer to the same thing. "SWIFT code" is the more commonly used term, while "BIC" (Bank Identifier Code) is the formal ISO 9362 standard name.

When Do You Need a SWIFT Code?

• Sending or receiving international wire transfers
• Setting up direct deposits from foreign employers
• Receiving payments from international clients or platforms
• Interbank communication and settlement
• Foreign currency exchange transactions