SWIFTBICkoodien

SwiftBIC code is a unique eight-character identifier used for BIC codes (Bank Identifier Codes). A BIC is an international code assigned to a financial institution by the Society for Worldwide Interbank Financial Telecommunication (SWIFT). The SWIFTBIC code, as it is sometimes referred to, is a crucial component of a BIC and is usually presented in the format of four characters followed by a zero, and then the remaining four characters, which form the actual BIC code.

The SWIFTBIC code, also sometimes referred to as the "SWIFT code gateway," is a cleared Bank Identifier Code. It consists of the actual BIC code, usually eight characters long. The SWIFTBIC code is typically presented in the following format: XXXX00AAABBB, where XXXX00 denotes the country code and AAABBB denotes the actual BIC code. The SWIFTBIC code serves as a part of a confirmed difference – that is, it incorporates the actual BIC code at the end to avoid confusion.

The unique codes assigned to financial institutions are managed by SWIFT. The length of the actual BIC code is eight, with the majority of the characters being alphanumeric characters. The combination of these characters makes every BIC different and guarantees the uniqueness of the codes. As a result, banks and other major financial institutions can confidently utilize these BIC codes on the global inter financial system.